Atria Investments Inc Trims Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Atria Investments Inc decreased its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT) by 22.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,781 shares of the technology company’s stock after selling 1,694 shares during the period. Atria Investments Inc’s holdings in BWX Technologies were worth $628,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Thrivent Financial for Lutherans increased its stake in shares of BWX Technologies by 1,121.6% during the second quarter. Thrivent Financial for Lutherans now owns 578,068 shares of the technology company’s stock valued at $54,916,000 after buying an additional 530,749 shares during the period. Van ECK Associates Corp boosted its holdings in BWX Technologies by 49.7% in the third quarter. Van ECK Associates Corp now owns 960,269 shares of the technology company’s stock valued at $104,381,000 after acquiring an additional 318,598 shares in the last quarter. Sapient Capital LLC purchased a new position in BWX Technologies during the 2nd quarter valued at $29,408,000. American Century Companies Inc. raised its holdings in BWX Technologies by 37.9% in the 2nd quarter. American Century Companies Inc. now owns 738,542 shares of the technology company’s stock worth $70,161,000 after purchasing an additional 203,067 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of BWX Technologies by 12.7% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,707,832 shares of the technology company’s stock worth $162,244,000 after purchasing an additional 192,042 shares during the period. Hedge funds and other institutional investors own 94.39% of the company’s stock.

Analyst Ratings Changes

BWXT has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft boosted their price target on shares of BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Alembic Global Advisors upgraded BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 target price on the stock in a report on Tuesday, November 12th. StockNews.com lowered BWX Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Truist Financial upped their price target on BWX Technologies from $95.00 to $106.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Finally, Barclays lowered BWX Technologies from an “equal weight” rating to an “underweight” rating and raised their price objective for the company from $75.00 to $90.00 in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $122.43.

BWX Technologies Price Performance

BWXT opened at $130.33 on Wednesday. BWX Technologies, Inc. has a 1 year low of $74.69 and a 1 year high of $136.31. The stock has a 50-day moving average price of $116.47 and a 200-day moving average price of $102.57. The firm has a market cap of $11.92 billion, a PE ratio of 43.16, a P/E/G ratio of 4.23 and a beta of 0.69. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25.

BWX Technologies (NYSE:BWXT) last issued its earnings results on Monday, November 4th. The technology company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.06. The firm had revenue of $672.00 million for the quarter, compared to the consensus estimate of $658.84 million. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The business’s revenue was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.67 earnings per share. Sell-side analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 19th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Tuesday, November 19th. BWX Technologies’s payout ratio is 31.79%.

BWX Technologies Profile

BWX Technologies, Inc, together with its subsidiaries, manufactures and sells nuclear components in the United States, Canada, and internationally. It operates through two segments, Government Operations and Commercial Operations. The Government Operations segment designs and manufactures naval nuclear components, reactors, and nuclear fuel; fabrication activities; and supplies proprietary and sole-source valves, manifolds, and fittings to naval and commercial shipping customers.