BWX Technologies, Inc. (NYSE:BWXT) Shares Purchased by Advisors Asset Management Inc.

Advisors Asset Management Inc. increased its position in BWX Technologies, Inc. (NYSE:BWXT) by 10.6% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,673 shares of the technology company’s stock after purchasing an additional 637 shares during the period. Advisors Asset Management Inc.’s holdings in BWX Technologies were worth $725,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BWXT. Quent Capital LLC raised its stake in BWX Technologies by 147.6% during the third quarter. Quent Capital LLC now owns 255 shares of the technology company’s stock worth $28,000 after acquiring an additional 152 shares during the period. UMB Bank n.a. raised its position in shares of BWX Technologies by 729.0% during the 3rd quarter. UMB Bank n.a. now owns 257 shares of the technology company’s stock worth $28,000 after purchasing an additional 226 shares during the period. V Square Quantitative Management LLC bought a new stake in shares of BWX Technologies in the 3rd quarter worth approximately $31,000. GAMMA Investing LLC boosted its position in BWX Technologies by 58.9% during the 2nd quarter. GAMMA Investing LLC now owns 429 shares of the technology company’s stock valued at $41,000 after purchasing an additional 159 shares during the period. Finally, Blue Trust Inc. grew its stake in BWX Technologies by 37.2% during the 2nd quarter. Blue Trust Inc. now owns 446 shares of the technology company’s stock worth $46,000 after buying an additional 121 shares during the last quarter. 94.39% of the stock is owned by institutional investors.

BWX Technologies Trading Up 1.5 %

Shares of NYSE:BWXT opened at $132.35 on Wednesday. The stock has a market capitalization of $12.10 billion, a price-to-earnings ratio of 43.82, a PEG ratio of 4.45 and a beta of 0.69. BWX Technologies, Inc. has a 1-year low of $74.69 and a 1-year high of $136.31. The company has a 50 day moving average price of $119.17 and a 200 day moving average price of $103.72. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current 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 analysts’ consensus estimates of $0.77 by $0.06. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The business had revenue of $672.00 million for the quarter, compared to analysts’ expectations of $658.84 million. During the same period in the previous year, the firm posted $0.67 EPS. The company’s quarterly revenue was up 13.9% on a year-over-year basis. On average, research analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 19th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Tuesday, November 19th. BWX Technologies’s dividend payout ratio is presently 31.79%.

Analysts Set New Price Targets

Several equities analysts have recently commented on BWXT shares. Bank of America upped their price target on shares of BWX Technologies from $115.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Alembic Global Advisors upgraded BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price objective for the company in a research report on Tuesday, November 12th. Truist Financial raised their target price on BWX Technologies from $95.00 to $106.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft increased their price target on BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, StockNews.com cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $122.43.

About BWX Technologies

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.