Thrivent Financial for Lutherans Has $54.92 Million Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Thrivent Financial for Lutherans lifted its holdings in BWX Technologies, Inc. (NYSE:BWXT) by 1,121.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 578,068 shares of the technology company’s stock after purchasing an additional 530,749 shares during the period. Thrivent Financial for Lutherans’ holdings in BWX Technologies were worth $54,916,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Quent Capital LLC boosted its holdings in BWX Technologies by 146.6% during the first quarter. Quent Capital LLC now owns 254 shares of the technology company’s stock valued at $26,000 after acquiring an additional 151 shares during the period. GAMMA Investing LLC boosted its holdings in BWX Technologies by 77.6% during the first quarter. GAMMA Investing LLC now owns 270 shares of the technology company’s stock valued at $28,000 after acquiring an additional 118 shares during the period. Toth Financial Advisory Corp boosted its holdings in BWX Technologies by 1,500.0% during the first quarter. Toth Financial Advisory Corp now owns 320 shares of the technology company’s stock valued at $33,000 after acquiring an additional 300 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in BWX Technologies during the second quarter valued at about $45,000. Finally, Blue Trust Inc. boosted its holdings in BWX Technologies by 37.2% during the second quarter. Blue Trust Inc. now owns 446 shares of the technology company’s stock valued at $46,000 after acquiring an additional 121 shares during the period. Institutional investors and hedge funds own 94.39% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on BWXT shares. BTIG Research started coverage on shares of BWX Technologies in a report on Wednesday, June 26th. They set a “buy” rating and a $110.00 price target for the company. Deutsche Bank Aktiengesellschaft upped their price objective on shares of BWX Technologies from $112.00 to $113.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. CLSA began coverage on shares of BWX Technologies in a research report on Monday, June 3rd. They set a “buy” rating for the company. Barclays lowered shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and upped their price objective for the company from $75.00 to $90.00 in a research report on Wednesday, July 24th. Finally, StockNews.com raised shares of BWX Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $102.57.

BWX Technologies Stock Performance

NYSE:BWXT opened at $102.84 on Monday. BWX Technologies, Inc. has a 12-month low of $72.14 and a 12-month high of $107.18. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $9.40 billion, a PE ratio of 37.13, a price-to-earnings-growth ratio of 3.51 and a beta of 0.71. The firm has a 50-day moving average price of $99.13 and a 200 day moving average price of $96.22.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings results on Monday, August 5th. The technology company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.06. BWX Technologies had a net margin of 10.29% and a return on equity of 31.93%. The firm had revenue of $681.50 million during the quarter, compared to analyst estimates of $639.31 million. During the same quarter in the prior year, the business posted $0.65 earnings per share. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. Research analysts anticipate that BWX Technologies, Inc. will post 3.2 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Friday, August 16th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend was Friday, August 16th. BWX Technologies’s dividend payout ratio (DPR) is presently 34.66%.

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.