Vanguard Personalized Indexing Management LLC Sells 810 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Vanguard Personalized Indexing Management LLC lowered its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 12.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,818 shares of the technology company’s stock after selling 810 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in BWX Technologies were worth $553,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of BWXT. L & S Advisors Inc increased its position in BWX Technologies by 22.9% in the second quarter. L & S Advisors Inc now owns 29,669 shares of the technology company’s stock worth $2,819,000 after buying an additional 5,522 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of BWX Technologies by 1,284.0% during the 2nd quarter. Renaissance Technologies LLC now owns 69,200 shares of the technology company’s stock worth $6,574,000 after acquiring an additional 64,200 shares during the period. Dimensional Fund Advisors LP increased its holdings in BWX Technologies by 6.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,343,076 shares of the technology company’s stock worth $127,593,000 after acquiring an additional 77,237 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in BWX Technologies in the 2nd quarter worth about $409,000. Finally, Spectrum Wealth Counsel LLC bought a new stake in BWX Technologies in the 2nd quarter valued at about $52,000. Institutional investors own 94.39% of the company’s stock.

Analyst Ratings Changes

BWXT has been the subject of a number of research reports. StockNews.com upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Barclays downgraded shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and raised their price objective for the stock from $75.00 to $90.00 in a report on Wednesday, July 24th. Janney Montgomery Scott assumed coverage on shares of BWX Technologies in a report on Thursday, June 27th. They set a “buy” rating and a $113.00 target price on the stock. CLSA began coverage on BWX Technologies in a report on Monday, June 3rd. They issued a “buy” rating for the company. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on BWX Technologies from $112.00 to $113.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. One equities 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 company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $102.57.

BWX Technologies Trading Up 1.0 %

Shares of BWXT stock opened at $107.31 on Friday. The company has a market capitalization of $9.81 billion, a PE ratio of 38.74, a price-to-earnings-growth ratio of 3.84 and a beta of 0.71. BWX Technologies, Inc. has a 52-week low of $72.14 and a 52-week high of $108.25. The business’s fifty day moving average is $99.46 and its 200 day moving average is $96.39. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.23 and a current ratio of 2.23.

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

BWX Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Friday, August 16th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend was Friday, August 16th. BWX Technologies’s dividend payout ratio is currently 34.66%.

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.