Benjamin F. Edwards & Company Inc. Sells 131 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Benjamin F. Edwards & Company Inc. trimmed its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 31.6% in the second quarter, HoldingsChannel.com reports. The fund owned 284 shares of the technology company’s stock after selling 131 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in BWX Technologies were worth $27,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Quent Capital LLC lifted its position in shares of BWX Technologies by 146.6% during the 1st 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 lifted its position in shares of BWX Technologies by 77.6% during the 1st 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 lifted its position in shares of BWX Technologies by 1,500.0% during the 1st 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. Blue Trust Inc. lifted its position in shares of BWX Technologies by 37.2% during the 2nd 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. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of BWX Technologies during the 2nd quarter valued at $45,000. 94.39% of the stock is currently owned by institutional investors.

BWX Technologies Price Performance

BWX Technologies stock opened at $108.59 on Friday. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $9.93 billion, a PE ratio of 39.20, a P/E/G ratio of 3.84 and a beta of 0.71. BWX Technologies, Inc. has a 12 month low of $72.14 and a 12 month high of $108.84. The stock has a 50-day moving average price of $99.60 and a two-hundred day moving average price of $96.40.

BWX Technologies (NYSE:BWXT) last posted its earnings results on Monday, August 5th. The technology company reported $0.82 EPS for the quarter, beating the consensus estimate 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 business’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period last year, the company earned $0.65 earnings per share. Analysts expect that BWX Technologies, Inc. will post 3.2 EPS for the current year.

BWX Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Friday, August 16th were given a $0.24 dividend. The ex-dividend date was Friday, August 16th. This represents a $0.96 annualized dividend and a yield of 0.88%. BWX Technologies’s dividend payout ratio is presently 34.66%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on BWXT shares. Barclays downgraded BWX Technologies from an “equal weight” rating to an “underweight” rating and upped their target price for the company from $75.00 to $90.00 in a research report on Wednesday, July 24th. Janney Montgomery Scott assumed coverage on BWX Technologies in a research report on Thursday, June 27th. They set a “buy” rating and a $113.00 price objective for the company. BTIG Research assumed coverage on BWX Technologies in a research report on Wednesday, June 26th. They set a “buy” rating and a $110.00 price objective for the company. Deutsche Bank Aktiengesellschaft upped their price objective on BWX Technologies from $112.00 to $113.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Finally, CLSA assumed coverage on BWX Technologies in a research report on Monday, June 3rd. They set a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $102.57.

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.