BWX Technologies, Inc. (NYSE:BWXT) Position Cut by Profund Advisors LLC

Profund Advisors LLC trimmed its holdings in BWX Technologies, Inc. (NYSE:BWXT) by 26.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,650 shares of the technology company’s stock after selling 967 shares during the quarter. Profund Advisors LLC’s holdings in BWX Technologies were worth $252,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quent Capital LLC grew its holdings in BWX Technologies by 146.6% in the 1st quarter. Quent Capital LLC now owns 254 shares of the technology company’s stock worth $26,000 after buying an additional 151 shares in the last quarter. GAMMA Investing LLC boosted its stake in 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 purchasing an additional 118 shares in the last quarter. Toth Financial Advisory Corp boosted its stake in 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 purchasing an additional 300 shares in the last quarter. Blue Trust Inc. boosted 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 valued at $46,000 after purchasing an additional 121 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new position in BWX Technologies during the 2nd quarter valued at $45,000. 94.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Janney Montgomery Scott assumed coverage on BWX Technologies in a research note on Thursday, June 27th. They set a “buy” rating and a $113.00 price target for the company. BTIG Research assumed coverage on BWX Technologies in a research note on Wednesday, June 26th. They set a “buy” rating and a $110.00 price target for the company. Barclays lowered BWX Technologies from an “equal weight” rating to an “underweight” rating and increased their price target for the company from $75.00 to $90.00 in a research note on Wednesday, July 24th. CLSA assumed coverage on BWX Technologies in a research note on Monday, June 3rd. They set a “buy” rating for the company. Finally, StockNews.com raised BWX Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. One research 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 MarketBeat.com, BWX Technologies has an average rating of “Moderate Buy” and an average target price of $102.57.

BWX Technologies Stock Performance

BWXT opened at $108.59 on Friday. The firm has a market cap of $9.93 billion, a PE ratio of 39.20, a P/E/G ratio of 3.84 and a beta of 0.71. 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 business has a fifty day simple moving average of $99.60 and a 200-day simple moving average of $96.40. BWX Technologies, Inc. has a fifty-two week low of $72.14 and a fifty-two week high of $108.84.

BWX Technologies (NYSE:BWXT) last released its 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 company had revenue of $681.50 million during the quarter, compared to analyst estimates 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 in the prior year, the company earned $0.65 earnings per share. As a group, equities analysts predict that BWX Technologies, Inc. will post 3.2 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Friday, August 16th were issued a $0.24 dividend. The ex-dividend date was Friday, August 16th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.88%. BWX Technologies’s payout ratio is currently 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.