BWX Technologies, Inc. (NYSE:BWXT) Shares Acquired by Algert Global LLC

Algert Global LLC boosted its position in BWX Technologies, Inc. (NYSE:BWXT) by 18.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 124,853 shares of the technology company’s stock after purchasing an additional 19,584 shares during the quarter. BWX Technologies comprises approximately 0.4% of Algert Global LLC’s investment portfolio, making the stock its 23rd largest position. Algert Global LLC owned about 0.14% of BWX Technologies worth $11,861,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its stake in BWX Technologies by 105.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 18,239 shares of the technology company’s stock valued at $1,872,000 after purchasing an additional 9,344 shares during the last quarter. Bridges Investment Management Inc. increased its stake in shares of BWX Technologies by 76.3% in the 2nd quarter. Bridges Investment Management Inc. now owns 359,147 shares of the technology company’s stock worth $34,119,000 after acquiring an additional 155,387 shares during the last quarter. Arkfeld Wealth Strategies L.L.C. acquired a new stake in shares of BWX Technologies in the 1st quarter worth $1,144,000. Quantbot Technologies LP acquired a new stake in shares of BWX Technologies in the 1st quarter worth $1,096,000. Finally, Russell Investments Group Ltd. increased its stake in shares of BWX Technologies by 39.9% in the 1st quarter. Russell Investments Group Ltd. now owns 111,757 shares of the technology company’s stock worth $11,469,000 after acquiring an additional 31,845 shares during the last quarter. 94.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

BWX Technologies Stock Performance

NYSE BWXT opened at $108.59 on Friday. The stock 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 current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 1.21. BWX Technologies, Inc. has a twelve month low of $72.14 and a twelve month high of $108.84. The stock has a fifty day simple moving average of $99.60 and a 200-day simple moving average of $96.40.

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

BWX Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors 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 yield of 0.88%. The ex-dividend date was Friday, August 16th. BWX Technologies’s dividend payout ratio (DPR) is 34.66%.

BWX Technologies Company 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.