Aaron Wealth Advisors LLC Takes Position in BWX Technologies, Inc. (NYSE:BWXT)

Aaron Wealth Advisors LLC purchased a new position in BWX Technologies, Inc. (NYSE:BWXT) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,003 shares of the technology company’s stock, valued at approximately $218,000.

A number of other hedge funds have also bought and sold shares of BWXT. AQR Capital Management LLC raised its holdings in BWX Technologies by 77.8% during the second quarter. AQR Capital Management LLC now owns 132,263 shares of the technology company’s stock worth $12,565,000 after purchasing an additional 57,879 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in BWX Technologies by 105.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 18,239 shares of the technology company’s stock valued at $1,872,000 after acquiring an additional 9,344 shares during the period. Bridges Investment Management Inc. boosted its holdings in BWX Technologies by 76.3% during the second quarter. Bridges Investment Management Inc. now owns 359,147 shares of the technology company’s stock valued at $34,119,000 after acquiring an additional 155,387 shares during the period. Arkfeld Wealth Strategies L.L.C. bought a new stake in shares of BWX Technologies in the first quarter valued at about $1,144,000. Finally, Quantbot Technologies LP bought a new stake in shares of BWX Technologies in the first quarter valued at about $1,096,000. 94.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on BWXT shares. Deutsche Bank Aktiengesellschaft increased their price target on shares of BWX Technologies from $113.00 to $129.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. BTIG Research began coverage on shares of BWX Technologies in a report on Wednesday, June 26th. They issued a “buy” rating and a $110.00 price target for the company. Barclays cut shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and raised their price objective for the company from $75.00 to $90.00 in a research note on Wednesday, July 24th. Janney Montgomery Scott assumed coverage on shares of BWX Technologies in a research note on Thursday, June 27th. They issued a “buy” rating and a $113.00 price objective on the stock. 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 analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, BWX Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $104.86.

BWX Technologies Trading Up 0.9 %

BWXT opened at $126.21 on Monday. BWX Technologies, Inc. has a twelve month low of $72.91 and a twelve month high of $127.10. 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 company has a fifty day moving average of $105.51 and a 200-day moving average of $98.13. The stock has a market cap of $11.54 billion, a PE ratio of 45.56, a price-to-earnings-growth ratio of 4.25 and a beta of 0.71.

BWX Technologies (NYSE:BWXT) last issued its 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 business had revenue of $681.50 million for the quarter, compared to analyst estimates of $639.31 million. During the same period in the prior year, the firm earned $0.65 earnings per share. BWX Technologies’s revenue was up 11.3% on a year-over-year basis. On average, sell-side analysts predict that BWX Technologies, Inc. will post 3.2 EPS for the current year.

BWX Technologies Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.96 dividend on an annualized basis and a yield of 0.76%. BWX Technologies’s dividend payout ratio (DPR) is presently 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.