SG Americas Securities LLC Sells 36,437 Shares of BWX Technologies, Inc. (NYSE:BWXT)

SG Americas Securities LLC lowered its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT) by 94.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 2,172 shares of the technology company’s stock after selling 36,437 shares during the quarter. SG Americas Securities LLC’s holdings in BWX Technologies were worth $236,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of BWXT. GAMMA Investing LLC lifted its holdings 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 buying an additional 118 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of BWX Technologies by 37.2% in 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 during the period. Commonwealth Equity Services LLC lifted its stake in shares of BWX Technologies by 2.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 5,293 shares of the technology company’s stock valued at $503,000 after purchasing an additional 149 shares during the period. XTX Topco Ltd raised its position in BWX Technologies by 7.1% during the second quarter. XTX Topco Ltd now owns 2,237 shares of the technology company’s stock worth $213,000 after acquiring an additional 149 shares during the period. Finally, Quent Capital LLC grew its holdings in shares of BWX Technologies by 146.6% during the first 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. Institutional investors own 94.39% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on BWXT shares. Deutsche Bank Aktiengesellschaft upped their price objective on shares of BWX Technologies from $113.00 to $129.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Barclays lowered shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and upped their price objective for the stock from $75.00 to $90.00 in a report on Wednesday, July 24th. BTIG Research initiated coverage on shares of BWX Technologies in a research report on Wednesday, June 26th. They set a “buy” rating and a $110.00 price objective for the company. Janney Montgomery Scott began coverage on BWX Technologies in a research report on Thursday, June 27th. They issued a “buy” rating and a $113.00 target price on the stock. Finally, StockNews.com upgraded BWX Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $104.86.

BWX Technologies Stock Performance

NYSE:BWXT opened at $126.75 on Tuesday. The company has a fifty day simple moving average of $106.10 and a two-hundred day simple moving average of $98.31. The company has a market cap of $11.59 billion, a price-to-earnings ratio of 45.76, a price-to-earnings-growth ratio of 4.25 and a beta of 0.71. BWX Technologies, Inc. has a 52 week low of $72.91 and a 52 week high of $128.00. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 1.21.

BWX Technologies (NYSE:BWXT) last issued its earnings results on Monday, August 5th. The technology company reported $0.82 EPS for the quarter, topping 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 net margin of 10.29% and a return on equity of 31.93%. The company’s revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.65 earnings per share. As a group, equities analysts anticipate that BWX Technologies, Inc. will post 3.2 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Friday, August 16th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.96 annualized dividend and a yield of 0.76%. BWX Technologies’s dividend payout ratio is presently 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.