Blue Trust Inc. Acquires 367 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Blue Trust Inc. grew its holdings in BWX Technologies, Inc. (NYSE:BWXT) by 82.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 813 shares of the technology company’s stock after acquiring an additional 367 shares during the period. Blue Trust Inc.’s holdings in BWX Technologies were worth $88,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Aaron Wealth Advisors LLC acquired a new stake in shares of BWX Technologies in the third quarter valued at about $218,000. V Square Quantitative Management LLC bought a new stake in BWX Technologies during the 3rd quarter valued at approximately $31,000. Compass Wealth Management LLC acquired a new stake in BWX Technologies in the 3rd quarter valued at approximately $3,456,000. Bbjs Financial Advisors LLC increased its position in BWX Technologies by 12,305.7% in the 3rd quarter. Bbjs Financial Advisors LLC now owns 26,052 shares of the technology company’s stock worth $2,832,000 after buying an additional 25,842 shares during the period. Finally, Arkfeld Wealth Strategies L.L.C. lifted its holdings in shares of BWX Technologies by 1.3% during the third quarter. Arkfeld Wealth Strategies L.L.C. now owns 17,731 shares of the technology company’s stock worth $2,087,000 after buying an additional 226 shares during the last quarter. Institutional investors and hedge funds own 94.39% of the company’s stock.

BWX Technologies Stock Performance

Shares of NYSE BWXT opened at $125.52 on Wednesday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.23 and a current ratio of 2.23. The stock has a 50 day moving average price of $109.13 and a 200 day moving average price of $99.41. The stock has a market capitalization of $11.47 billion, a PE ratio of 45.31, 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.

BWX Technologies (NYSE:BWXT) last posted its quarterly 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. 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 quarter last year, the company posted $0.65 earnings per share. BWX Technologies’s quarterly revenue was up 11.3% on a year-over-year basis. Analysts predict that BWX Technologies, Inc. will post 3.2 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Friday, August 16th were paid a $0.24 dividend. The ex-dividend date was Friday, August 16th. This represents a $0.96 annualized dividend and a yield of 0.76%. BWX Technologies’s dividend payout ratio (DPR) is presently 34.66%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. StockNews.com upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Barclays lowered BWX Technologies from an “equal weight” rating to an “underweight” rating and boosted their price target for the company from $75.00 to $90.00 in a research note on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on BWX Technologies from $113.00 to $129.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $104.86.

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.