BWX Technologies, Inc. (NYSE:BWXT) Shares Sold by Creative Planning

Creative Planning lowered its position in BWX Technologies, Inc. (NYSE:BWXT) by 6.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,872 shares of the technology company’s stock after selling 452 shares during the quarter. Creative Planning’s holdings in BWX Technologies were worth $747,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in BWXT. AQR Capital Management LLC raised its stake in shares of BWX Technologies by 77.8% in the 2nd quarter. AQR Capital Management LLC now owns 132,263 shares of the technology company’s stock valued at $12,565,000 after purchasing an additional 57,879 shares in the last quarter. Bridges Investment Management Inc. raised 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 valued at $34,119,000 after purchasing an additional 155,387 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of BWX Technologies in the 1st quarter valued at about $1,096,000. Russell Investments Group Ltd. raised 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 valued at $11,469,000 after purchasing an additional 31,845 shares in the last quarter. Finally, Virtu Financial LLC raised its stake in shares of BWX Technologies by 130.8% in the 1st quarter. Virtu Financial LLC now owns 11,914 shares of the technology company’s stock valued at $1,223,000 after purchasing an additional 6,751 shares in the last quarter. Institutional investors and hedge funds own 94.39% of the company’s stock.

BWX Technologies Price Performance

Shares of NYSE:BWXT opened at $122.58 on Monday. 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, Inc. has a fifty-two week low of $74.62 and a fifty-two week high of $128.00. The firm has a 50-day simple moving average of $110.45 and a 200 day simple moving average of $99.99. The company has a market cap of $11.21 billion, a PE ratio of 41.98, a P/E/G ratio of 4.38 and a beta of 0.69.

BWX Technologies (NYSE:BWXT) last posted its earnings results on Monday, August 5th. The technology company reported $0.82 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 firm had revenue of $681.50 million during the quarter, compared to analysts’ expectations of $639.31 million. During the same quarter in the prior year, the firm earned $0.65 EPS. BWX Technologies’s quarterly revenue was up 11.3% on a year-over-year basis. On average, sell-side analysts anticipate that BWX Technologies, Inc. will post 3.2 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. StockNews.com upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Barclays downgraded shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and boosted their price objective for the company from $75.00 to $90.00 in a research report on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of BWX Technologies from $113.00 to $129.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, BWX Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $108.67.

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.