Select Equity Group L.P. Buys 158,830 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Select Equity Group L.P. lifted its position in BWX Technologies, Inc. (NYSE:BWXT) by 28.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 718,198 shares of the technology company’s stock after acquiring an additional 158,830 shares during the quarter. Select Equity Group L.P.’s holdings in BWX Technologies were worth $68,229,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Quent Capital LLC raised its stake in BWX Technologies by 146.6% during the first quarter. Quent Capital LLC now owns 254 shares of the technology company’s stock valued at $26,000 after purchasing an additional 151 shares in the last quarter. GAMMA Investing LLC raised its position in shares of 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. Toth Financial Advisory Corp lifted its holdings in shares of BWX Technologies by 1,500.0% in the 1st quarter. Toth Financial Advisory Corp now owns 320 shares of the technology company’s stock valued at $33,000 after acquiring an additional 300 shares during the last quarter. Blue Trust Inc. grew its position in BWX Technologies by 37.2% in the second quarter. Blue Trust Inc. now owns 446 shares of the technology company’s stock worth $46,000 after acquiring an additional 121 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new position in BWX Technologies in the second quarter worth about $45,000. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on BWXT shares. Deutsche Bank Aktiengesellschaft raised their price objective on BWX Technologies from $112.00 to $113.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. CLSA started coverage on BWX Technologies in a research report on Monday, June 3rd. They issued a “buy” rating for the company. Barclays cut 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. Janney Montgomery Scott assumed coverage on shares of BWX Technologies in a report on Thursday, June 27th. They issued a “buy” rating and a $113.00 target price for the company. Finally, BTIG Research started coverage on shares of BWX Technologies in a research note on Wednesday, June 26th. They set a “buy” rating and a $110.00 price target for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, BWX Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $102.57.

BWX Technologies Trading Up 1.0 %

BWXT stock opened at $107.31 on Friday. BWX Technologies, Inc. has a 12 month low of $72.14 and a 12 month high of $108.25. The firm’s 50-day moving average is $99.46 and its 200 day moving average is $96.39. The company has a market capitalization of $9.81 billion, a PE ratio of 38.74, a P/E/G ratio of 3.84 and a beta of 0.71. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.23 and a quick ratio of 2.23.

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. 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 last year, the company posted $0.65 earnings per share. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. On average, research analysts anticipate that BWX Technologies, Inc. will post 3.2 EPS for the current year.

BWX Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Friday, August 16th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend was Friday, August 16th. BWX Technologies’s payout ratio 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.