Squarepoint Ops LLC Sells 27,825 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Squarepoint Ops LLC lowered its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 10.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 237,500 shares of the technology company’s stock after selling 27,825 shares during the quarter. Squarepoint Ops LLC owned about 0.26% of BWX Technologies worth $22,562,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Quent Capital LLC lifted 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 during the last quarter. GAMMA Investing LLC boosted its position in shares of BWX Technologies by 77.6% in the first quarter. GAMMA Investing LLC now owns 270 shares of the technology company’s stock valued at $28,000 after acquiring an additional 118 shares during the period. Toth Financial Advisory Corp boosted its position in shares of BWX Technologies by 1,500.0% in the first 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 period. Blue Trust Inc. boosted its position in shares of BWX Technologies by 37.2% in the second quarter. Blue Trust Inc. now owns 446 shares of the technology company’s stock valued at $46,000 after acquiring an additional 121 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of BWX Technologies in the second quarter valued at approximately $45,000. Institutional investors own 94.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on BWXT shares. BTIG Research started coverage on BWX Technologies in a research report on Wednesday, June 26th. They issued a “buy” rating and a $110.00 price objective for the company. Janney Montgomery Scott started coverage on BWX Technologies in a research report on Thursday, June 27th. They issued a “buy” rating and a $113.00 price objective for the company. Barclays cut BWX Technologies from an “equal weight” rating to an “underweight” rating and increased their price objective for the company from $75.00 to $90.00 in a research report on Wednesday, July 24th. StockNews.com raised BWX Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on BWX Technologies from $112.00 to $113.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. One investment 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 MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $102.57.

BWX Technologies Stock Up 1.0 %

Shares of NYSE BWXT opened at $107.31 on Friday. The stock has a market cap of $9.81 billion, a PE ratio of 38.74, a PEG ratio of 3.84 and a beta of 0.71. The business has a fifty day moving average of $99.46 and a two-hundred day moving average of $96.39. BWX Technologies, Inc. has a 52-week low of $72.14 and a 52-week high of $108.25. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.23 and a current ratio of 2.23.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings data on Monday, August 5th. The technology company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.06. The company had revenue of $681.50 million during the quarter, compared to analysts’ expectations of $639.31 million. BWX Technologies had a return on equity of 31.93% and a net margin of 10.29%. The business’s revenue was up 11.3% on a year-over-year basis. During the same period last year, the business earned $0.65 earnings per share. As a group, equities research analysts expect that BWX Technologies, Inc. will post 3.2 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.89%. BWX Technologies’s payout ratio is presently 34.66%.

About BWX Technologies

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.