BWX Technologies, Inc. (NYSE:BWXT) Stake Raised by Sei Investments Co.

Sei Investments Co. grew its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT) by 8.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 137,499 shares of the technology company’s stock after purchasing an additional 10,977 shares during the period. Sei Investments Co.’s holdings in BWX Technologies were worth $13,067,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC grew its position in BWX Technologies by 105.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 18,239 shares of the technology company’s stock worth $1,872,000 after buying an additional 9,344 shares during the last quarter. Bridges Investment Management Inc. raised its position in shares of BWX Technologies by 76.3% during the second quarter. Bridges Investment Management Inc. now owns 359,147 shares of the technology company’s stock worth $34,119,000 after purchasing an additional 155,387 shares during the period. Arkfeld Wealth Strategies L.L.C. purchased a new stake in shares of BWX Technologies during the first quarter valued at $1,144,000. Quantbot Technologies LP acquired a new position in shares of BWX Technologies in the 1st quarter valued at $1,096,000. Finally, Russell Investments Group Ltd. increased its stake in BWX Technologies by 39.9% in the 1st quarter. Russell Investments Group Ltd. now owns 111,757 shares of the technology company’s stock worth $11,469,000 after purchasing an additional 31,845 shares in 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 $108.59 on Friday. BWX Technologies, Inc. has a one year low of $72.14 and a one year high of $108.84. The business’s 50-day moving average price is $99.60 and its two-hundred day moving average price is $96.44. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.23 and a quick ratio of 2.23. The company has a market capitalization of $9.93 billion, a P/E ratio of 39.20, a price-to-earnings-growth ratio of 3.84 and a beta of 0.71.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $639.31 million. BWX Technologies had a return on equity of 31.93% and a net margin of 10.29%. The firm’s revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.65 earnings per share. Analysts anticipate that BWX Technologies, Inc. will post 3.2 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Friday, August 16th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend was Friday, August 16th. BWX Technologies’s payout ratio is presently 34.66%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. CLSA began coverage on shares of BWX Technologies in a research note on Monday, June 3rd. They set a “buy” rating for the company. StockNews.com raised shares of BWX Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Janney Montgomery Scott assumed coverage on BWX Technologies in a report on Thursday, June 27th. They issued a “buy” rating and a $113.00 target price for the company. BTIG Research assumed coverage on BWX Technologies in a research report on Wednesday, June 26th. They set a “buy” rating and a $110.00 price target on the stock. Finally, Barclays lowered BWX Technologies from an “equal weight” rating to an “underweight” rating and raised their price objective for the stock from $75.00 to $90.00 in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, BWX Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $102.57.

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.