Xponance Inc. Cuts Stock Position in BWX Technologies, Inc. (NYSE:BWXT)

Xponance Inc. decreased its holdings in BWX Technologies, Inc. (NYSE:BWXT) by 4.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 11,724 shares of the technology company’s stock after selling 598 shares during the quarter. Xponance Inc.’s holdings in BWX Technologies were worth $1,114,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. GAMMA Investing LLC grew its stake 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 worth $28,000 after acquiring an additional 118 shares in the last quarter. Blue Trust Inc. grew its stake in BWX Technologies by 37.2% during the 2nd quarter. Blue Trust Inc. now owns 446 shares of the technology company’s stock worth $46,000 after purchasing an additional 121 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in BWX Technologies by 2.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 5,293 shares of the technology company’s stock worth $503,000 after purchasing an additional 149 shares during the period. XTX Topco Ltd increased its holdings in BWX Technologies by 7.1% during the 2nd quarter. XTX Topco Ltd now owns 2,237 shares of the technology company’s stock worth $213,000 after purchasing an additional 149 shares during the period. Finally, Stephens Inc. AR raised its position in BWX Technologies by 0.9% in the 4th quarter. Stephens Inc. AR now owns 16,286 shares of the technology company’s stock valued at $1,250,000 after purchasing an additional 151 shares in the last quarter. Institutional investors and hedge funds own 94.39% of the company’s stock.

Wall Street Analysts Forecast Growth

BWXT has been the topic of a number of recent research reports. BTIG Research assumed coverage on shares of BWX Technologies in a research note on Wednesday, June 26th. They set a “buy” rating and a $110.00 target price on the stock. Barclays downgraded shares of 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. CLSA initiated coverage on shares of BWX Technologies in a research report on Monday, June 3rd. They set a “buy” rating for the company. Janney Montgomery Scott initiated coverage on BWX Technologies in a report on Thursday, June 27th. They issued a “buy” rating and a $113.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft raised their price target on BWX Technologies from $112.00 to $113.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $102.57.

BWX Technologies Price Performance

Shares of BWXT opened at $108.59 on Friday. 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, Inc. has a 1-year low of $72.14 and a 1-year high of $108.84. The stock has a market cap of $9.93 billion, a PE ratio of 39.20, a price-to-earnings-growth ratio of 3.84 and a beta of 0.71. The firm has a fifty day moving average price of $99.60 and a 200 day moving average price of $96.44.

BWX Technologies (NYSE:BWXT) last posted its earnings results on Monday, August 5th. The technology company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.06. The business had revenue of $681.50 million during 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 business’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.65 EPS. As a group, sell-side analysts anticipate that BWX Technologies, Inc. will post 3.2 EPS for the current year.

BWX Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Friday, August 16th were issued a $0.24 dividend. 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 0.88%. BWX Technologies’s payout ratio is 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.