Truist Financial Corp Purchases 262 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Truist Financial Corp lifted its stake in BWX Technologies, Inc. (NYSE:BWXT) by 3.3% during the 2nd quarter, Holdings Channel reports. The firm owned 8,250 shares of the technology company’s stock after acquiring an additional 262 shares during the period. Truist Financial Corp’s holdings in BWX Technologies were worth $784,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC raised its holdings in BWX Technologies by 77.6% during the 1st quarter. GAMMA Investing LLC now owns 270 shares of the technology company’s stock worth $28,000 after buying an additional 118 shares during the period. Blue Trust Inc. increased its holdings 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 raised its stake in shares of BWX Technologies by 2.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 5,293 shares of the technology company’s stock valued at $503,000 after purchasing an additional 149 shares during the period. XTX Topco Ltd lifted its stake in BWX Technologies by 7.1% in the 2nd quarter. XTX Topco Ltd now owns 2,237 shares of the technology company’s stock valued at $213,000 after acquiring an additional 149 shares in the last quarter. Finally, Quent Capital LLC boosted its stake in shares of BWX Technologies by 146.6% during the 1st 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. 94.39% of the stock is currently owned by institutional investors and hedge funds.

BWX Technologies Stock Up 1.7 %

BWXT stock opened at $119.37 on Tuesday. The business’s 50-day moving average is $103.27 and its two-hundred day moving average is $97.50. BWX Technologies, Inc. has a fifty-two week low of $72.91 and a fifty-two week high of $119.53. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.23 and a current ratio of 2.23. The company has a market cap of $10.91 billion, a price-to-earnings ratio of 43.09, a P/E/G ratio of 4.25 and a beta of 0.71.

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

BWX Technologies Announces Dividend

The company 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. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.96 annualized dividend and a yield of 0.80%. BWX Technologies’s dividend payout ratio (DPR) is currently 34.66%.

Analyst Upgrades and Downgrades

BWXT has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. BTIG Research assumed coverage on shares of BWX Technologies in a research note on Wednesday, June 26th. They issued a “buy” rating and a $110.00 price objective on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on BWX Technologies from $113.00 to $129.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Barclays downgraded BWX Technologies from an “equal weight” rating to an “underweight” rating and increased their target price for the company from $75.00 to $90.00 in a research report on Wednesday, July 24th. Finally, Janney Montgomery Scott began coverage on BWX Technologies in a research report on Thursday, June 27th. They set a “buy” rating and a $113.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, BWX Technologies currently has an average rating of “Moderate Buy” and an average target price of $104.86.

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.