BWX Technologies, Inc. (NYSE:BWXT) Stake Increased by Advisors Asset Management Inc.

Advisors Asset Management Inc. boosted its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT) by 10.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,673 shares of the technology company’s stock after acquiring an additional 637 shares during the quarter. Advisors Asset Management Inc.’s holdings in BWX Technologies were worth $725,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of BWXT. Thrivent Financial for Lutherans grew its holdings in shares of BWX Technologies by 1,121.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 578,068 shares of the technology company’s stock valued at $54,916,000 after acquiring an additional 530,749 shares in the last quarter. Van ECK Associates Corp boosted its position in BWX Technologies by 49.7% during the third quarter. Van ECK Associates Corp now owns 960,269 shares of the technology company’s stock worth $104,381,000 after purchasing an additional 318,598 shares during the period. Sapient Capital LLC acquired a new position in BWX Technologies during the second quarter valued at approximately $29,408,000. American Century Companies Inc. raised its position in shares of BWX Technologies by 37.9% in the second quarter. American Century Companies Inc. now owns 738,542 shares of the technology company’s stock valued at $70,161,000 after purchasing an additional 203,067 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of BWX Technologies by 12.7% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,707,832 shares of the technology company’s stock worth $162,244,000 after buying an additional 192,042 shares during the last quarter. Hedge funds and other institutional investors own 94.39% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on BWXT. Bank of America raised their target price on shares of BWX Technologies from $115.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft raised their price target on BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. StockNews.com cut BWX Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Truist Financial increased their target price on BWX Technologies from $95.00 to $106.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Finally, Alembic Global Advisors upgraded BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price target for the company in a report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $122.43.

BWX Technologies Stock Performance

Shares of NYSE BWXT opened at $132.35 on Wednesday. BWX Technologies, Inc. has a one year low of $74.69 and a one year high of $136.31. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. The business has a fifty day simple moving average of $119.17 and a 200 day simple moving average of $103.72. The firm has a market capitalization of $12.10 billion, a price-to-earnings ratio of 43.82, a PEG ratio of 4.45 and a beta of 0.69.

BWX Technologies (NYSE:BWXT) last issued its earnings results on Monday, November 4th. The technology company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.06. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The business had revenue of $672.00 million during the quarter, compared to analysts’ expectations of $658.84 million. During the same period in the prior year, the firm posted $0.67 EPS. BWX Technologies’s quarterly revenue was up 13.9% compared to the same quarter last year. Sell-side analysts expect that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.73%. The ex-dividend date is Tuesday, November 19th. BWX Technologies’s payout ratio is currently 31.79%.

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.