Indie Asset Partners LLC Trims Stake in BWX Technologies, Inc. (NYSE:BWXT)

Indie Asset Partners LLC cut its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT) by 3.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,491 shares of the technology company’s stock after selling 96 shares during the quarter. Indie Asset Partners LLC’s holdings in BWX Technologies were worth $271,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. lifted its stake in BWX Technologies by 37.2% during the second 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. Valeo Financial Advisors LLC lifted its stake in BWX Technologies by 4.3% during the 3rd quarter. Valeo Financial Advisors LLC now owns 3,539 shares of the technology company’s stock worth $385,000 after acquiring an additional 145 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake 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 acquiring an additional 149 shares in the last quarter. XTX Topco Ltd grew its position 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 grew its position in BWX Technologies by 146.6% in the 1st quarter. Quent Capital LLC now owns 254 shares of the technology company’s stock valued at $26,000 after acquiring an additional 151 shares in the last quarter. 94.39% of the stock is owned by institutional investors and hedge funds.

BWX Technologies Price Performance

BWX Technologies stock opened at $122.58 on Friday. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 1.21. The company has a fifty day simple moving average of $110.45 and a 200-day simple moving average of $99.99. The stock has a market cap of $11.20 billion, a P/E ratio of 41.98, a price-to-earnings-growth ratio of 4.49 and a beta of 0.71. BWX Technologies, Inc. has a 12-month low of $74.62 and a 12-month high of $128.00.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings data on Monday, August 5th. The technology company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.06. The business 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 quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.65 EPS. Equities analysts expect that BWX Technologies, Inc. will post 3.2 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Friday, August 16th were given a dividend of $0.24 per share. The ex-dividend date was Friday, August 16th. This represents a $0.96 annualized dividend and a dividend yield of 0.78%. BWX Technologies’s dividend payout ratio is presently 32.88%.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. StockNews.com raised shares of BWX Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Barclays cut shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and raised their price target for the company from $75.00 to $90.00 in a research report on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on BWX Technologies from $113.00 to $129.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.