Toth Financial Advisory Corp Boosts Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Toth Financial Advisory Corp lifted its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT) by 1,156.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,020 shares of the technology company’s stock after purchasing an additional 3,700 shares during the period. Toth Financial Advisory Corp’s holdings in BWX Technologies were worth $437,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its stake in shares of BWX Technologies by 77.6% during the first quarter. GAMMA Investing LLC now owns 270 shares of the technology company’s stock valued at $28,000 after buying an additional 118 shares during the last quarter. Blue Trust Inc. grew its position 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 acquiring an additional 121 shares during the last quarter. Valeo Financial Advisors LLC increased its stake in BWX Technologies by 4.3% in the 3rd quarter. Valeo Financial Advisors LLC now owns 3,539 shares of the technology company’s stock worth $385,000 after purchasing an additional 145 shares during the period. Commonwealth Equity Services LLC lifted its position in BWX Technologies by 2.9% in the second 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 last quarter. Finally, XTX Topco Ltd grew its holdings in shares of BWX Technologies by 7.1% in the second 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 last quarter. Hedge funds and other institutional investors own 94.39% of the company’s stock.

Analyst Ratings Changes

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

BWX Technologies Stock Up 0.4 %

Shares of BWX Technologies stock opened at $126.75 on Tuesday. BWX Technologies, Inc. has a 1 year low of $72.91 and a 1 year high of $128.00. 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 50-day moving average of $106.10 and a 200 day moving average of $98.31. The firm has a market cap of $11.59 billion, a price-to-earnings ratio of 45.76, a PEG ratio of 4.25 and a beta of 0.71.

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

BWX Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.76%. BWX Technologies’s dividend payout ratio is currently 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.