BWX Technologies, Inc. (NYSE:BWXT) Shares Sold by GAM Holding AG

GAM Holding AG cut its position in BWX Technologies, Inc. (NYSE:BWXT) by 1.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,055 shares of the technology company’s stock after selling 186 shares during the period. GAM Holding AG’s holdings in BWX Technologies were worth $2,071,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Quent Capital LLC boosted its stake in shares of BWX Technologies by 146.6% in the first quarter. Quent Capital LLC now owns 254 shares of the technology company’s stock worth $26,000 after acquiring an additional 151 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of BWX Technologies by 729.0% in the third quarter. UMB Bank n.a. now owns 257 shares of the technology company’s stock worth $28,000 after acquiring an additional 226 shares during the last quarter. GAMMA Investing LLC boosted 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 during the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of BWX Technologies in the third quarter worth approximately $31,000. Finally, Toth Financial Advisory Corp boosted its stake in shares of BWX Technologies by 1,500.0% in the first quarter. Toth Financial Advisory Corp now owns 320 shares of the technology company’s stock worth $33,000 after acquiring an additional 300 shares during the last quarter. 94.39% of the stock is owned by institutional investors and hedge funds.

BWX Technologies Price Performance

NYSE:BWXT opened at $123.66 on Wednesday. BWX Technologies, Inc. has a 52 week low of $72.91 and a 52 week high of $128.00. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $11.30 billion, a P/E ratio of 44.64, a P/E/G ratio of 4.25 and a beta of 0.71. The stock’s fifty day moving average is $106.62 and its two-hundred day moving average is $98.47.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings data 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 for 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 company’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.65 EPS. Equities analysts expect that BWX Technologies, Inc. will post 3.2 EPS for the current year.

BWX Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Friday, August 16th were issued a $0.24 dividend. 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 34.66%.

Wall Street Analysts Forecast Growth

BWXT has been the topic of a number of recent research reports. BTIG Research initiated coverage on BWX Technologies in a research note on Wednesday, June 26th. They set a “buy” rating and a $110.00 price objective on the stock. StockNews.com raised BWX Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Janney Montgomery Scott initiated coverage on BWX Technologies in a research note on Thursday, June 27th. They set a “buy” rating and a $113.00 price objective on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on BWX Technologies from $113.00 to $129.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Finally, Barclays lowered BWX Technologies from an “equal weight” rating to an “underweight” rating and boosted their price objective for the stock from $75.00 to $90.00 in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.86.

BWX Technologies 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.