BWX Technologies, Inc. (NYSE:BWXT) Shares Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC raised its stake in BWX Technologies, Inc. (NYSE:BWXT) by 5.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,163 shares of the technology company’s stock after acquiring an additional 1,950 shares during the period. Sequoia Financial Advisors LLC’s holdings in BWX Technologies were worth $3,931,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Quent Capital LLC boosted its stake in shares of BWX Technologies by 146.6% during the first 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 period. GAMMA Investing LLC lifted its position 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 acquiring an additional 118 shares during the period. UMB Bank n.a. grew its stake in shares of BWX Technologies by 729.0% in the 3rd quarter. UMB Bank n.a. now owns 257 shares of the technology company’s stock valued at $28,000 after purchasing an additional 226 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in shares of BWX Technologies in the third quarter valued at approximately $31,000. Finally, Toth Financial Advisory Corp raised its stake in shares of BWX Technologies by 1,500.0% during the first quarter. Toth Financial Advisory Corp now owns 320 shares of the technology company’s stock worth $33,000 after purchasing an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 94.39% of the company’s stock.

Analysts Set New Price Targets

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

BWX Technologies Price Performance

BWX Technologies stock opened at $122.90 on Thursday. The firm has a market capitalization of $11.23 billion, a PE ratio of 44.37, a P/E/G ratio of 4.25 and a beta of 0.71. BWX Technologies, Inc. has a 52 week low of $72.91 and a 52 week high of $128.00. The firm’s 50-day simple moving average is $107.14 and its 200 day simple moving average is $98.64. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 1.21.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Monday, August 5th. The technology company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.06. BWX Technologies had a return on equity of 31.93% and a net margin of 10.29%. The company had revenue of $681.50 million during the quarter, compared to the consensus estimate of $639.31 million. During the same quarter last year, the business posted $0.65 earnings per share. BWX Technologies’s revenue was up 11.3% compared to the same quarter last year. On average, equities research analysts predict that BWX Technologies, Inc. will post 3.2 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

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