Crossmark Global Holdings Inc. Raises Stake in BWX Technologies, Inc. (NYSE:BWXT)

Crossmark Global Holdings Inc. increased its position in BWX Technologies, Inc. (NYSE:BWXT) by 17.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,605 shares of the technology company’s stock after buying an additional 852 shares during the period. Crossmark Global Holdings Inc.’s holdings in BWX Technologies were worth $609,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Empowered Funds LLC acquired a new position in BWX Technologies in the 1st quarter valued at $234,000. Russell Investments Group Ltd. increased its stake in BWX Technologies by 39.9% in the first quarter. Russell Investments Group Ltd. now owns 111,757 shares of the technology company’s stock valued at $11,469,000 after purchasing an additional 31,845 shares during the last quarter. Avantax Advisory Services Inc. purchased a new position in BWX Technologies during the first quarter worth about $281,000. State Board of Administration of Florida Retirement System lifted its position in BWX Technologies by 4.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 111,694 shares of the technology company’s stock worth $11,462,000 after buying an additional 4,576 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in BWX Technologies by 2.3% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 11,348 shares of the technology company’s stock worth $1,165,000 after buying an additional 251 shares during the last quarter. Hedge funds and other institutional investors own 94.39% of the company’s stock.

Wall Street Analyst Weigh In

BWXT has been the topic of several recent analyst reports. Bank of America increased their price objective on shares of BWX Technologies from $115.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday. Alembic Global Advisors raised shares of BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price target on the stock in a research note on Tuesday. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. StockNews.com downgraded BWX Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Finally, Barclays downgraded BWX Technologies from an “equal weight” rating to an “underweight” rating and boosted their price target for the company from $75.00 to $90.00 in a research report 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 company. Based on data from MarketBeat.com, BWX Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $122.43.

BWX Technologies Stock Down 1.5 %

Shares of NYSE BWXT opened at $126.26 on Friday. The stock has a fifty day moving average price of $115.18 and a 200 day moving average price of $102.03. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. BWX Technologies, Inc. has a 12-month low of $74.69 and a 12-month high of $136.31. The company has a market cap of $11.54 billion, a P/E ratio of 41.81, a P/E/G ratio of 4.82 and a beta of 0.69.

BWX Technologies (NYSE:BWXT) last announced its earnings results on Monday, November 4th. The technology company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.77 by $0.06. The business had revenue of $672.00 million for the quarter, compared to the consensus estimate of $658.84 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The company’s revenue was up 13.9% on a year-over-year basis. During the same period last year, the business posted $0.67 EPS. Research analysts anticipate that BWX Technologies, Inc. will post 3.21 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.76%. BWX Technologies’s payout ratio is currently 31.79%.

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.