3,274 Shares in BWX Technologies, Inc. (NYSE:BWXT) Acquired by Fulcrum Equity Management

Fulcrum Equity Management acquired a new position in BWX Technologies, Inc. (NYSE:BWXT) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,274 shares of the technology company’s stock, valued at approximately $234,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Cetera Investment Advisers lifted its stake in shares of BWX Technologies by 2.1% in the first quarter. Cetera Investment Advisers now owns 7,907 shares of the technology company’s stock worth $498,000 after acquiring an additional 165 shares during the period. Avestar Capital LLC lifted its stake in BWX Technologies by 3.6% in the first quarter. Avestar Capital LLC now owns 5,396 shares of the technology company’s stock valued at $340,000 after buying an additional 186 shares during the period. Truist Financial Corp lifted its stake in BWX Technologies by 3.1% in the fourth quarter. Truist Financial Corp now owns 6,177 shares of the technology company’s stock valued at $359,000 after buying an additional 188 shares during the period. Blair William & Co. IL lifted its stake in BWX Technologies by 0.5% in the fourth quarter. Blair William & Co. IL now owns 41,489 shares of the technology company’s stock valued at $2,410,000 after buying an additional 198 shares during the period. Finally, Prudential Financial Inc. lifted its stake in BWX Technologies by 4.5% in the second quarter. Prudential Financial Inc. now owns 5,437 shares of the technology company’s stock valued at $291,000 after buying an additional 234 shares during the period. 96.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BWXT has been the topic of several recent analyst reports. Truist Financial boosted their price target on BWX Technologies from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Monday, August 14th. Robert W. Baird raised BWX Technologies from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $61.00 to $85.00 in a research note on Friday, August 4th. StockNews.com began coverage on BWX Technologies in a report on Thursday, August 17th. They set a “hold” rating for the company. Bank of America boosted their price objective on BWX Technologies from $75.00 to $80.00 and gave the company a “buy” rating in a report on Monday, August 7th. Finally, Maxim Group boosted their price objective on BWX Technologies from $75.00 to $85.00 and gave the company a “buy” rating in a report on Monday, August 7th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, BWX Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $79.17.

BWX Technologies Trading Down 0.3 %

NYSE BWXT opened at $74.14 on Friday. The business has a 50 day moving average price of $71.82 and a 200-day moving average price of $67.15. BWX Technologies, Inc. has a 52 week low of $49.13 and a 52 week high of $76.26. The company has a market cap of $6.78 billion, a price-to-earnings ratio of 30.34, a P/E/G ratio of 4.10 and a beta of 0.84. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 1.58.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.06. BWX Technologies had a return on equity of 35.25% and a net margin of 9.63%. The business had revenue of $612.40 million during the quarter, compared to the consensus estimate of $558.25 million. During the same quarter in the prior year, the company posted $0.82 earnings per share. BWX Technologies’s revenue was up 10.5% compared to the same quarter last year. As a group, equities analysts expect that BWX Technologies, Inc. will post 2.96 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 7th. Investors of record on Thursday, August 17th were issued a dividend of $0.23 per share. The ex-dividend date was Wednesday, August 16th. This represents a $0.92 annualized dividend and a yield of 1.24%. BWX Technologies’s dividend payout ratio (DPR) is currently 37.55%.

Insider Buying and Selling

In related news, Director Gerhard F. Burbach sold 1,000 shares of the company’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $74.07, for a total transaction of $74,070.00. Following the completion of the sale, the director now owns 1,391 shares in the company, valued at $103,031.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other BWX Technologies news, Director Robert L. Nardelli acquired 2,000 shares of BWX Technologies stock in a transaction on Friday, August 18th. The stock was purchased at an average price of $71.23 per share, for a total transaction of $142,460.00. Following the purchase, the director now directly owns 2,000 shares of the company’s stock, valued at $142,460. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Gerhard F. Burbach sold 1,000 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $74.07, for a total value of $74,070.00. Following the completion of the transaction, the director now owns 1,391 shares of the company’s stock, valued at approximately $103,031.37. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by corporate insiders.

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; undertakes fabrication activities for missile launch tubes for U.S.