William Blair Investment Management LLC decreased its stake in BWX Technologies, Inc. (NYSE:BWXT – Free Report) by 8.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,788,193 shares of the technology company’s stock after selling 563,688 shares during the quarter. BWX Technologies makes up 1.3% of William Blair Investment Management LLC’s portfolio, making the stock its 9th biggest holding. William Blair Investment Management LLC owned 6.33% of BWX Technologies worth $414,261,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich grew its position in shares of BWX Technologies by 156,019.8% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 90,473,001 shares of the technology company’s stock worth $6,475,153,000 after purchasing an additional 90,415,050 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of BWX Technologies by 4.0% during the 1st quarter. Wellington Management Group LLP now owns 5,683,810 shares of the technology company’s stock worth $306,130,000 after acquiring an additional 217,425 shares during the last quarter. BlackRock Inc. lifted its stake in shares of BWX Technologies by 4.2% during the 1st quarter. BlackRock Inc. now owns 5,346,253 shares of the technology company’s stock worth $337,028,000 after acquiring an additional 214,544 shares during the last quarter. Snyder Capital Management L P lifted its stake in shares of BWX Technologies by 2.5% during the 1st quarter. Snyder Capital Management L P now owns 2,820,007 shares of the technology company’s stock worth $177,773,000 after acquiring an additional 68,435 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of BWX Technologies by 11.9% during the 1st quarter. State Street Corp now owns 2,645,251 shares of the technology company’s stock worth $142,473,000 after acquiring an additional 281,441 shares during the last quarter. Hedge funds and other institutional investors own 96.98% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on the company. StockNews.com initiated coverage on BWX Technologies in a research note on Thursday, October 5th. They set a “hold” rating on the stock. Maxim Group boosted their price objective on BWX Technologies from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Monday, August 7th. Barclays boosted their price objective on BWX Technologies from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 8th. Truist Financial boosted their price objective on BWX Technologies from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Monday, August 14th. Finally, Robert W. Baird upgraded BWX Technologies from a “neutral” rating to an “outperform” rating and upped their price target for the company from $61.00 to $85.00 in a research report on Friday, August 4th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $80.38.
BWX Technologies Stock Up 0.9 %
BWX Technologies stock traded up $0.70 during trading on Monday, reaching $78.04. 113,117 shares of the company’s stock were exchanged, compared to its average volume of 634,950. The company has a debt-to-equity ratio of 1.53, a quick ratio of 2.50 and a current ratio of 2.50. The company’s 50-day moving average is $75.45 and its two-hundred day moving average is $71.36. The firm has a market cap of $7.14 billion, a price-to-earnings ratio of 31.70, a PEG ratio of 5.98 and a beta of 0.81. BWX Technologies, Inc. has a 52-week low of $55.47 and a 52-week high of $79.42.
BWX Technologies (NYSE:BWXT – Get Free Report) last posted its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.01. BWX Technologies had a net margin of 9.31% and a return on equity of 33.34%. The company had revenue of $589.99 million during the quarter, compared to analysts’ expectations of $575.47 million. During the same period in the prior year, the company posted $0.69 EPS. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. On average, analysts predict that BWX Technologies, Inc. will post 2.95 earnings per share for the current year.
BWX Technologies Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 21st will be paid a $0.23 dividend. The ex-dividend date is Monday, November 20th. This represents a $0.92 annualized dividend and a dividend yield of 1.18%. BWX Technologies’s payout ratio is currently 37.70%.
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.
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