BWX Technologies, Inc. $BWXT Shares Sold by Philadelphia Trust Co.

Philadelphia Trust Co. reduced its holdings in BWX Technologies, Inc. (NYSE:BWXT) by 5.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 184,097 shares of the technology company’s stock after selling 11,148 shares during the quarter. BWX Technologies accounts for 1.6% of Philadelphia Trust Co.’s portfolio, making the stock its 17th largest position. Philadelphia Trust Co. owned about 0.20% of BWX Technologies worth $25,221,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in BWX Technologies in the 2nd quarter valued at about $2,359,895,000. Bank of New York Mellon Corp acquired a new position in BWX Technologies during the 2nd quarter valued at about $222,587,000. Bank of America Corp DE bought a new stake in shares of BWX Technologies during the 2nd quarter worth about $202,020,000. William Blair Investment Management LLC bought a new stake in shares of BWX Technologies during the 2nd quarter worth about $183,211,000. Finally, Segra Capital Management LLC bought a new stake in shares of BWX Technologies during the 3rd quarter worth about $48,654,000. 94.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. BNP Paribas Exane decreased their price objective on shares of BWX Technologies from $190.00 to $165.00 and set a “neutral” rating for the company in a report on Thursday, September 24th. Guggenheim reiterated a “buy” rating and set a $192.00 price objective on shares of BWX Technologies in a research note on Wednesday, September 30th. Citigroup reissued an “outperform” rating on shares of BWX Technologies in a report on Wednesday, September 30th. Wall Street Zen downgraded BWX Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, JPMorgan Chase & Co. decreased their price target on BWX Technologies from $230.00 to $190.00 and set an “overweight” rating for the company in a research note on Tuesday, October 13th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, BWX Technologies presently has an average rating of “Moderate Buy” and an average price target of $205.00.

BWX Technologies Price Performance

NYSE BWXT opened at $126.58 on Wednesday. BWX Technologies, Inc. has a 1 year low of $112.54 and a 1 year high of $241.82. The business’s fifty day moving average is $139.57 and its two-hundred day moving average is $181.82. The stock has a market capitalization of $11.60 billion, a P/E ratio of 31.03, a P/E/G ratio of 1.89 and a beta of 0.75. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.84 and a current ratio of 1.88.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings data on Monday, November 2nd. The technology company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.07. The business had revenue of $952.97 million during the quarter, compared to analyst estimates of $970.52 million. BWX Technologies had a return on equity of 31.65% and a net margin of 10.41%. The company’s revenue was up 10.0% compared to the same quarter last year. During the same period last year, the company posted $1.00 EPS. On average, research analysts forecast that BWX Technologies, Inc. will post 4.76 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Thursday, November 19th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, November 19th. BWX Technologies’s dividend payout ratio is currently 26.47%.

BWX Technologies Company Profile

BWX Technologies, Inc. (NYSE: BWXT) is a supplier of nuclear components, fuel and services for government and commercial customers. Its work includes designing and manufacturing nuclear reactors and related equipment for the U.S. Navy’s nuclear-powered fleet, as well as providing engineering, maintenance and other services to government nuclear programs. Through its commercial operations, BWXT supplies components and services for nuclear power plants and supports activities such as nuclear facility decommissioning and waste management.