BWX Technologies, Inc. $BWXT Stock Position Lowered by Philadelphia Trust Co.

Philadelphia Trust Co. reduced its position in BWX Technologies, Inc. (NYSE:BWXT) by 5.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 184,097 shares of the technology company’s stock after selling 11,148 shares during the quarter. BWX Technologies makes up about 1.6% of Philadelphia Trust Co.’s holdings, making the stock its 17th largest holding. Philadelphia Trust Co.’s holdings in BWX Technologies were worth $25,221,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. M.D. Sass LLC acquired a new stake in BWX Technologies during the 2nd quarter valued at $2,619,000. Ranger Investment Management L.P. acquired a new stake in shares of BWX Technologies in the first quarter worth $11,991,000. Silvant Capital Management LLC acquired a new stake in shares of BWX Technologies in the second quarter worth $6,574,000. Insight Wealth Strategies LLC purchased a new position in shares of BWX Technologies during the second quarter valued at $5,949,000. Finally, Equitable Holdings Inc. purchased a new position in shares of BWX Technologies during the second quarter valued at $1,538,000. Institutional investors and hedge funds own 94.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on BWXT shares. Guggenheim reissued a “buy” rating and set a $192.00 price target on shares of BWX Technologies in a research report on Wednesday, September 30th. Jefferies Financial Group began coverage on BWX Technologies in a research report on Thursday, September 3rd. They set a “buy” rating and a $181.00 price objective for the company. Wall Street Zen cut BWX Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. JPMorgan Chase & Co. lowered their target price on BWX Technologies from $230.00 to $190.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 13th. Finally, Bank of America dropped their target price on BWX Technologies from $250.00 to $210.00 and set a “buy” rating on the stock in a report on Wednesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, BWX Technologies has an average rating of “Moderate Buy” and a consensus target price of $205.00.

BWX Technologies Price Performance

Shares of NYSE:BWXT opened at $126.58 on Wednesday. The company has a current ratio of 1.88, a quick ratio of 1.84 and a debt-to-equity ratio of 1.43. BWX Technologies, Inc. has a 1 year low of $112.54 and a 1 year high of $241.82. The business has a fifty day simple moving average of $139.57 and a 200 day simple moving average of $181.82. The firm has a market cap of $11.60 billion, a price-to-earnings ratio of 31.03, a P/E/G ratio of 1.89 and a beta of 0.75.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings data on Monday, November 2nd. The technology company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.07. BWX Technologies had a return on equity of 31.65% and a net margin of 10.41%. The firm had revenue of $952.97 million during the quarter, compared to analysts’ expectations of $970.52 million. During the same quarter last year, the firm earned $1.00 earnings per share. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. As a group, sell-side analysts predict that BWX Technologies, Inc. will post 4.76 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

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

About BWX Technologies

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.