Boston Financial Mangement LLC Sells 15,030 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Boston Financial Mangement LLC trimmed its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT) by 46.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,252 shares of the technology company’s stock after selling 15,030 shares during the period. Boston Financial Mangement LLC’s holdings in BWX Technologies were worth $1,639,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BWXT. Wealth Enhancement Advisory Services LLC lifted its position in shares of BWX Technologies by 105.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 18,239 shares of the technology company’s stock valued at $1,872,000 after buying an additional 9,344 shares during the last quarter. Arkfeld Wealth Strategies L.L.C. purchased a new position in BWX Technologies in the 1st quarter valued at $1,144,000. Quantbot Technologies LP purchased a new position in shares of BWX Technologies during the 1st quarter worth $1,096,000. Cantor Fitzgerald Investment Advisors L.P. purchased a new position in shares of BWX Technologies during the 4th quarter worth $1,485,000. Finally, Russell Investments Group Ltd. raised its holdings in BWX Technologies by 39.9% in the 1st quarter. Russell Investments Group Ltd. now owns 111,757 shares of the technology company’s stock valued at $11,469,000 after buying an additional 31,845 shares during the period. 94.39% of the stock is currently owned by institutional investors.

BWX Technologies Stock Performance

Shares of NYSE:BWXT opened at $102.99 on Friday. The company has a market cap of $9.41 billion, a P/E ratio of 37.18, a PEG ratio of 3.65 and a beta of 0.68. The company has a debt-to-equity ratio of 1.29, a quick ratio of 2.24 and a current ratio of 2.24. BWX Technologies, Inc. has a one year low of $71.55 and a one year high of $107.18. The business’s 50-day simple moving average is $98.25 and its 200 day simple moving average is $95.68.

BWX Technologies (NYSE:BWXT) last announced its earnings results on Monday, August 5th. The technology company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.76 by $0.06. BWX Technologies had a return on equity of 31.57% and a net margin of 10.00%. The business had revenue of $681.50 million for the quarter, compared to the consensus estimate of $639.31 million. During the same period last year, the business posted $0.65 EPS. The company’s revenue was up 11.3% on a year-over-year basis. On average, sell-side analysts forecast that BWX Technologies, Inc. will post 3.19 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Friday, August 16th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $0.96 dividend on an annualized basis and a yield of 0.93%. BWX Technologies’s dividend payout ratio (DPR) is presently 34.66%.

Wall Street Analyst Weigh In

BWXT has been the subject of a number of analyst reports. CLSA initiated coverage on BWX Technologies in a research report on Monday, June 3rd. They set a “buy” rating for the company. StockNews.com raised BWX Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft upped their target price on BWX Technologies from $112.00 to $113.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. BTIG Research started coverage on BWX Technologies in a research note on Wednesday, June 26th. They set a “buy” rating and a $110.00 price objective on the stock. Finally, Barclays lowered BWX Technologies from an “equal weight” rating to an “underweight” rating and increased their price objective for the company from $75.00 to $90.00 in a research note on Wednesday, July 24th. One 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $102.57.

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.