BWX Technologies, Inc. (NYSE:BWXT) Stock Holdings Decreased by Hancock Whitney Corp

Hancock Whitney Corp decreased its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT) by 31.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,304 shares of the technology company’s stock after selling 1,071 shares during the quarter. Hancock Whitney Corp’s holdings in BWX Technologies were worth $236,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in BWXT. SG Americas Securities LLC raised its position in shares of BWX Technologies by 11.7% during the 4th quarter. SG Americas Securities LLC now owns 7,772 shares of the technology company’s stock worth $596,000 after buying an additional 814 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of BWX Technologies by 38.1% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 21,293 shares of the technology company’s stock valued at $1,634,000 after purchasing an additional 5,879 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in shares of BWX Technologies by 11.0% during the 4th quarter. Venturi Wealth Management LLC now owns 5,830 shares of the technology company’s stock valued at $447,000 after acquiring an additional 580 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of BWX Technologies during the fourth quarter worth approximately $21,320,000. Finally, Fulton Bank N.A. bought a new position in shares of BWX Technologies during the 4th quarter worth about $305,000. Institutional investors own 94.39% of the company’s stock.

Wall Street Analysts Forecast Growth

BWXT has been the topic of a number of recent research reports. Barclays downgraded BWX Technologies from an “equal weight” rating to an “underweight” rating and lifted their price objective for the company from $75.00 to $90.00 in a report on Wednesday, July 24th. StockNews.com downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, June 27th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of BWX Technologies from $110.00 to $107.00 and set a “buy” rating for the company in a research note on Monday, June 10th. Janney Montgomery Scott initiated coverage on BWX Technologies in a research note on Thursday, June 27th. They set a “buy” rating and a $113.00 price objective on the stock. Finally, BTIG Research began coverage on BWX Technologies in a research note on Wednesday, June 26th. They issued a “buy” rating and a $110.00 target price for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, BWX Technologies has a consensus rating of “Moderate Buy” and an average price target of $98.00.

BWX Technologies Stock Down 3.7 %

Shares of BWX Technologies stock traded down $3.69 during trading hours on Friday, reaching $94.89. 196,262 shares of the company’s stock were exchanged, compared to its average volume of 579,097. The stock has a market cap of $8.67 billion, a P/E ratio of 35.58, a P/E/G ratio of 3.68 and a beta of 0.68. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.29. BWX Technologies, Inc. has a fifty-two week low of $68.15 and a fifty-two week high of $107.18. The company has a 50 day moving average of $94.46 and a two-hundred day moving average of $93.21.

BWX Technologies (NYSE:BWXT) last announced its earnings results on Monday, May 6th. The technology company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.09. The firm had revenue of $603.97 million for the quarter, compared to analyst estimates of $599.92 million. BWX Technologies had a net margin of 10.00% and a return on equity of 31.57%. The business’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.70 EPS. On average, sell-side analysts forecast that BWX Technologies, Inc. will post 3.19 EPS for the current fiscal year.

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.