Venturi Wealth Management LLC Grows Stock Position in BWX Technologies, Inc. (NYSE:BWXT)

Venturi Wealth Management LLC grew its position in BWX Technologies, Inc. (NYSE:BWXT) by 7.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,358 shares of the technology company’s stock after acquiring an additional 466 shares during the quarter. Venturi Wealth Management LLC’s holdings in BWX Technologies were worth $691,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in BWXT. Quent Capital LLC lifted its position in BWX Technologies by 147.6% during the third quarter. Quent Capital LLC now owns 255 shares of the technology company’s stock worth $28,000 after buying an additional 152 shares in the last quarter. UMB Bank n.a. lifted its position in BWX Technologies by 729.0% during the third quarter. UMB Bank n.a. now owns 257 shares of the technology company’s stock worth $28,000 after buying an additional 226 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in BWX Technologies during the third quarter worth approximately $31,000. GAMMA Investing LLC lifted its position in BWX Technologies by 58.9% during the second quarter. GAMMA Investing LLC now owns 429 shares of the technology company’s stock worth $41,000 after buying an additional 159 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new position in BWX Technologies during the second quarter worth approximately $45,000. Hedge funds and other institutional investors own 94.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on BWXT shares. Barclays downgraded BWX Technologies from an “equal weight” rating to an “underweight” rating and lifted their price objective for the stock from $75.00 to $90.00 in a research report on Wednesday, July 24th. Truist Financial lifted their target price on BWX Technologies from $95.00 to $106.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lifted their target price on BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, StockNews.com downgraded BWX Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $110.67.

BWX Technologies Trading Up 1.5 %

Shares of NYSE BWXT opened at $126.50 on Tuesday. BWX Technologies, Inc. has a twelve month low of $74.69 and a twelve month high of $128.00. The company has a current ratio of 2.25, a quick ratio of 2.23 and a debt-to-equity ratio of 1.15. The stock has a fifty day simple moving average of $112.73 and a 200-day simple moving average of $101.21. The stock has a market capitalization of $11.57 billion, a PE ratio of 41.89, a PEG ratio of 4.54 and a beta of 0.69.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings data on Monday, November 4th. The technology company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.06. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The business had revenue of $672.00 million during the quarter, compared to analysts’ expectations of $658.84 million. During the same period in the previous year, the firm posted $0.67 earnings per share. The company’s revenue was up 13.9% on a year-over-year basis. On average, equities analysts forecast that BWX Technologies, Inc. will post 3.21 earnings per share for the current year.

BWX Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 19th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $0.96 annualized dividend and a yield of 0.76%. BWX Technologies’s payout ratio is 31.79%.

About BWX Technologies

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.