Navellier & Associates Inc. Sells 1,100 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Navellier & Associates Inc. decreased its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 4.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,658 shares of the technology company’s stock after selling 1,100 shares during the period. Navellier & Associates Inc.’s holdings in BWX Technologies were worth $2,789,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in BWXT. Landscape Capital Management L.L.C. purchased a new position in shares of BWX Technologies in the 3rd quarter worth approximately $335,000. King Luther Capital Management Corp boosted its stake in shares of BWX Technologies by 13.3% during the 3rd quarter. King Luther Capital Management Corp now owns 99,212 shares of the technology company’s stock worth $10,784,000 after purchasing an additional 11,618 shares during the period. Advisors Asset Management Inc. grew its holdings in BWX Technologies by 10.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 6,673 shares of the technology company’s stock valued at $725,000 after purchasing an additional 637 shares during the last quarter. Hilton Capital Management LLC bought a new position in shares of BWX Technologies during the third quarter valued at approximately $2,237,000. Finally, Commerce Bank bought a new position in BWX Technologies in the 3rd quarter valued at $235,000. 94.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on BWXT shares. Deutsche Bank Aktiengesellschaft raised their target price on shares of BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. 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. Alembic Global Advisors upgraded shares of BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 target price on the stock in a report on Tuesday, November 12th. Bank of America boosted their price target on shares of BWX Technologies from $115.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, Truist Financial increased their price objective on shares of BWX Technologies from $95.00 to $106.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $122.43.

BWX Technologies Stock Performance

Shares of BWXT opened at $131.50 on Thursday. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. The firm has a market cap of $12.02 billion, a PE ratio of 42.97, a P/E/G ratio of 4.37 and a beta of 0.69. BWX Technologies, Inc. has a 12 month low of $74.69 and a 12 month high of $136.31. The stock has a fifty day moving average price of $117.14 and a 200-day moving average price of $102.76.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Monday, November 4th. The technology company reported $0.83 EPS 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 company had revenue of $672.00 million during the quarter, compared to analysts’ expectations of $658.84 million. During the same period last year, the business posted $0.67 earnings per share. The firm’s revenue was up 13.9% compared to the same quarter last year. Equities research analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 19th will be issued a $0.24 dividend. The ex-dividend date is Tuesday, November 19th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.73%. BWX Technologies’s dividend payout ratio is currently 31.79%.

BWX Technologies 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.