Petra Financial Advisors Inc. Takes $439,000 Position in BWX Technologies, Inc. (NYSE:BWXT)

Petra Financial Advisors Inc. purchased a new position in BWX Technologies, Inc. (NYSE:BWXT) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 4,035 shares of the technology company’s stock, valued at approximately $439,000.

Other hedge funds have also recently made changes to their positions in the company. Quent Capital LLC raised its holdings in BWX Technologies by 146.6% during the 1st quarter. Quent Capital LLC now owns 254 shares of the technology company’s stock valued at $26,000 after buying an additional 151 shares during the last quarter. UMB Bank n.a. lifted its holdings in BWX Technologies by 729.0% during the third quarter. UMB Bank n.a. now owns 257 shares of the technology company’s stock valued at $28,000 after purchasing an additional 226 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in BWX Technologies during the third quarter valued at approximately $31,000. GAMMA Investing LLC lifted its holdings in shares of BWX Technologies by 58.9% in 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, Blue Trust Inc. lifted its holdings in shares of BWX Technologies by 37.2% in the second quarter. Blue Trust Inc. now owns 446 shares of the technology company’s stock worth $46,000 after buying an additional 121 shares in the last quarter. 94.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BWXT has been the subject of a number of recent analyst reports. Barclays lowered shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and boosted their target price for the company from $75.00 to $90.00 in a research note on Wednesday, July 24th. StockNews.com upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of BWX Technologies from $113.00 to $129.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $104.86.

BWX Technologies Stock Performance

Shares of BWX Technologies stock traded down $1.68 during trading hours on Thursday, reaching $123.17. The company’s stock had a trading volume of 59,621 shares, compared to its average volume of 602,170. The stock has a market cap of $11.26 billion, a P/E ratio of 45.07, a price-to-earnings-growth ratio of 4.25 and a beta of 0.71. The company’s 50 day simple moving average is $109.13 and its 200 day simple moving average is $99.41. BWX Technologies, Inc. has a one year low of $73.14 and a one year high of $128.00. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.23 and a current ratio of 2.23.

BWX Technologies (NYSE:BWXT) last released its earnings results on Monday, August 5th. The technology company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.06. The business had revenue of $681.50 million for the quarter, compared to the consensus estimate of $639.31 million. BWX Technologies had a net margin of 10.29% and a return on equity of 31.93%. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.65 EPS. As a group, analysts expect that BWX Technologies, Inc. will post 3.2 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Friday, August 16th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend was Friday, August 16th. BWX Technologies’s dividend payout ratio (DPR) is presently 34.66%.

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.