OneDigital Investment Advisors LLC Has $5.91 Million Holdings in BWX Technologies, Inc. (NYSE:BWXT)

OneDigital Investment Advisors LLC decreased its stake in BWX Technologies, Inc. (NYSE:BWXT) by 6.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 54,372 shares of the technology company’s stock after selling 3,716 shares during the period. OneDigital Investment Advisors LLC’s holdings in BWX Technologies were worth $5,910,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of BWXT. AQR Capital Management LLC grew its position in BWX Technologies by 77.8% in the 2nd quarter. AQR Capital Management LLC now owns 132,263 shares of the technology company’s stock worth $12,565,000 after purchasing an additional 57,879 shares during the last quarter. Bridges Investment Management Inc. increased its stake in BWX Technologies by 76.3% during the second quarter. Bridges Investment Management Inc. now owns 359,147 shares of the technology company’s stock valued at $34,119,000 after acquiring an additional 155,387 shares during the period. 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 acquiring an additional 31,845 shares in the last quarter. Compass Wealth Management LLC bought a new stake in shares of BWX Technologies in the 3rd quarter worth approximately $3,456,000. Finally, Copeland Capital Management LLC grew its holdings in shares of BWX Technologies by 0.8% during the 3rd quarter. Copeland Capital Management LLC now owns 711,773 shares of the technology company’s stock worth $77,370,000 after purchasing an additional 5,723 shares in the last quarter. Institutional investors own 94.39% of the company’s stock.

BWX Technologies Stock Down 1.5 %

NYSE BWXT opened at $126.26 on Friday. The stock’s 50 day simple moving average is $115.18 and its 200 day simple moving average is $102.03. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. BWX Technologies, Inc. has a one year low of $74.69 and a one year high of $136.31. The firm has a market cap of $11.54 billion, a PE ratio of 41.81, a price-to-earnings-growth ratio of 4.82 and a beta of 0.69.

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

BWX Technologies Announces Dividend

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

Wall Street Analysts Forecast Growth

BWXT has been the subject of a number of recent research reports. Truist Financial upped their target price on BWX Technologies from $95.00 to $106.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Alembic Global Advisors upgraded shares of BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price objective for the company in a research note on Tuesday. Barclays lowered shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and lifted their target price for the company from $75.00 to $90.00 in a research report on Wednesday, July 24th. Bank of America increased their price target on shares of BWX Technologies from $115.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, BWX Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $122.43.

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.