BWX Technologies, Inc. (NYSE:BWXT) Shares Sold by Inspire Investing LLC

Inspire Investing LLC reduced its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 29.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,112 shares of the technology company's stock after selling 8,691 shares during the quarter. Inspire Investing LLC's holdings in BWX Technologies were worth $2,295,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Virtu Financial LLC purchased a new position in shares of BWX Technologies during the 4th quarter valued at $396,000. Fortis Group Advisors LLC raised its holdings in shares of BWX Technologies by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 1,218 shares of the technology company's stock valued at $93,000 after acquiring an additional 609 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of BWX Technologies by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 8,677,218 shares of the technology company's stock valued at $665,803,000 after acquiring an additional 65,137 shares during the last quarter. HighPoint Advisor Group LLC purchased a new position in shares of BWX Technologies during the fourth quarter worth about $381,000. Finally, Kapitalo Investimentos Ltda bought a new position in shares of BWX Technologies in the fourth quarter worth approximately $118,000. 94.39% of the stock is owned by institutional investors.

BWX Technologies Price Performance

BWXT traded up $1.59 during trading hours on Friday, hitting $117.42. The company's stock had a trading volume of 639,401 shares, compared to its average volume of 585,944. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 1.21. BWX Technologies, Inc. has a 12 month low of $72.91 and a 12 month high of $119.04. The business's 50-day moving average price is $102.73 and its 200-day moving average price is $97.39. The stock has a market cap of $10.73 billion, a price-to-earnings ratio of 42.39, a P/E/G ratio of 4.25 and a beta of 0.71.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its earnings results on Monday, August 5th. The technology company reported $0.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.76 by $0.06. The firm had revenue of $681.50 million during the quarter, compared to analyst estimates 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 was up 11.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.65 earnings per share. Sell-side analysts expect that BWX Technologies, Inc. will post 3.2 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Friday, August 16th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend was Friday, August 16th. BWX Technologies's dividend payout ratio is currently 34.66%.

Analyst Ratings Changes

BWXT has been the subject of a number of research reports. StockNews.com raised shares of BWX Technologies from a "hold" rating to a "buy" rating in a research note on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft raised their price target on BWX Technologies from $113.00 to $129.00 and gave the company a "buy" rating in a research report on Thursday, October 3rd. Barclays cut BWX Technologies from an "equal weight" rating to an "underweight" rating and upped their price objective for the stock from $75.00 to $90.00 in a report on Wednesday, July 24th. Janney Montgomery Scott started coverage on BWX Technologies in a research note on Thursday, June 27th. They set a "buy" rating and a $113.00 price objective for the company. Finally, BTIG Research started coverage on shares of BWX Technologies in a research report on Wednesday, June 26th. They set a "buy" rating and a $110.00 price objective on the stock. 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.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $104.86.

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.