International Assets Investment Management LLC Takes Position in BWX Technologies, Inc. (NYSE:BWXT)

International Assets Investment Management LLC acquired a new position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 125,834 shares of the technology company's stock, valued at approximately $136,780,000. International Assets Investment Management LLC owned approximately 0.14% of BWX Technologies as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in BWXT. Quent Capital LLC grew its stake in shares of BWX Technologies by 146.6% in the 1st quarter. Quent Capital LLC now owns 254 shares of the technology company's stock worth $26,000 after buying an additional 151 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of BWX Technologies by 729.0% in the 3rd quarter. UMB Bank n.a. now owns 257 shares of the technology company's stock worth $28,000 after acquiring an additional 226 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in shares of BWX Technologies in the 3rd quarter worth about $31,000. Toth Financial Advisory Corp lifted its holdings in shares of BWX Technologies by 1,500.0% in the 1st quarter. Toth Financial Advisory Corp now owns 320 shares of the technology company's stock worth $33,000 after acquiring an additional 300 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of BWX Technologies by 58.9% in the 2nd quarter. GAMMA Investing LLC now owns 429 shares of the technology company's stock worth $41,000 after acquiring an additional 159 shares during the last quarter. 94.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Barclays lowered shares of 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. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of BWX Technologies from $113.00 to $129.00 and gave the company a "buy" rating in a report on Thursday, October 3rd. Finally, StockNews.com upgraded shares of BWX Technologies from a "hold" rating to a "buy" rating in a report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $104.86.

BWX Technologies Stock Up 0.5 %

Shares of BWX Technologies stock traded up $0.66 on Friday, reaching $123.03. The stock had a trading volume of 576,463 shares, compared to its average volume of 601,734. The company has a 50 day moving average price of $108.12 and a 200 day moving average price of $98.98. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 1.21. BWX Technologies, Inc. has a 1 year low of $72.91 and a 1 year high of $128.00. The stock has a market capitalization of $11.25 billion, a P/E ratio of 44.42, a P/E/G ratio of 4.25 and a beta of 0.71.

BWX Technologies (NYSE:BWXT - Get Free Report) last released its earnings results on Monday, August 5th. The technology company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.06. The company 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%. BWX Technologies's revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.65 EPS. As a group, equities research analysts forecast that BWX Technologies, Inc. will post 3.2 EPS for the current year.

BWX Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders 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 0.78%. The ex-dividend date was Friday, August 16th. BWX Technologies's dividend payout ratio is presently 34.66%.

BWX Technologies Company 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.