Pinnacle Associates Ltd. Increases Stock Position in BWX Technologies, Inc. (NYSE:BWXT)

Pinnacle Associates Ltd. increased its holdings in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 17.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 119,139 shares of the technology company's stock after buying an additional 17,592 shares during the period. Pinnacle Associates Ltd. owned about 0.13% of BWX Technologies worth $12,950,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Blue Trust Inc. raised 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 acquiring an additional 121 shares during the last quarter. Valeo Financial Advisors LLC raised its stake in BWX Technologies by 4.3% in the 3rd quarter. Valeo Financial Advisors LLC now owns 3,539 shares of the technology company's stock valued at $385,000 after purchasing an additional 145 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in BWX Technologies by 2.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 5,293 shares of the technology company's stock valued at $503,000 after purchasing an additional 149 shares in the last quarter. XTX Topco Ltd boosted its stake in shares of BWX Technologies by 7.1% during the 2nd quarter. XTX Topco Ltd now owns 2,237 shares of the technology company's stock worth $213,000 after purchasing an additional 149 shares during the last quarter. Finally, Quent Capital LLC lifted its stake in shares of BWX Technologies by 146.6% during the first 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 period. 94.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on BWXT shares. Deutsche Bank Aktiengesellschaft lifted their target price 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. StockNews.com upgraded BWX Technologies from a "hold" rating to a "buy" rating in a report on Tuesday, August 6th. Finally, Barclays downgraded shares of BWX Technologies from an "equal weight" rating to an "underweight" rating and upped their price objective for the company from $75.00 to $90.00 in a research note on Wednesday, July 24th. 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $104.86.

BWX Technologies Trading Down 0.5 %

Shares of BWX Technologies stock traded down $0.68 during trading hours on Wednesday, reaching $124.85. The stock had a trading volume of 648,724 shares, compared to its average volume of 604,753. The firm has a market capitalization of $11.41 billion, a price-to-earnings ratio of 45.07, a P/E/G ratio of 4.25 and a beta of 0.71. BWX Technologies, Inc. has a 1 year low of $73.14 and a 1 year high of $128.00. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 1.21. The firm has a 50 day simple moving average of $109.13 and a two-hundred day simple moving average of $99.41.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its earnings results on Monday, August 5th. The technology company reported $0.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.76 by $0.06. The firm had revenue of $681.50 million during 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 company's revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.65 EPS. As a group, equities research analysts anticipate that BWX Technologies, Inc. will post 3.2 earnings per share for the current year.

BWX Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Friday, August 16th were paid a $0.24 dividend. The ex-dividend date was Friday, August 16th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.77%. BWX Technologies's dividend payout ratio (DPR) is currently 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.