Harbor Capital Advisors Inc. Has $13.86 Million Position in BWX Technologies, Inc. (NYSE:BWXT)

Harbor Capital Advisors Inc. raised its stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 79.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 127,491 shares of the technology company's stock after buying an additional 56,438 shares during the period. BWX Technologies makes up about 0.6% of Harbor Capital Advisors Inc.'s investment portfolio, making the stock its 26th largest holding. Harbor Capital Advisors Inc. owned approximately 0.14% of BWX Technologies worth $13,858,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of BWX Technologies in the first quarter worth about $255,000. Commonwealth Equity Services LLC grew its holdings in shares of BWX Technologies by 40.7% during the first quarter. Commonwealth Equity Services LLC now owns 5,144 shares of the technology company's stock valued at $528,000 after buying an additional 1,487 shares in the last quarter. Quent Capital LLC raised its position in BWX Technologies by 147.6% during the first quarter. Quent Capital LLC now owns 255 shares of the technology company's stock valued at $26,000 after buying an additional 152 shares during the period. Jennison Associates LLC lifted its stake in BWX Technologies by 6.3% in the 1st quarter. Jennison Associates LLC now owns 263,904 shares of the technology company's stock worth $27,082,000 after acquiring an additional 15,654 shares in the last quarter. Finally, Texas Permanent School Fund Corp grew its stake in BWX Technologies by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 80,091 shares of the technology company's stock valued at $8,219,000 after acquiring an additional 1,088 shares in the last quarter. Institutional investors and hedge funds own 94.39% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BWXT. StockNews.com raised shares of BWX Technologies from a "hold" rating to a "buy" rating in a research report on Tuesday, August 6th. Barclays cut 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 research report on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on BWX Technologies from $113.00 to $129.00 and gave the stock a "buy" rating in a research note on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $104.86.

BWX Technologies Stock Performance

Shares of BWX Technologies stock traded up $0.83 on Friday, reaching $122.58. The stock had a trading volume of 861,066 shares, compared to its average volume of 812,606. BWX Technologies, Inc. has a fifty-two week low of $74.62 and a fifty-two week high of $128.00. The business's 50-day moving average price is $110.45 and its two-hundred day moving average price is $99.99. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.23 and a current ratio of 2.23. The stock has a market cap of $11.21 billion, a P/E ratio of 41.98, a price-to-earnings-growth ratio of 4.38 and a beta of 0.69.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its quarterly earnings results on Monday, August 5th. The technology company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.76 by $0.06. BWX Technologies had a return on equity of 31.93% and a net margin of 10.29%. The company had revenue of $681.50 million for the quarter, compared to the consensus estimate of $639.31 million. During the same period in the previous year, the business posted $0.65 EPS. The company's revenue for the quarter was up 11.3% on a year-over-year basis. On average, sell-side analysts forecast that BWX Technologies, Inc. will post 3.2 EPS for the current year.

BWX Technologies Announces Dividend

The firm 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 annualized dividend 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 32.88%.

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.