Veracity Capital LLC Buys Shares of 5,775 BWX Technologies, Inc. (NYSE:BWXT)

Veracity Capital LLC bought a new stake in shares of BWX Technologies, Inc. (NYSE:BWXT) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 5,775 shares of the technology company’s stock, valued at approximately $593,000.

Several other institutional investors have also added to or reduced their stakes in the business. GAMMA Investing LLC lifted its position in BWX Technologies by 77.6% during the first quarter. GAMMA Investing LLC now owns 270 shares of the technology company’s stock valued at $28,000 after purchasing an additional 118 shares in the last quarter. Toth Financial Advisory Corp raised its holdings in BWX Technologies by 1,500.0% during the first quarter. Toth Financial Advisory Corp now owns 320 shares of the technology company’s stock valued at $33,000 after acquiring an additional 300 shares during the period. Benjamin F. Edwards & Company Inc. bought a new stake in BWX Technologies during the fourth quarter valued at about $25,000. Riverview Trust Co bought a new stake in BWX Technologies during the first quarter valued at about $56,000. Finally, SRS Capital Advisors Inc. raised its holdings in BWX Technologies by 322.1% during the fourth quarter. SRS Capital Advisors Inc. now owns 553 shares of the technology company’s stock valued at $42,000 after acquiring an additional 422 shares during the period. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

BWX Technologies Trading Up 1.3 %

Shares of NYSE BWXT traded up $1.20 during trading hours on Thursday, reaching $95.47. The stock had a trading volume of 329,475 shares, compared to its average volume of 517,957. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.29. The firm has a market cap of $8.73 billion, a price-to-earnings ratio of 34.47, a P/E/G ratio of 3.55 and a beta of 0.69. The business’s fifty day moving average price is $91.47 and its two-hundred day moving average price is $90.11. BWX Technologies, Inc. has a 52-week low of $67.91 and a 52-week high of $107.18.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings results on Monday, May 6th. The technology company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.09. The firm had revenue of $603.97 million during the quarter, compared to analyst estimates of $599.92 million. BWX Technologies had a return on equity of 31.57% and a net margin of 10.00%. BWX Technologies’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.70 earnings per share. Analysts expect that BWX Technologies, Inc. will post 3.18 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 6th. Shareholders of record on Friday, May 17th were given a dividend of $0.24 per share. The ex-dividend date was Thursday, May 16th. This represents a $0.96 annualized dividend and a yield of 1.01%. BWX Technologies’s dividend payout ratio (DPR) is presently 34.66%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on BWXT shares. Deutsche Bank Aktiengesellschaft reduced their target price on BWX Technologies from $110.00 to $107.00 and set a “buy” rating on the stock in a report on Monday, June 10th. CLSA assumed coverage on BWX Technologies in a report on Monday, June 3rd. They issued a “buy” rating on the stock. Bank of America boosted their price objective on BWX Technologies from $82.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. BTIG Research assumed coverage on BWX Technologies in a research note on Wednesday, June 26th. They set a “buy” rating and a $110.00 price objective on the stock. Finally, Truist Financial reissued a “hold” rating and set a $95.00 price objective (down from $110.00) on shares of BWX Technologies in a research note on Monday, March 25th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, BWX Technologies has an average rating of “Moderate Buy” and a consensus target price of $96.33.

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.