5,575 Shares in BWX Technologies, Inc. (NYSE:BWXT) Purchased by Wellington Shields Capital Management LLC

Wellington Shields Capital Management LLC bought a new stake in shares of BWX Technologies, Inc. (NYSE:BWXT) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 5,575 shares of the technology company’s stock, valued at approximately $530,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its holdings in shares of BWX Technologies by 105.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 18,239 shares of the technology company’s stock valued at $1,872,000 after purchasing an additional 9,344 shares during the period. Arkfeld Wealth Strategies L.L.C. bought a new stake in shares of BWX Technologies during the 1st quarter worth about $1,144,000. Quantbot Technologies LP bought a new position in shares of BWX Technologies in the first quarter valued at approximately $1,096,000. Cantor Fitzgerald Investment Advisors L.P. acquired a new position in shares of BWX Technologies during the fourth quarter valued at approximately $1,485,000. Finally, Russell Investments Group Ltd. raised its holdings in BWX Technologies by 39.9% during the first quarter. Russell Investments Group Ltd. now owns 111,757 shares of the technology company’s stock worth $11,469,000 after purchasing an additional 31,845 shares in the last quarter. 94.39% of the stock is owned by institutional investors and hedge funds.

BWX Technologies Stock Performance

Shares of BWXT remained flat at $97.56 during midday trading on Friday. 19,356 shares of the company’s stock traded hands, compared to its average volume of 562,727. The stock’s fifty day moving average price is $98.63 and its 200-day moving average price is $96.04. The company has a market capitalization of $8.92 billion, a price-to-earnings ratio of 35.21, a P/E/G ratio of 3.74 and a beta of 0.68. 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 one year low of $71.55 and a one year high of $107.18.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings data 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 firm had revenue of $681.50 million for the quarter, compared to analysts’ expectations of $639.31 million. BWX Technologies had a net margin of 10.29% and a return on equity of 31.93%. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.65 EPS. On average, 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 disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Friday, August 16th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.98%. The ex-dividend date was Friday, August 16th. BWX Technologies’s dividend payout ratio is currently 34.66%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BWXT. CLSA initiated coverage on BWX Technologies in a research note on Monday, June 3rd. They set a “buy” rating for the company. Barclays cut shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and boosted their price target for the stock from $75.00 to $90.00 in a research report on Wednesday, July 24th. 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 for the company. Janney Montgomery Scott began coverage on shares of BWX Technologies in a research note on Thursday, June 27th. They issued a “buy” rating and a $113.00 price objective on the stock. Finally, StockNews.com raised shares of BWX Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. One equities research 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. According to MarketBeat.com, BWX Technologies currently has an average rating of “Moderate Buy” and an average target price of $102.57.

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.