L & S Advisors Inc Has $2.82 Million Position in BWX Technologies, Inc. (NYSE:BWXT)

L & S Advisors Inc grew its position in BWX Technologies, Inc. (NYSE:BWXT) by 22.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 29,669 shares of the technology company’s stock after purchasing an additional 5,522 shares during the period. L & S Advisors Inc’s holdings in BWX Technologies were worth $2,819,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in BWXT. Wealth Enhancement Advisory Services LLC raised its holdings in shares of BWX Technologies by 105.0% in 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 buying an additional 9,344 shares during the last quarter. Arkfeld Wealth Strategies L.L.C. bought a new position in BWX Technologies in the 1st quarter worth approximately $1,144,000. Quantbot Technologies LP bought a new position in BWX Technologies in the 1st quarter worth approximately $1,096,000. Cantor Fitzgerald Investment Advisors L.P. acquired a new position in BWX Technologies during the 4th quarter worth $1,485,000. Finally, Russell Investments Group Ltd. boosted its position in BWX Technologies by 39.9% in the 1st quarter. Russell Investments Group Ltd. now owns 111,757 shares of the technology company’s stock valued at $11,469,000 after buying an additional 31,845 shares during the last quarter. Institutional investors own 94.39% of the company’s stock.

BWX Technologies Trading Down 0.1 %

Shares of NYSE BWXT opened at $98.34 on Tuesday. The firm has a 50 day moving average price of $98.88 and a two-hundred day moving average price of $96.39. BWX Technologies, Inc. has a 52-week low of $72.14 and a 52-week high of $107.18. The stock has a market cap of $8.99 billion, a P/E ratio of 35.50, a price-to-earnings-growth ratio of 3.51 and a beta of 0.71. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.23 and a current ratio of 2.23.

BWX Technologies (NYSE:BWXT) last announced its earnings results on Monday, August 5th. The technology company reported $0.82 EPS for the quarter, beating 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 analyst estimates of $639.31 million. During the same quarter in the prior year, the company earned $0.65 EPS. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. As a group, equities 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 paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend was Friday, August 16th. BWX Technologies’s payout ratio is 34.66%.

Analysts Set New Price Targets

BWXT has been the topic of a number of research reports. CLSA began coverage on shares of BWX Technologies in a research report on Monday, June 3rd. They set a “buy” rating on the stock. Janney Montgomery Scott assumed 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. Barclays cut shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and upped their target price for the company from $75.00 to $90.00 in a research report on Wednesday, July 24th. BTIG Research began coverage on BWX Technologies in a research report on Wednesday, June 26th. They issued a “buy” rating and a $110.00 price target on the stock. Finally, StockNews.com upgraded BWX Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, BWX Technologies presently has an average rating of “Moderate Buy” and an average price target of $102.57.

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.