Narwhal Capital Management Sells 4,564 Shares of BWX Technologies, Inc. (NYSE:BWXT)

by · The Cerbat Gem

Narwhal Capital Management lowered its position in shares of BWX Technologies, Inc. (NYSE:BWXT – Free Report) by 22.5% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,729 shares of the technology company’s stock after selling 4,564 shares during the quarter. Narwhal Capital Management’s holdings in BWX Technologies were worth $1,710,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of BWXT. GAMMA Investing LLC boosted its holdings in BWX Technologies by 77.6% in the 1st quarter. GAMMA Investing LLC now owns 270 shares of the technology company’s stock valued at $28,000 after purchasing an additional 118 shares during the period. Blue Trust Inc. boosted its stake 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 valued at $46,000 after buying an additional 121 shares during the period. Valeo Financial Advisors LLC grew its position in BWX Technologies by 4.3% during the third quarter. Valeo Financial Advisors LLC now owns 3,539 shares of the technology company’s stock worth $385,000 after buying an additional 145 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in BWX Technologies by 2.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 5,293 shares of the technology company’s stock worth $503,000 after acquiring an additional 149 shares during the period. Finally, XTX Topco Ltd raised its holdings in BWX Technologies by 7.1% in the 2nd quarter. XTX Topco Ltd now owns 2,237 shares of the technology company’s stock valued at $213,000 after acquiring an additional 149 shares in the last quarter. Institutional investors own 94.39% of the company’s stock.

BWX Technologies Stock Performance

NYSE BWXT opened at $123.66 on Wednesday. The firm’s fifty day moving average price is $106.62 and its two-hundred day moving average price is $98.47. The stock has a market cap of $11.30 billion, a PE ratio of 44.64, a PEG ratio of 4.25 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, Inc. has a fifty-two week low of $72.91 and a fifty-two week high of $128.00.

BWX Technologies (NYSE:BWXT – Get Free Report) last issued its quarterly earnings data on Monday, August 5th. The technology company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.06. The business had revenue of $681.50 million for the quarter, compared to analyst estimates of $639.31 million. BWX Technologies had a return on equity of 31.93% and a net margin of 10.29%. BWX Technologies’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 EPS. On average, equities analysts expect that BWX Technologies, Inc. will post 3.2 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Friday, August 16th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend was Friday, August 16th. BWX Technologies’s payout ratio is currently 34.66%.

Analyst Upgrades and Downgrades

BWXT has been the topic of a number of recent analyst reports. 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 report on Thursday, October 3rd. BTIG Research initiated coverage on shares of BWX Technologies in a research report on Wednesday, June 26th. They issued a “buy” rating and a $110.00 target price for the company. Barclays lowered shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and increased their price target for the stock from $75.00 to $90.00 in a research report on Wednesday, July 24th. StockNews.com upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Finally, Janney Montgomery Scott assumed coverage on BWX Technologies in a report on Thursday, June 27th. They issued a “buy” rating and a $113.00 target price on the stock. 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 stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $104.86.

Read Our Latest Research Report on BWXT

BWX Technologies Company Profile

(Free Report)

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.

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