Veracity Capital LLC Has $1.07 Million Stock Position in BWX Technologies, Inc. (NYSE:BWXT)

Veracity Capital LLC increased its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT) by 47.3% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 9,824 shares of the technology company’s stock after purchasing an additional 3,156 shares during the period. Veracity Capital LLC’s holdings in BWX Technologies were worth $1,068,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Raymond James & Associates boosted its stake in shares of BWX Technologies by 6.4% during the 3rd quarter. Raymond James & Associates now owns 397,849 shares of the technology company’s stock worth $43,246,000 after acquiring an additional 23,964 shares during the period. Blue Trust Inc. raised its position in shares of BWX Technologies by 82.3% in the third quarter. Blue Trust Inc. now owns 813 shares of the technology company’s stock valued at $88,000 after purchasing an additional 367 shares during the period. Aaron Wealth Advisors LLC acquired a new stake in shares of BWX Technologies during the 3rd quarter worth about $218,000. V Square Quantitative Management LLC bought a new stake in shares of BWX Technologies during the 3rd quarter worth about $31,000. Finally, Compass Wealth Management LLC acquired a new position in BWX Technologies in the 3rd quarter valued at about $3,456,000. Institutional investors and hedge funds own 94.39% of the company’s stock.

BWX Technologies Trading Up 0.9 %

Shares of BWX Technologies stock opened at $126.21 on Friday. The firm’s 50-day moving average price is $105.51 and its two-hundred day moving average price is $98.14. The company has a market capitalization of $11.54 billion, a price-to-earnings ratio of 45.56, a PEG ratio of 4.25 and a beta of 0.71. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 1.21. BWX Technologies, Inc. has a 12-month low of $72.91 and a 12-month high of $127.10.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings data on Monday, August 5th. The technology company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.06. BWX Technologies had a net margin of 10.29% and a return on equity of 31.93%. The business had revenue of $681.50 million for the quarter, compared to analysts’ expectations of $639.31 million. During the same period last year, the firm posted $0.65 earnings per share. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. On average, analysts forecast 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 0.76%. The ex-dividend date was Friday, August 16th. BWX Technologies’s dividend payout ratio (DPR) is presently 34.66%.

Analyst Ratings Changes

Several equities research analysts have issued reports on BWXT shares. 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 assumed coverage on BWX Technologies in a report on Thursday, June 27th. They set a “buy” rating and a $113.00 price target for the company. Deutsche Bank Aktiengesellschaft upped their price objective on BWX Technologies from $113.00 to $129.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Barclays cut shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and boosted their target price for the company from $75.00 to $90.00 in a research report on Wednesday, July 24th. Finally, StockNews.com raised shares of BWX Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $104.86.

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.