2,928 Shares in BWX Technologies, Inc. (NYSE:BWXT) Acquired by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC bought a new position in BWX Technologies, Inc. (NYSE:BWXTFree Report) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 2,928 shares of the technology company’s stock, valued at approximately $220,000.

Several other hedge funds have also modified their holdings of BWXT. Oak Family Advisors LLC lifted its position in BWX Technologies by 6.6% during the third quarter. Oak Family Advisors LLC now owns 71,696 shares of the technology company’s stock valued at $5,376,000 after buying an additional 4,452 shares in the last quarter. Oak Thistle LLC acquired a new position in BWX Technologies during the third quarter valued at approximately $425,000. Exchange Traded Concepts LLC acquired a new position in BWX Technologies during the third quarter valued at approximately $608,000. SG Americas Securities LLC lifted its position in BWX Technologies by 54.6% during the third quarter. SG Americas Securities LLC now owns 6,958 shares of the technology company’s stock valued at $522,000 after buying an additional 2,456 shares in the last quarter. Finally, Brookmont Capital Management acquired a new position in BWX Technologies during the third quarter valued at approximately $224,000. 96.98% of the stock is owned by institutional investors and hedge funds.

BWX Technologies Stock Down 1.7 %

Shares of NYSE:BWXT opened at $81.49 on Thursday. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 1.53. The company has a fifty day simple moving average of $78.56 and a 200 day simple moving average of $75.58. The firm has a market cap of $7.46 billion, a PE ratio of 33.40, a price-to-earnings-growth ratio of 5.70 and a beta of 0.75. BWX Technologies, Inc. has a 12-month low of $58.80 and a 12-month high of $83.43.

BWX Technologies (NYSE:BWXTGet Free Report) last issued its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. The business had revenue of $589.99 million during the quarter, compared to analyst estimates of $575.47 million. BWX Technologies had a net margin of 9.31% and a return on equity of 33.34%. The business’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.69 earnings per share. On average, equities research analysts anticipate that BWX Technologies, Inc. will post 2.95 EPS for the current fiscal year.

Analysts Set New Price Targets

BWXT has been the topic of a number of recent research reports. Truist Financial lifted their price target on shares of BWX Technologies from $83.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. StockNews.com cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Alembic Global Advisors cut shares of BWX Technologies from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from $79.00 to $82.00 in a research report on Friday, November 3rd. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.25.

Read Our Latest Research Report on BWXT

About BWX Technologies

(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; undertakes fabrication activities for missile launch tubes for U.S.

See Also

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Institutional Ownership by Quarter for BWX Technologies (NYSE:BWXT)

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