Deutsche Bank AG Buys 31,497 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Deutsche Bank AG grew its holdings in BWX Technologies, Inc. (NYSE:BWXT) by 18.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 204,334 shares of the technology company’s stock after purchasing an additional 31,497 shares during the quarter. Deutsche Bank AG owned approximately 0.22% of BWX Technologies worth $20,158,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Demars Financial Group LLC raised its position in shares of BWX Technologies by 9,309.0% in the 4th quarter. Demars Financial Group LLC now owns 4,482,439 shares of the technology company’s stock valued at $499,299,000 after acquiring an additional 4,434,799 shares during the period. Westwood Holdings Group Inc. raised its holdings in BWX Technologies by 279.0% during the 1st quarter. Westwood Holdings Group Inc. now owns 958,563 shares of the technology company’s stock worth $94,562,000 after buying an additional 705,648 shares during the period. Balyasny Asset Management L.P. raised its holdings in BWX Technologies by 204.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 916,323 shares of the technology company’s stock worth $102,069,000 after buying an additional 615,693 shares during the period. Blair William & Co. IL raised its holdings in BWX Technologies by 84.3% during the 1st quarter. Blair William & Co. IL now owns 782,991 shares of the technology company’s stock worth $77,242,000 after buying an additional 358,170 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in BWX Technologies by 248.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 453,680 shares of the technology company’s stock worth $50,537,000 after buying an additional 323,445 shares during the period. Institutional investors own 94.39% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Truist Financial set a $145.00 target price on shares of BWX Technologies and gave the stock a “hold” rating in a report on Tuesday, August 5th. Wall Street Zen downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Maxim Group restated a “hold” rating on shares of BWX Technologies in a report on Wednesday, August 6th. Bank of America raised their target price on shares of BWX Technologies from $155.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, CLSA restated an “outperform” rating and set a $177.60 target price (up from $153.00) on shares of BWX Technologies in a report on Tuesday, May 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $154.51.

BWX Technologies Stock Performance

Shares of BWXT opened at $177.04 on Thursday. The company has a market cap of $16.18 billion, a PE ratio of 55.33, a price-to-earnings-growth ratio of 4.26 and a beta of 0.73. The company has a current ratio of 1.69, a quick ratio of 1.60 and a debt-to-equity ratio of 1.28. BWX Technologies, Inc. has a 12-month low of $84.21 and a 12-month high of $189.25. The stock has a 50-day moving average price of $146.79 and a 200-day moving average price of $120.56.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings results on Monday, August 4th. The technology company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.23. BWX Technologies had a return on equity of 30.61% and a net margin of 10.28%. The business had revenue of $764.00 million for the quarter, compared to analysts’ expectations of $708.00 million. During the same period in the previous year, the firm earned $0.82 EPS. The business’s quarterly revenue was up 12.1% on a year-over-year basis. As a group, equities analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Monday, August 18th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. BWX Technologies’s dividend payout ratio (DPR) is 31.25%.

Insiders Place Their Bets

In other news, SVP Omar Fathi Meguid sold 2,261 shares of the firm’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $179.84, for a total value of $406,618.24. Following the transaction, the senior vice president owned 2,361 shares of the company’s stock, valued at $424,602.24. This trade represents a 48.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Leland D. Melvin sold 600 shares of the firm’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $178.26, for a total value of $106,956.00. Following the completion of the transaction, the director directly owned 5,579 shares in the company, valued at $994,512.54. This trade represents a 9.71% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 29,953 shares of company stock valued at $5,359,758. 0.47% of the stock is currently owned by corporate insiders.

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.