Levin Capital Strategies L.P. decreased its stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 3.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 111,274 shares of the technology company's stock after selling 4,322 shares during the period. Levin Capital Strategies L.P. owned 0.12% of BWX Technologies worth $10,977,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in the stock. Demars Financial Group LLC increased its stake in shares of BWX Technologies by 9,309.0% in the fourth quarter. Demars Financial Group LLC now owns 4,482,439 shares of the technology company's stock worth $499,299,000 after purchasing an additional 4,434,799 shares in the last quarter. Bessemer Group Inc. boosted its holdings in BWX Technologies by 1.6% in the 1st quarter. Bessemer Group Inc. now owns 1,038,223 shares of the technology company's stock worth $102,419,000 after buying an additional 16,262 shares during the period. Balyasny Asset Management L.P. grew its stake in BWX Technologies by 204.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 916,323 shares of the technology company's stock valued at $102,069,000 after buying an additional 615,693 shares in the last quarter. First Trust Advisors LP raised its holdings in BWX Technologies by 34.1% during the 4th quarter. First Trust Advisors LP now owns 908,012 shares of the technology company's stock valued at $101,143,000 after acquiring an additional 231,146 shares during the period. Finally, Northern Trust Corp raised its holdings in BWX Technologies by 13.3% during the 4th quarter. Northern Trust Corp now owns 815,089 shares of the technology company's stock valued at $90,793,000 after acquiring an additional 95,811 shares during the period. Institutional investors own 94.39% of the company's stock.
BWX Technologies Trading Up 3.5%
Shares of BWXT opened at $154.74 on Tuesday. BWX Technologies, Inc. has a 1-year low of $84.21 and a 1-year high of $154.78. The company has a market capitalization of $14.14 billion, a P/E ratio of 49.28, a P/E/G ratio of 3.78 and a beta of 0.73. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.02 and a quick ratio of 1.91. The firm's 50 day simple moving average is $139.39 and its 200 day simple moving average is $117.92.
BWX Technologies (NYSE:BWXT - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The technology company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.23. BWX Technologies had a net margin of 10.39% and a return on equity of 30.26%. The firm had revenue of $764.00 million for the quarter, compared to analysts' expectations of $708.00 million. During the same quarter last year, the company posted $0.82 EPS. The business's quarterly revenue was up 12.1% on a year-over-year basis. Sell-side analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several brokerages have recently weighed in on BWXT. CLSA reiterated an "outperform" rating and issued a $177.60 price target (up from $153.00) on shares of BWX Technologies in a research report on Tuesday, May 27th. William Blair reaffirmed an "outperform" rating on shares of BWX Technologies in a report on Wednesday, June 18th. Wall Street Zen upgraded BWX Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. Maxim Group cut their price objective on shares of BWX Technologies from $140.00 to $136.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $150.00 price objective (up previously from $119.00) on shares of BWX Technologies in a research note on Tuesday, July 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $137.94.
View Our Latest Report on BWX Technologies
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; fabrication activities; and supplies proprietary and sole-source valves, manifolds, and fittings to naval and commercial shipping customers.
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