Entropy Technologies LP Sells 226 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Entropy Technologies LP trimmed its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 1.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 11,777 shares of the technology company’s stock after selling 226 shares during the quarter. Entropy Technologies LP’s holdings in BWX Technologies were worth $1,209,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BWXT. Quent Capital LLC raised its stake in BWX Technologies by 147.6% during the 1st quarter. Quent Capital LLC now owns 255 shares of the technology company’s stock worth $26,000 after acquiring an additional 152 shares during the period. GAMMA Investing LLC grew its holdings in shares of BWX Technologies by 77.6% in the first quarter. GAMMA Investing LLC now owns 270 shares of the technology company’s stock worth $28,000 after purchasing an additional 118 shares during the last quarter. Toth Financial Advisory Corp grew its holdings in shares of BWX Technologies by 1,500.0% in the first quarter. Toth Financial Advisory Corp now owns 320 shares of the technology company’s stock worth $33,000 after purchasing an additional 300 shares during the last quarter. Benjamin F. Edwards & Company Inc. bought a new position in shares of BWX Technologies in the fourth quarter worth about $25,000. Finally, Riverview Trust Co bought a new position in shares of BWX Technologies in the first quarter worth about $56,000. 94.39% of the stock is owned by hedge funds and other institutional investors.

BWX Technologies Price Performance

BWX Technologies stock traded down $0.76 during trading on Wednesday, reaching $103.22. The company had a trading volume of 511,672 shares, compared to its average volume of 584,479. The firm’s 50-day simple moving average is $92.09 and its 200 day simple moving average is $91.54. BWX Technologies, Inc. has a 1-year low of $67.91 and a 1-year high of $107.18. The firm has a market capitalization of $9.44 billion, a PE ratio of 37.26, a price-to-earnings-growth ratio of 3.67 and a beta of 0.69. The company has a debt-to-equity ratio of 1.29, a quick ratio of 2.24 and a current ratio of 2.24.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings data on Monday, May 6th. The technology company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.09. The company had revenue of $603.97 million for the quarter, compared to analyst estimates of $599.92 million. BWX Technologies had a return on equity of 31.57% and a net margin of 10.00%. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.70 EPS. As a group, equities research analysts anticipate that BWX Technologies, Inc. will post 3.19 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 6th. Stockholders of record on Friday, May 17th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $0.96 annualized dividend and a dividend yield of 0.93%. BWX Technologies’s dividend payout ratio is presently 34.66%.

Analyst Upgrades and Downgrades

BWXT has been the topic of several recent research reports. BTIG Research initiated coverage on shares of BWX Technologies in a report on Wednesday, June 26th. They set a “buy” rating and a $110.00 target price on the stock. Janney Montgomery Scott assumed coverage on shares of BWX Technologies in a research report on Thursday, June 27th. They set a “buy” rating and a $113.00 price target for the company. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of BWX Technologies from $110.00 to $107.00 and set a “buy” rating for the company in a research report on Monday, June 10th. StockNews.com downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Thursday, June 27th. Finally, Truist Financial reiterated a “hold” rating and issued a $95.00 price target (down previously from $110.00) on shares of BWX Technologies in a report on Monday, March 25th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, BWX Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $96.33.

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.