4,963 Shares in BWX Technologies, Inc. (NYSE:BWXT) Bought by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC purchased a new stake in shares of BWX Technologies, Inc. (NYSE:BWXT) during the 4th quarter, HoldingsChannel reports. The firm purchased 4,963 shares of the technology company’s stock, valued at approximately $381,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Invesco Ltd. increased its holdings in BWX Technologies by 16.6% in the 3rd quarter. Invesco Ltd. now owns 2,027,376 shares of the technology company’s stock worth $152,013,000 after acquiring an additional 288,287 shares in the last quarter. Frontier Capital Management Co. LLC increased its stake in shares of BWX Technologies by 28.8% during the fourth quarter. Frontier Capital Management Co. LLC now owns 967,317 shares of the technology company’s stock worth $74,222,000 after purchasing an additional 216,525 shares in the last quarter. First Trust Advisors LP increased its stake in shares of BWX Technologies by 41.3% during the fourth quarter. First Trust Advisors LP now owns 330,559 shares of the technology company’s stock worth $25,364,000 after purchasing an additional 96,629 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in BWX Technologies by 42.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 280,437 shares of the technology company’s stock valued at $21,027,000 after buying an additional 83,747 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in BWX Technologies by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 8,677,218 shares of the technology company’s stock valued at $665,803,000 after buying an additional 65,137 shares in the last quarter. Hedge funds and other institutional investors own 94.39% of the company’s stock.

BWX Technologies Trading Down 0.1 %

Shares of BWXT stock opened at $92.45 on Friday. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.29. BWX Technologies, Inc. has a twelve month low of $67.15 and a twelve month high of $107.18. The company’s 50-day moving average price is $91.25 and its 200-day moving average price is $89.06. The stock has a market cap of $8.45 billion, a price-to-earnings ratio of 33.38, a PEG ratio of 3.48 and a beta of 0.71.

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

BWX Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 6th. Shareholders of record on Friday, May 17th were given a $0.24 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $0.96 dividend on an annualized basis and a yield of 1.04%. BWX Technologies’s dividend payout ratio is currently 34.66%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BWXT. StockNews.com upgraded BWX Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, May 8th. Truist Financial reissued a “hold” rating and issued a $95.00 price objective (down from $110.00) on shares of BWX Technologies in a research note on Monday, March 25th. CLSA started coverage on shares of BWX Technologies in a report on Monday, June 3rd. They set a “buy” rating for the company. Deutsche Bank Aktiengesellschaft decreased their price target on shares of BWX Technologies from $110.00 to $107.00 and set a “buy” rating on the stock in a research note on Monday, June 10th. Finally, Bank of America boosted their price target on shares of BWX Technologies from $82.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $92.00.

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.