BWX Technologies, Inc. (NYSE:BWXT) Shares Acquired by Curi RMB Capital LLC

Curi RMB Capital LLC increased its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 1.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 58,438 shares of the technology company’s stock after acquiring an additional 654 shares during the quarter. Curi RMB Capital LLC owned approximately 0.06% of BWX Technologies worth $6,352,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. AQR Capital Management LLC increased its stake in BWX Technologies by 77.8% during the second quarter. AQR Capital Management LLC now owns 132,263 shares of the technology company’s stock worth $12,565,000 after acquiring an additional 57,879 shares during the last quarter. Bridges Investment Management Inc. increased its position in shares of BWX Technologies by 76.3% during the 2nd quarter. Bridges Investment Management Inc. now owns 359,147 shares of the technology company’s stock worth $34,119,000 after purchasing an additional 155,387 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in BWX Technologies by 39.9% in the 1st quarter. Russell Investments Group Ltd. now owns 111,757 shares of the technology company’s stock valued at $11,469,000 after buying an additional 31,845 shares during the period. Compass Wealth Management LLC acquired a new position in BWX Technologies in the third quarter valued at about $3,456,000. Finally, Copeland Capital Management LLC boosted its stake in BWX Technologies by 0.8% during the third quarter. Copeland Capital Management LLC now owns 711,773 shares of the technology company’s stock worth $77,370,000 after buying an additional 5,723 shares during the period. Hedge funds and other institutional investors own 94.39% of the company’s stock.

BWX Technologies Price Performance

BWXT stock opened at $128.24 on Friday. The business’s 50-day moving average is $114.57 and its two-hundred day moving average is $101.83. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. The firm has a market capitalization of $11.73 billion, a P/E ratio of 42.46, a P/E/G ratio of 4.63 and a beta of 0.69. BWX Technologies, Inc. has a 1 year low of $74.69 and a 1 year high of $136.31.

BWX Technologies (NYSE:BWXT) last issued its earnings results on Monday, November 4th. The technology company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.06. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The firm had revenue of $672.00 million for the quarter, compared to analysts’ expectations of $658.84 million. During the same quarter last year, the company earned $0.67 earnings per share. The firm’s revenue was up 13.9% compared to the same quarter last year. Analysts anticipate that BWX Technologies, Inc. will post 3.21 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 Tuesday, December 10th. Stockholders of record on Tuesday, November 19th will be given a dividend of $0.24 per share. The ex-dividend date is Tuesday, November 19th. This represents a $0.96 annualized dividend and a dividend yield of 0.75%. BWX Technologies’s dividend payout ratio is currently 31.79%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on BWXT shares. Alembic Global Advisors upgraded shares of BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price objective on the stock in a report on Tuesday. Deutsche Bank Aktiengesellschaft raised their price target on BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. StockNews.com downgraded BWX Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Barclays cut BWX Technologies from an “equal weight” rating to an “underweight” rating and raised their target price for the company from $75.00 to $90.00 in a report on Wednesday, July 24th. Finally, Truist Financial boosted their price target on shares of BWX Technologies from $95.00 to $106.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, BWX Technologies currently has an average rating of “Moderate Buy” and an average target price of $122.43.

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.