Oak Thistle LLC Takes Position in BWX Technologies, Inc. (NYSE:BWXT)

Oak Thistle LLC purchased a new stake in shares of BWX Technologies, Inc. (NYSE:BWXT) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 15,831 shares of the technology company’s stock, valued at approximately $1,763,000.

Other large investors have also added to or reduced their stakes in the company. Stone House Investment Management LLC boosted its stake in BWX Technologies by 76.2% in the third quarter. Stone House Investment Management LLC now owns 229 shares of the technology company’s stock valued at $25,000 after acquiring an additional 99 shares during the last quarter. Quent Capital LLC raised its holdings in shares of BWX Technologies by 147.6% in the 3rd quarter. Quent Capital LLC now owns 255 shares of the technology company’s stock worth $28,000 after purchasing an additional 152 shares during the period. UMB Bank n.a. grew its holdings in BWX Technologies by 729.0% during the third quarter. UMB Bank n.a. now owns 257 shares of the technology company’s stock valued at $28,000 after purchasing an additional 226 shares during the period. Quarry LP increased its position in BWX Technologies by 93.6% in the third quarter. Quarry LP now owns 271 shares of the technology company’s stock worth $29,000 after buying an additional 131 shares during the last quarter. Finally, V Square Quantitative Management LLC bought a new stake in shares of BWX Technologies in the third quarter valued at $31,000. Hedge funds and other institutional investors own 94.39% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on BWXT. Truist Financial increased their price target on BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a research note on Tuesday. StockNews.com lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Alembic Global Advisors raised shares of BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price target on the stock in a research report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Finally, Barclays boosted their target price on shares of BWX Technologies from $90.00 to $105.00 and gave the company an “underweight” rating in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $127.50.

BWX Technologies Stock Up 2.1 %

Shares of NYSE:BWXT opened at $116.96 on Wednesday. The firm has a fifty day moving average price of $121.44 and a two-hundred day moving average price of $110.83. The company has a market cap of $10.70 billion, a price-to-earnings ratio of 38.73, a PEG ratio of 4.12 and a beta of 0.73. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. BWX Technologies, Inc. has a one year low of $78.47 and a one year high of $136.31.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings data on Monday, November 4th. The technology company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.06. The company had revenue of $672.00 million during the quarter, compared to analyst estimates of $658.84 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the company earned $0.67 earnings per share. Analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 19th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend was Tuesday, November 19th. BWX Technologies’s dividend payout ratio (DPR) is 31.79%.

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.