Capital Investment Advisory Services LLC Takes $380,000 Position in BWX Technologies, Inc. (NYSE:BWXT)

Capital Investment Advisory Services LLC bought a new stake in shares of BWX Technologies, Inc. (NYSE:BWXT) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 3,415 shares of the technology company’s stock, valued at approximately $380,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. CIBC Asset Management Inc increased its position in BWX Technologies by 3.4% during the third quarter. CIBC Asset Management Inc now owns 2,667 shares of the technology company’s stock valued at $290,000 after acquiring an additional 87 shares during the last quarter. Stone House Investment Management LLC boosted its stake in shares of BWX Technologies by 76.2% during the 3rd quarter. Stone House Investment Management LLC now owns 229 shares of the technology company’s stock worth $25,000 after purchasing an additional 99 shares during the period. AdvisorNet Financial Inc grew its holdings in BWX Technologies by 15.4% during the 4th quarter. AdvisorNet Financial Inc now owns 779 shares of the technology company’s stock valued at $87,000 after purchasing an additional 104 shares during the last quarter. Fulcrum Equity Management raised its position in BWX Technologies by 4.0% in the 3rd quarter. Fulcrum Equity Management now owns 3,337 shares of the technology company’s stock worth $363,000 after purchasing an additional 127 shares during the period. Finally, Quarry LP raised its position in BWX Technologies by 93.6% in the 3rd quarter. Quarry LP now owns 271 shares of the technology company’s stock worth $29,000 after purchasing an additional 131 shares during the period. Hedge funds and other institutional investors own 94.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BWXT. StockNews.com cut BWX Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Bank of America upped their price objective on BWX Technologies from $115.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Truist Financial raised their price target on shares of BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a research note on Tuesday, January 14th. Finally, Maxim Group boosted their price objective on shares of BWX Technologies from $138.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, January 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $127.50.

BWX Technologies Trading Down 1.9 %

NYSE:BWXT opened at $113.02 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25. The firm has a 50-day simple moving average of $119.51 and a 200-day simple moving average of $112.95. BWX Technologies, Inc. has a one year low of $81.40 and a one year high of $136.31. The firm has a market cap of $10.33 billion, a P/E ratio of 37.42, a P/E/G ratio of 3.42 and a beta of 0.73.

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

BWX Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 19th were paid a $0.24 dividend. The ex-dividend date was Tuesday, November 19th. This represents a $0.96 annualized dividend and a yield of 0.85%. BWX Technologies’s dividend payout ratio (DPR) is presently 31.79%.

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.