BWX Technologies, Inc. (NYSE:BWXT) Stock Position Lifted by Concentric Capital Strategies LP

Concentric Capital Strategies LP increased its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 79.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 109,983 shares of the technology company’s stock after acquiring an additional 48,523 shares during the period. Concentric Capital Strategies LP’s holdings in BWX Technologies were worth $11,955,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans raised its holdings in shares of BWX Technologies by 1,121.6% in the 2nd quarter. Thrivent Financial for Lutherans now owns 578,068 shares of the technology company’s stock valued at $54,916,000 after purchasing an additional 530,749 shares during the period. FMR LLC raised its holdings in BWX Technologies by 22.3% in the 3rd quarter. FMR LLC now owns 1,754,567 shares of the technology company’s stock worth $190,721,000 after purchasing an additional 320,217 shares in the last quarter. Van ECK Associates Corp boosted its holdings in BWX Technologies by 49.7% in the third quarter. Van ECK Associates Corp now owns 960,269 shares of the technology company’s stock worth $104,381,000 after purchasing an additional 318,598 shares during the last quarter. Sapient Capital LLC bought a new stake in BWX Technologies in the 2nd quarter worth approximately $29,408,000. Finally, American Century Companies Inc. grew its holdings in BWX Technologies by 37.9% during the 2nd quarter. American Century Companies Inc. now owns 738,542 shares of the technology company’s stock worth $70,161,000 after acquiring an additional 203,067 shares in the last quarter. 94.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft raised their price objective 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. StockNews.com lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Bank of America lifted their price target on shares of BWX Technologies from $115.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Truist Financial raised their price target on BWX Technologies from $95.00 to $106.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Finally, Alembic Global Advisors upgraded 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 note on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, BWX Technologies currently has an average rating of “Moderate Buy” and an average target price of $122.43.

BWX Technologies Stock Performance

BWXT opened at $130.85 on Monday. The company has a market capitalization of $11.96 billion, a price-to-earnings ratio of 43.33, a price-to-earnings-growth ratio of 4.38 and a beta of 0.69. 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 business has a 50 day moving average price of $121.74 and a two-hundred day moving average price of $104.89. BWX Technologies, Inc. has a 1-year low of $74.69 and a 1-year high of $136.31.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings results 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. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The business had revenue of $672.00 million during the quarter, compared to the consensus estimate of $658.84 million. During the same quarter last year, the firm posted $0.67 EPS. The company’s quarterly revenue was up 13.9% on a year-over-year basis. Research analysts predict 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 will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 19th will be paid a dividend of $0.24 per share. The ex-dividend date is Tuesday, November 19th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.73%. 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.