BWX Technologies, Inc. (NYSE:BWXT) Stake Increased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC grew its holdings in BWX Technologies, Inc. (NYSE:BWXT) by 7.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 5,293 shares of the technology company’s stock after purchasing an additional 364 shares during the period. Concurrent Investment Advisors LLC’s holdings in BWX Technologies were worth $590,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Private Advisor Group LLC acquired a new position in shares of BWX Technologies in the fourth quarter worth $1,039,000. Financial Sense Advisors Inc. increased its stake in shares of BWX Technologies by 31.0% in the fourth quarter. Financial Sense Advisors Inc. now owns 13,187 shares of the technology company’s stock worth $1,469,000 after acquiring an additional 3,118 shares during the last quarter. Venturi Wealth Management LLC increased its stake in shares of BWX Technologies by 12.1% in the fourth quarter. Venturi Wealth Management LLC now owns 7,129 shares of the technology company’s stock worth $794,000 after acquiring an additional 771 shares during the last quarter. Pinnbrook Capital Management LP acquired a new position in shares of BWX Technologies in the fourth quarter worth $5,258,000. Finally, Truist Financial Corp increased its stake in shares of BWX Technologies by 13.7% in the fourth quarter. Truist Financial Corp now owns 10,674 shares of the technology company’s stock worth $1,189,000 after acquiring an additional 1,289 shares during the last quarter. Hedge funds and other institutional investors own 94.39% of the company’s stock.

Analyst Ratings Changes

BWXT has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft upped their price target on shares of BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Bank of America increased their target price on shares of BWX Technologies from $115.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Truist Financial increased their target price on shares of BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. StockNews.com downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Finally, Barclays increased their target price on shares of BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a research 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 data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $127.50.

BWX Technologies Stock Down 1.5 %

NYSE BWXT opened at $99.84 on Tuesday. 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 $113.75 and a 200 day simple moving average of $114.23. BWX Technologies, Inc. has a twelve month low of $86.70 and a twelve month high of $136.31. The stock has a market cap of $9.13 billion, a PE ratio of 33.06, a PEG ratio of 3.20 and a beta of 0.73.

BWX Technologies (NYSE:BWXT) last released its earnings results on Monday, February 24th. The technology company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.12. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. On average, research analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Tuesday, March 11th will be paid a dividend of $0.25 per share. This is a boost from BWX Technologies’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 1.00%. BWX Technologies’s dividend payout ratio (DPR) is currently 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.