BWX Technologies, Inc. (NYSE:BWXT) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lowered its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 1.3% in the fourth quarter, HoldingsChannel reports. The fund owned 38,396 shares of the technology company’s stock after selling 525 shares during the quarter. Yousif Capital Management LLC’s holdings in BWX Technologies were worth $2,946,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. SG Americas Securities LLC grew its position in BWX Technologies by 54.6% during the third quarter. SG Americas Securities LLC now owns 6,958 shares of the technology company’s stock valued at $522,000 after acquiring an additional 2,456 shares during the period. Exchange Traded Concepts LLC purchased a new position in BWX Technologies in the third quarter valued at approximately $608,000. Oak Thistle LLC purchased a new position in shares of BWX Technologies in the 3rd quarter valued at $425,000. Commonwealth Equity Services LLC acquired a new position in shares of BWX Technologies during the 3rd quarter valued at $220,000. Finally, Raymond James & Associates boosted its position in BWX Technologies by 3.6% during the 3rd quarter. Raymond James & Associates now owns 353,854 shares of the technology company’s stock worth $26,532,000 after purchasing an additional 12,430 shares during the period. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

BWX Technologies Price Performance

BWXT opened at $95.99 on Monday. The company has a market capitalization of $8.77 billion, a P/E ratio of 35.68, a PEG ratio of 3.06 and a beta of 0.73. The company has a 50-day moving average of $97.89 and a 200-day moving average of $85.38. The company has a debt-to-equity ratio of 1.29, a quick ratio of 2.18 and a current ratio of 2.18. BWX Technologies, Inc. has a 1-year low of $60.17 and a 1-year high of $107.18.

BWX Technologies (NYSE:BWXT) last released its earnings results on Tuesday, February 27th. The technology company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.07. BWX Technologies had a return on equity of 32.38% and a net margin of 9.85%. The company had revenue of $725.52 million for the quarter, compared to the consensus estimate of $659.42 million. During the same quarter last year, the business posted $0.93 EPS. BWX Technologies’s quarterly revenue was up 16.2% compared to the same quarter last year. Equities analysts expect that BWX Technologies, Inc. will post 3.14 EPS for the current fiscal year.

BWX Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Monday, March 11th were paid a dividend of $0.24 per share. This is a positive change from BWX Technologies’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.96 annualized dividend and a yield of 1.00%. BWX Technologies’s dividend payout ratio is 35.69%.

Analysts Set New Price Targets

BWXT has been the subject of several analyst reports. StockNews.com downgraded BWX Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, March 12th. Bank of America boosted their price objective on shares of BWX Technologies from $82.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Finally, Truist Financial restated a “hold” rating and set a $95.00 target price (down from $110.00) on shares of BWX Technologies in a research note on Monday, March 25th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, BWX Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.00.

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.