International Assets Investment Management LLC Takes $21.32 Million Position in BWX Technologies, Inc. (NYSE:BWXT)

International Assets Investment Management LLC acquired a new position in BWX Technologies, Inc. (NYSE:BWXT) during the fourth quarter, Holdings Channel reports. The firm acquired 27,786 shares of the technology company’s stock, valued at approximately $21,320,000.

Several other institutional investors have also modified their holdings of the company. Raymond James & Associates raised its position in BWX Technologies by 4.2% in the fourth quarter. Raymond James & Associates now owns 368,827 shares of the technology company’s stock worth $28,300,000 after acquiring an additional 14,973 shares in the last quarter. FMR LLC raised its holdings in shares of BWX Technologies by 1.8% in the 3rd quarter. FMR LLC now owns 1,884,236 shares of the technology company’s stock worth $141,280,000 after purchasing an additional 32,664 shares in the last quarter. Citigroup Inc. lifted its stake in BWX Technologies by 11.3% during the third quarter. Citigroup Inc. now owns 67,250 shares of the technology company’s stock valued at $5,042,000 after purchasing an additional 6,853 shares during the last quarter. EAM Investors LLC acquired a new stake in BWX Technologies during the third quarter valued at approximately $1,621,000. Finally, Barometer Capital Management Inc. boosted its holdings in BWX Technologies by 100.5% during the third quarter. Barometer Capital Management Inc. now owns 48,340 shares of the technology company’s stock worth $3,625,000 after buying an additional 24,230 shares in the last quarter. Institutional investors and hedge funds own 94.39% of the company’s stock.

BWX Technologies Price Performance

Shares of NYSE:BWXT opened at $97.34 on Friday. The company’s fifty day moving average is $98.64 and its two-hundred day moving average is $86.03. The company has a market cap of $8.90 billion, a P/E ratio of 36.19, a price-to-earnings-growth ratio of 3.04 and a beta of 0.75. BWX Technologies, Inc. has a 12-month low of $60.17 and a 12-month high of $107.18. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 1.29.

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

BWX Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Monday, March 11th were issued a dividend of $0.24 per share. This is a boost from BWX Technologies’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend was Friday, March 8th. BWX Technologies’s dividend payout ratio (DPR) is currently 35.69%.

Analyst Upgrades and Downgrades

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

About BWX Technologies

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.