Cwm LLC Acquires 427 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Cwm LLC boosted its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT) by 85.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 928 shares of the technology company’s stock after buying an additional 427 shares during the quarter. Cwm LLC’s holdings in BWX Technologies were worth $71,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in BWXT. Invesco Ltd. raised its stake in shares of BWX Technologies by 16.6% in the third quarter. Invesco Ltd. now owns 2,027,376 shares of the technology company’s stock worth $152,013,000 after buying an additional 288,287 shares during the period. FMR LLC lifted its holdings in BWX Technologies by 1.8% during the third quarter. FMR LLC now owns 1,884,236 shares of the technology company’s stock valued at $141,280,000 after purchasing an additional 32,664 shares in the last quarter. Clearbridge Investments LLC boosted its position in shares of BWX Technologies by 4.0% in the third quarter. Clearbridge Investments LLC now owns 1,347,912 shares of the technology company’s stock worth $101,066,000 after purchasing an additional 52,462 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of BWX Technologies by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,040,674 shares of the technology company’s stock worth $78,030,000 after purchasing an additional 11,010 shares during the period. Finally, Fiera Capital Corp increased its stake in shares of BWX Technologies by 2.9% in the third quarter. Fiera Capital Corp now owns 892,837 shares of the technology company’s stock worth $66,945,000 after purchasing an additional 25,467 shares in the last quarter. 94.39% of the stock is currently owned by institutional investors.

BWX Technologies Stock Performance

NYSE:BWXT opened at $88.08 on Thursday. The company has a market cap of $8.05 billion, a price-to-earnings ratio of 31.80, a PEG ratio of 3.10 and a beta of 0.75. BWX Technologies, Inc. has a 1 year low of $60.17 and a 1 year high of $107.18. The stock’s 50 day simple moving average is $98.52 and its two-hundred day simple moving average is $86.33. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.18 and a quick ratio of 2.18.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings results on Monday, May 6th. The technology company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.09. BWX Technologies had a net margin of 9.85% and a return on equity of 32.38%. The company had revenue of $603.97 million for the quarter, compared to analysts’ expectations of $599.92 million. During the same quarter in the previous year, the business posted $0.70 earnings per share. BWX Technologies’s quarterly revenue was up 6.3% on a year-over-year basis. As a group, equities analysts anticipate that BWX Technologies, Inc. will post 3.14 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Friday, May 17th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date is Thursday, May 16th. BWX Technologies’s payout ratio is 34.66%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on BWXT shares. Truist Financial reaffirmed a “hold” rating and issued a $95.00 target price (down previously from $110.00) on shares of BWX Technologies in a report on Monday, March 25th. Bank of America increased their target price on BWX Technologies from $82.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. StockNews.com raised BWX Technologies from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of BWX Technologies from $111.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $92.43.

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.