Virtu Financial LLC Acquires Shares of 5,163 BWX Technologies, Inc. (NYSE:BWXT)

Virtu Financial LLC bought a new position in BWX Technologies, Inc. (NYSE:BWXT) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 5,163 shares of the technology company’s stock, valued at approximately $396,000.

Several other institutional investors also recently modified their holdings of the business. Invesco Ltd. increased its holdings in BWX Technologies by 16.6% during 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 last quarter. Frontier Capital Management Co. LLC lifted its stake in BWX Technologies by 28.8% in the fourth quarter. Frontier Capital Management Co. LLC now owns 967,317 shares of the technology company’s stock valued at $74,222,000 after purchasing an additional 216,525 shares during the last quarter. First Trust Advisors LP lifted its stake in BWX Technologies by 41.3% in the fourth quarter. First Trust Advisors LP now owns 330,559 shares of the technology company’s stock valued at $25,364,000 after purchasing an additional 96,629 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in BWX Technologies by 42.6% during the third quarter. Envestnet Asset Management Inc. now owns 280,437 shares of the technology company’s stock valued at $21,027,000 after purchasing an additional 83,747 shares during the period. Finally, Ghisallo Capital Management LLC purchased a new stake in BWX Technologies in the fourth quarter worth $4,188,000. 94.39% of the stock is owned by institutional investors.

BWX Technologies Stock Up 1.5 %

Shares of NYSE:BWXT opened at $92.54 on Wednesday. The firm has a fifty day moving average price of $91.39 and a two-hundred day moving average price of $89.01. The company has a market cap of $8.46 billion, a price-to-earnings ratio of 33.41, a PEG ratio of 3.37 and a beta of 0.71. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.24 and a quick ratio of 2.24. BWX Technologies, Inc. has a one year low of $67.15 and a one year high of $107.18.

BWX Technologies (NYSE:BWXT) last posted its earnings results on Monday, May 6th. The technology company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.67 by $0.09. BWX Technologies had a return on equity of 31.57% and a net margin of 10.00%. The business had revenue of $603.97 million during the quarter, compared to analysts’ expectations of $599.92 million. During the same period in the previous year, the business earned $0.70 earnings per share. The firm’s revenue was up 6.3% on a year-over-year basis. Analysts anticipate that BWX Technologies, Inc. will post 3.19 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 6th. Shareholders of record on Friday, May 17th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $0.96 annualized dividend and a yield of 1.04%. BWX Technologies’s payout ratio is presently 34.66%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Truist Financial reiterated a “hold” rating and set a $95.00 price target (down previously from $110.00) on shares of BWX Technologies in a research note on Monday, March 25th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of BWX Technologies from $110.00 to $107.00 and set a “buy” rating on the stock in a research report on Monday, June 10th. CLSA assumed coverage on shares of BWX Technologies in a report on Monday, June 3rd. They issued a “buy” rating for the company. Bank of America boosted their target price on shares of BWX Technologies from $82.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Finally, StockNews.com raised BWX Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, May 8th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $92.00.

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.