Cerity Partners LLC Acquires 8,876 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Cerity Partners LLC increased its stake in BWX Technologies, Inc. (NYSE:BWXT) by 69.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,703 shares of the technology company’s stock after buying an additional 8,876 shares during the quarter. Cerity Partners LLC’s holdings in BWX Technologies were worth $2,359,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in BWXT. Thrivent Financial for Lutherans increased its stake in shares of BWX Technologies by 1,121.6% during the second quarter. Thrivent Financial for Lutherans now owns 578,068 shares of the technology company’s stock valued at $54,916,000 after buying an additional 530,749 shares during the period. Van ECK Associates Corp increased its holdings in BWX Technologies by 49.7% in the 3rd quarter. Van ECK Associates Corp now owns 960,269 shares of the technology company’s stock worth $104,381,000 after buying an additional 318,598 shares during the period. Sapient Capital LLC acquired a new position in BWX Technologies during the second quarter valued at $29,408,000. American Century Companies Inc. grew its holdings in BWX Technologies by 37.9% during the second quarter. American Century Companies Inc. now owns 738,542 shares of the technology company’s stock worth $70,161,000 after acquiring an additional 203,067 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of BWX Technologies by 12.7% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,707,832 shares of the technology company’s stock valued at $162,244,000 after purchasing an additional 192,042 shares in the last quarter. 94.39% of the stock is owned by hedge funds and other institutional investors.

BWX Technologies Price Performance

Shares of BWXT opened at $130.85 on Monday. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. BWX Technologies, Inc. has a 1-year low of $74.69 and a 1-year high of $136.31. The stock has a market cap of $11.96 billion, a PE ratio of 43.33, a price-to-earnings-growth ratio of 4.38 and a beta of 0.69. The firm has a fifty day moving average price of $121.74 and a 200 day moving average price of $104.79.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Monday, November 4th. The technology company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.77 by $0.06. The firm had revenue of $672.00 million during the quarter, compared to the consensus estimate of $658.84 million. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. BWX Technologies’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.67 EPS. As a group, sell-side analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Tuesday, November 19th. BWX Technologies’s payout ratio is 31.79%.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Bank of America raised their price objective on BWX Technologies from $115.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, November 14th. StockNews.com cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Alembic Global Advisors raised shares of BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 target price on the stock in a research report on Tuesday, November 12th. Truist Financial boosted their price objective on BWX Technologies from $95.00 to $106.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $122.43.

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.