Park Avenue Securities LLC Purchases 1,633 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Park Avenue Securities LLC lifted its position in BWX Technologies, Inc. (NYSE:BWXT) by 49.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,945 shares of the technology company’s stock after acquiring an additional 1,633 shares during the quarter. Park Avenue Securities LLC’s holdings in BWX Technologies were worth $551,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in BWXT. FMR LLC increased its stake in BWX Technologies by 22.3% in the third quarter. FMR LLC now owns 1,754,567 shares of the technology company’s stock worth $190,721,000 after purchasing an additional 320,217 shares during the period. Van ECK Associates Corp grew its holdings in shares of BWX Technologies by 49.7% in the third quarter. Van ECK Associates Corp now owns 960,269 shares of the technology company’s stock worth $104,381,000 after purchasing an additional 318,598 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in BWX Technologies by 29.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 746,145 shares of the technology company’s stock worth $81,105,000 after buying an additional 168,077 shares during the period. Select Equity Group L.P. lifted its holdings in BWX Technologies by 28.4% during the 2nd quarter. Select Equity Group L.P. now owns 718,198 shares of the technology company’s stock valued at $68,229,000 after buying an additional 158,830 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in BWX Technologies in the 3rd quarter valued at about $136,780,000. 94.39% of the stock is owned by hedge funds and other institutional investors.

BWX Technologies Trading Up 0.1 %

Shares of NYSE BWXT opened at $128.42 on Friday. The business has a fifty day moving average price of $121.25 and a 200 day moving average price of $112.18. BWX Technologies, Inc. has a 1-year low of $80.48 and a 1-year high of $136.31. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. The stock has a market capitalization of $11.74 billion, a P/E ratio of 42.52, a price-to-earnings-growth ratio of 3.87 and a beta of 0.73.

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. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The business had revenue of $672.00 million during the quarter, compared to analyst estimates of $658.84 million. During the same period in the prior year, the firm posted $0.67 earnings per share. The company’s quarterly revenue was up 13.9% on a year-over-year basis. Equities research analysts expect that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 19th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend was Tuesday, November 19th. BWX Technologies’s dividend payout ratio is currently 31.79%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on BWXT shares. Truist Financial raised their target price on shares of BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. Bank of America raised their price objective on BWX Technologies from $115.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft lifted their target price on BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. StockNews.com downgraded BWX Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Finally, Alembic Global Advisors upgraded BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price objective for the company in a report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $127.50.

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.