BWX Technologies, Inc. (NYSE:BWXT) Shares Bought by Empowered Funds LLC

Empowered Funds LLC lifted its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 14.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,051 shares of the technology company’s stock after acquiring an additional 507 shares during the period. Empowered Funds LLC’s holdings in BWX Technologies were worth $440,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Quent Capital LLC raised its holdings in shares of BWX Technologies by 147.6% during the third quarter. Quent Capital LLC now owns 255 shares of the technology company’s stock worth $28,000 after purchasing an additional 152 shares during the period. UMB Bank n.a. raised its stake in BWX Technologies by 729.0% during the third quarter. UMB Bank n.a. now owns 257 shares of the technology company’s stock worth $28,000 after acquiring an additional 226 shares during the period. V Square Quantitative Management LLC bought a new position in BWX Technologies in the third quarter worth about $31,000. GAMMA Investing LLC boosted its stake in BWX Technologies by 58.9% in the second quarter. GAMMA Investing LLC now owns 429 shares of the technology company’s stock valued at $41,000 after acquiring an additional 159 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of BWX Technologies during the second quarter valued at approximately $45,000. 94.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BWXT has been the topic of several recent research reports. StockNews.com downgraded BWX Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Truist Financial raised their target price on BWX Technologies from $95.00 to $106.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Bank of America upped their price target on shares of BWX Technologies from $115.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, Alembic Global Advisors upgraded shares of BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 target price for the company in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $122.43.

BWX Technologies Price Performance

NYSE BWXT opened at $132.89 on Monday. BWX Technologies, Inc. has a 12 month low of $74.69 and a 12 month high of $136.31. The firm has a market capitalization of $12.15 billion, a PE ratio of 44.00, a P/E/G ratio of 4.47 and a beta of 0.69. The company’s 50 day simple moving average is $118.52 and its 200 day simple moving average is $103.43. 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 (NYSE:BWXT) last posted its quarterly earnings data on Monday, November 4th. The technology company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.06. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The company had revenue of $672.00 million for the quarter, compared to the consensus estimate of $658.84 million. During the same quarter in the previous year, the business earned $0.67 EPS. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. As a group, equities research analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th will be paid a $0.24 dividend. The ex-dividend date is Tuesday, November 19th. This represents a $0.96 annualized dividend and a dividend yield of 0.72%. BWX Technologies’s dividend payout ratio is currently 31.79%.

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.