Wilmington Savings Fund Society FSB Makes New Investment in BWX Technologies, Inc. (NYSE:BWXT)

Wilmington Savings Fund Society FSB acquired a new stake in shares of BWX Technologies, Inc. (NYSE:BWXT) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,119 shares of the technology company’s stock, valued at approximately $230,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in BWXT. Stone House Investment Management LLC lifted its position in shares of BWX Technologies by 76.2% in the 3rd quarter. Stone House Investment Management LLC now owns 229 shares of the technology company’s stock valued at $25,000 after acquiring an additional 99 shares in the last quarter. Quent Capital LLC lifted its holdings in shares of BWX Technologies by 147.6% in the third quarter. Quent Capital LLC now owns 255 shares of the technology company’s stock valued at $28,000 after purchasing an additional 152 shares in the last quarter. UMB Bank n.a. boosted its position in shares of BWX Technologies by 729.0% in the third quarter. UMB Bank n.a. now owns 257 shares of the technology company’s stock worth $28,000 after buying an additional 226 shares during the period. Quarry LP grew its holdings in shares of BWX Technologies by 93.6% during the third quarter. Quarry LP now owns 271 shares of the technology company’s stock valued at $29,000 after buying an additional 131 shares in the last quarter. Finally, V Square Quantitative Management LLC acquired a new position in BWX Technologies during the third quarter valued at $31,000. 94.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on BWXT shares. Truist Financial lifted 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 boosted their price objective on shares of BWX Technologies from $115.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. 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. Finally, StockNews.com lowered BWX Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $124.57.

BWX Technologies Stock Performance

BWXT opened at $118.12 on Wednesday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25. The company has a market cap of $10.80 billion, a PE ratio of 39.10, a price-to-earnings-growth ratio of 4.12 and a beta of 0.70. The stock has a 50-day moving average of $124.86 and a 200-day moving average of $107.72. BWX Technologies, Inc. has a 52-week low of $74.69 and a 52-week high of $136.31.

BWX Technologies (NYSE:BWXT) last announced its earnings results on Monday, November 4th. The technology company reported $0.83 earnings per share (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 firm had revenue of $672.00 million during the quarter, compared to analysts’ expectations of $658.84 million. During the same quarter in the prior year, the business earned $0.67 earnings per share. The company’s revenue was up 13.9% on a year-over-year basis. As a group, equities research analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 19th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date was Tuesday, November 19th. BWX Technologies’s dividend payout ratio is 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.