Cadinha & Co. LLC Has $7.17 Million Position in BWX Technologies, Inc. (NYSE:BWXT)

Cadinha & Co. LLC lifted its holdings in BWX Technologies, Inc. (NYSE:BWXT) by 469.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 64,341 shares of the technology company’s stock after purchasing an additional 53,038 shares during the period. BWX Technologies accounts for approximately 1.2% of Cadinha & Co. LLC’s portfolio, making the stock its 24th biggest holding. Cadinha & Co. LLC’s holdings in BWX Technologies were worth $7,167,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Geode Capital Management LLC raised its stake in BWX Technologies by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,682,563 shares of the technology company’s stock valued at $182,938,000 after purchasing an additional 26,130 shares during the last quarter. Cooper Financial Group acquired a new position in shares of BWX Technologies during the fourth quarter valued at about $737,000. Hilton Capital Management LLC bought a new stake in shares of BWX Technologies in the third quarter valued at about $2,237,000. AQR Capital Management LLC grew its position in BWX Technologies by 77.8% during the second quarter. AQR Capital Management LLC now owns 132,263 shares of the technology company’s stock worth $12,565,000 after buying an additional 57,879 shares in the last quarter. Finally, Bullseye Asset Management LLC increased its stake in BWX Technologies by 39.5% during the third quarter. Bullseye Asset Management LLC now owns 17,655 shares of the technology company’s stock valued at $1,920,000 after acquiring an additional 5,000 shares during the period. Institutional investors and hedge funds own 94.39% of the company’s stock.

BWX Technologies Price Performance

Shares of BWX Technologies stock opened at $122.75 on Friday. BWX Technologies, Inc. has a 1-year low of $78.47 and a 1-year high of $136.31. The firm’s 50-day moving average price is $121.41 and its two-hundred day moving average price is $111.43. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $11.22 billion, a price-to-earnings ratio of 40.65, a P/E/G ratio of 3.59 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 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.06. The firm had revenue of $672.00 million during the quarter, compared to analysts’ expectations of $658.84 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The business’s revenue was up 13.9% on a year-over-year basis. During the same period last year, the firm posted $0.67 EPS. On average, equities analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 19th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $0.96 annualized dividend and a yield of 0.78%. BWX Technologies’s dividend payout ratio (DPR) is 31.79%.

Analyst Ratings Changes

Several brokerages have recently weighed in on BWXT. Truist Financial lifted their price objective on BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a report on Tuesday, January 14th. Maxim Group lifted their price target on shares of BWX Technologies from $138.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Deutsche Bank Aktiengesellschaft increased their price objective 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. StockNews.com lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Finally, Barclays increased their price target on shares of BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a research report on Monday, December 16th. One investment 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.