Hanseatic Management Services Inc. Acquires New Shares in BWX Technologies, Inc. (NYSE:BWXT)

Hanseatic Management Services Inc. bought a new position in BWX Technologies, Inc. (NYSE:BWXT) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 685 shares of the technology company’s stock, valued at approximately $76,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Stone House Investment Management LLC lifted its holdings in shares of BWX Technologies by 76.2% during the 3rd quarter. Stone House Investment Management LLC now owns 229 shares of the technology company’s stock valued at $25,000 after buying an additional 99 shares during the period. Quent Capital LLC increased its position in BWX Technologies by 147.6% during the third quarter. Quent Capital LLC now owns 255 shares of the technology company’s stock valued at $28,000 after acquiring an additional 152 shares during the last quarter. UMB Bank n.a. lifted its holdings in BWX Technologies by 729.0% in the third quarter. UMB Bank n.a. now owns 257 shares of the technology company’s stock valued at $28,000 after acquiring an additional 226 shares during the period. Quarry LP boosted its position in BWX Technologies by 93.6% in the third quarter. Quarry LP now owns 271 shares of the technology company’s stock worth $29,000 after purchasing an additional 131 shares during the last quarter. Finally, Retirement Wealth Solutions LLC purchased a new position in BWX Technologies in the fourth quarter worth about $30,000. Institutional investors own 94.39% of the company’s stock.

BWX Technologies Trading Up 1.3 %

Shares of BWX Technologies stock opened at $122.75 on Friday. BWX Technologies, Inc. has a fifty-two week low of $78.47 and a fifty-two week high of $136.31. 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 capitalization of $11.22 billion, a P/E ratio of 40.65, a P/E/G ratio of 3.59 and a beta of 0.73. The company has a fifty day moving average of $121.41 and a 200 day moving average of $111.43.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings data on Monday, November 4th. The technology company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.06. The firm had revenue of $672.00 million during the quarter, compared to analyst estimates of $658.84 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.67 earnings per share. On average, sell-side analysts anticipate that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on BWXT shares. Truist Financial increased their price objective on shares of BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a research note on Tuesday, January 14th. 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. Deutsche Bank Aktiengesellschaft boosted 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. Bank of America raised their target price on BWX Technologies from $115.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Finally, Maxim Group boosted their price target on BWX Technologies from $138.00 to $140.00 and gave the company a “buy” rating in a report on Friday, January 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $127.50.

BWX Technologies Company 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.