Exchange Traded Concepts LLC Has $3.18 Million Stake in BWX Technologies, Inc. (NYSE:BWXT)

Exchange Traded Concepts LLC grew its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 121.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 28,567 shares of the technology company’s stock after purchasing an additional 15,639 shares during the period. Exchange Traded Concepts LLC’s holdings in BWX Technologies were worth $3,182,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in BWXT. FMR LLC increased its stake in BWX Technologies by 22.3% during the third quarter. FMR LLC now owns 1,754,567 shares of the technology company’s stock valued at $190,721,000 after acquiring an additional 320,217 shares during the period. Geode Capital Management LLC increased its position in shares of BWX Technologies by 1.6% during the third 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 period. Van ECK Associates Corp raised its stake 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 valued at $104,381,000 after purchasing an additional 318,598 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of BWX Technologies by 29.1% in the third quarter. Thrivent Financial for Lutherans now owns 746,145 shares of the technology company’s stock valued at $81,105,000 after purchasing an additional 168,077 shares in the last quarter. Finally, Copeland Capital Management LLC lifted its position in BWX Technologies by 0.8% in the third quarter. Copeland Capital Management LLC now owns 711,773 shares of the technology company’s stock worth $77,370,000 after purchasing an additional 5,723 shares during the period. Institutional investors own 94.39% of the company’s stock.

BWX Technologies Trading Down 0.6 %

Shares of NYSE BWXT opened at $127.64 on Friday. BWX Technologies, Inc. has a 1-year low of $80.48 and a 1-year high of $136.31. 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 company has a 50-day moving average of $121.28 and a two-hundred day moving average of $112.53. The company has a market cap of $11.67 billion, a PE ratio of 42.26, a P/E/G ratio of 3.92 and a beta of 0.73.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings data on Monday, November 4th. The technology company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.06. The firm had revenue of $672.00 million for the quarter, compared to the consensus estimate 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 for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.67 EPS. As a group, equities analysts expect that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Truist Financial raised their target price on BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. Barclays upped their target price on shares of BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a report on Monday, December 16th. Alembic Global Advisors raised shares of BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price target for the company in a report on Tuesday, November 12th. Finally, StockNews.com cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus 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.