263 Shares in BWX Technologies, Inc. (NYSE:BWXT) Bought by Retirement Wealth Solutions LLC

Retirement Wealth Solutions LLC purchased a new stake in BWX Technologies, Inc. (NYSE:BWXT) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 263 shares of the technology company’s stock, valued at approximately $30,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Hennion & Walsh Asset Management Inc. boosted its stake in shares of BWX Technologies by 35.8% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 12,105 shares of the technology company’s stock worth $1,348,000 after buying an additional 3,192 shares during the last quarter. Park Avenue Securities LLC lifted its holdings in BWX Technologies by 49.3% in the fourth quarter. Park Avenue Securities LLC now owns 4,945 shares of the technology company’s stock valued at $551,000 after acquiring an additional 1,633 shares during the period. Oak Thistle LLC acquired a new position in BWX Technologies in the fourth quarter valued at approximately $1,763,000. Floyd Financial Group LLC purchased a new stake in BWX Technologies in the 4th quarter worth approximately $1,985,000. Finally, AdvisorNet Financial Inc grew its stake in shares of BWX Technologies by 15.4% during the 4th quarter. AdvisorNet Financial Inc now owns 779 shares of the technology company’s stock worth $87,000 after purchasing an additional 104 shares during the period. 94.39% of the stock is owned by institutional investors and hedge funds.

BWX Technologies Stock Performance

NYSE BWXT opened at $122.75 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. The stock’s 50 day simple moving average is $121.41 and its 200-day simple moving average is $111.31. The company has a market cap of $11.22 billion, a PE ratio of 40.65, a price-to-earnings-growth ratio of 3.59 and a beta of 0.73. BWX Technologies, Inc. has a 1-year low of $78.47 and a 1-year high of $136.31.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings data 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. 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 analyst estimates of $658.84 million. During the same quarter last year, the firm posted $0.67 EPS. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. As a group, equities research analysts anticipate 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 was paid on Tuesday, December 10th. Investors of record on Tuesday, November 19th were paid 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 is presently 31.79%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Truist Financial increased their price target on shares of BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a report on Tuesday. Alembic Global Advisors upgraded shares of BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price objective for the company in a research report on Tuesday, November 12th. Bank of America raised their target price on BWX Technologies from $115.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Barclays upped their price target on BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a report on Monday, December 16th. Finally, Maxim Group raised their price objective on BWX Technologies from $138.00 to $140.00 and gave the company a “buy” rating in a report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus 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.