BWX Technologies, Inc. (NYSE:BWXT) Shares Purchased by Cadinha & Co. LLC

Cadinha & Co. LLC boosted 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 Securities & Exchange Commission. The fund owned 64,341 shares of the technology company’s stock after acquiring an additional 53,038 shares during the period. BWX Technologies comprises about 1.2% of Cadinha & Co. LLC’s investment portfolio, making the stock its 24th biggest holding. Cadinha & Co. LLC owned about 0.07% of BWX Technologies worth $7,167,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Kera Capital Partners Inc. acquired a new position in shares of BWX Technologies during the fourth quarter valued at $224,000. Hanseatic Management Services Inc. acquired a new stake in shares of BWX Technologies in the 4th quarter worth about $76,000. Retirement Wealth Solutions LLC bought a new stake in BWX Technologies in the 4th quarter valued at about $30,000. Hennion & Walsh Asset Management Inc. boosted its stake in BWX Technologies by 35.8% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 12,105 shares of the technology company’s stock valued at $1,348,000 after purchasing an additional 3,192 shares during the period. Finally, Park Avenue Securities LLC grew its position in BWX Technologies by 49.3% in the 4th quarter. Park Avenue Securities LLC now owns 4,945 shares of the technology company’s stock worth $551,000 after purchasing an additional 1,633 shares during the last quarter. 94.39% of the stock is currently owned by institutional investors and hedge funds.

BWX Technologies Price Performance

Shares of NYSE:BWXT opened at $122.75 on Friday. BWX Technologies, Inc. has a 12-month low of $78.47 and a 12-month high of $136.31. The company has a market cap of $11.22 billion, a P/E ratio of 40.65, a price-to-earnings-growth ratio of 3.59 and a beta of 0.73. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15. The company’s fifty day moving average is $121.41 and its two-hundred day moving average is $111.43.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings results 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 business had revenue of $672.00 million for the quarter, compared to the consensus estimate of $658.84 million. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. BWX Technologies’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.67 earnings per share. Equities analysts expect that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The business also recently announced 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. 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 currently 31.79%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on BWXT shares. StockNews.com cut BWX Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Maxim Group increased their target price on shares of BWX Technologies from $138.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Truist Financial boosted their price target on shares of BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. Barclays increased their price objective on shares of BWX Technologies from $90.00 to $105.00 and gave the company an “underweight” rating in a report on Monday, December 16th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. 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 company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $127.50.

About BWX Technologies

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.