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

Exchange Traded Concepts LLC raised its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 121.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,567 shares of the technology company’s stock after purchasing an additional 15,639 shares during the quarter. Exchange Traded Concepts LLC’s holdings in BWX Technologies were worth $3,182,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Stone House Investment Management LLC raised its position in BWX Technologies by 76.2% during the third 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 holdings in shares of BWX Technologies by 147.6% in the 3rd quarter. Quent Capital LLC now owns 255 shares of the technology company’s stock valued at $28,000 after purchasing an additional 152 shares during the period. UMB Bank n.a. lifted its position in shares of BWX Technologies by 729.0% in the third quarter. UMB Bank n.a. now owns 257 shares of the technology company’s stock worth $28,000 after purchasing an additional 226 shares in the last quarter. Quarry LP boosted its holdings in shares of BWX Technologies by 93.6% during 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 period. Finally, Retirement Wealth Solutions LLC purchased a new position in BWX Technologies during the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 94.39% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on BWXT shares. Deutsche Bank Aktiengesellschaft lifted their target price 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 downgraded BWX Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Bank of America upped their target price on BWX Technologies from $115.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Truist Financial lifted their price target on BWX Technologies from $106.00 to $114.00 and gave the company a “hold” rating in a report on Tuesday, January 14th. Finally, Alembic Global Advisors upgraded BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price objective on the stock in a report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.50.

BWX Technologies Trading Down 0.6 %

NYSE:BWXT opened at $127.64 on Friday. 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 50 day moving average is $121.28 and its 200-day moving average is $112.53. The firm has a market cap of $11.67 billion, a price-to-earnings ratio of 42.26, a P/E/G ratio of 3.92 and a beta of 0.73. BWX Technologies, Inc. has a 12 month low of $80.48 and a 12 month high of $136.31.

BWX Technologies (NYSE:BWXT) last released its 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 firm had revenue of $672.00 million during the quarter, compared to analyst estimates of $658.84 million. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The business’s revenue was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.67 EPS. Equities analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 19th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date was Tuesday, November 19th. BWX Technologies’s dividend payout ratio (DPR) is currently 31.79%.

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.