Hanseatic Management Services Inc. Purchases Shares of 685 BWX Technologies, Inc. (NYSE:BWXT)

Hanseatic Management Services Inc. acquired a new stake in shares of BWX Technologies, Inc. (NYSE:BWXT) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 685 shares of the technology company’s stock, valued at approximately $76,000.

A number of other institutional investors also recently modified their holdings of BWXT. Thrivent Financial for Lutherans grew its stake in shares of BWX Technologies by 1,121.6% in the second quarter. Thrivent Financial for Lutherans now owns 578,068 shares of the technology company’s stock worth $54,916,000 after purchasing an additional 530,749 shares during the last quarter. FMR LLC lifted its holdings in BWX Technologies by 22.3% in the 3rd quarter. FMR LLC now owns 1,754,567 shares of the technology company’s stock worth $190,721,000 after buying an additional 320,217 shares during the period. Van ECK Associates Corp grew its position in shares of BWX Technologies by 49.7% in the 3rd quarter. Van ECK Associates Corp now owns 960,269 shares of the technology company’s stock worth $104,381,000 after buying an additional 318,598 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of BWX Technologies by 12.7% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,707,832 shares of the technology company’s stock valued at $162,244,000 after acquiring an additional 192,042 shares in the last quarter. Finally, Select Equity Group L.P. lifted its stake in BWX Technologies by 28.4% in the second quarter. Select Equity Group L.P. now owns 718,198 shares of the technology company’s stock worth $68,229,000 after acquiring an additional 158,830 shares during the period. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BWXT has been the topic of a number of research analyst reports. Barclays boosted their price objective on shares of BWX Technologies from $90.00 to $105.00 and gave the company an “underweight” rating in a research report on Monday, December 16th. Truist Financial raised their price objective on shares of BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a report on Tuesday, January 14th. Alembic Global Advisors upgraded BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 target price on the stock in a 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 note on Thursday, November 14th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $127.50.

BWX Technologies Stock Up 1.3 %

Shares of NYSE:BWXT opened at $122.75 on Friday. 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 stock has a fifty day simple moving average of $121.41 and a two-hundred day simple moving average of $111.43. BWX Technologies, Inc. has a 12-month low of $78.47 and a 12-month high of $136.31. The stock has a market capitalization of $11.22 billion, a price-to-earnings ratio of 40.65, a PEG ratio of 3.59 and a beta of 0.73.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings results 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 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%. BWX Technologies’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.67 EPS. On average, research analysts anticipate that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders 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 dividend yield of 0.78%. The ex-dividend date was Tuesday, November 19th. BWX Technologies’s payout ratio is 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.