2,382 Shares in BWX Technologies, Inc. (NYSE:BWXT) Acquired by FourThought Financial Partners LLC

FourThought Financial Partners LLC bought a new stake in shares of BWX Technologies, Inc. (NYSE:BWXT) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 2,382 shares of the technology company’s stock, valued at approximately $265,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased its position in shares of BWX Technologies by 19.8% during the 4th quarter. Bank of New York Mellon Corp now owns 1,379,779 shares of the technology company’s stock valued at $153,694,000 after purchasing an additional 228,413 shares during the last quarter. RPG Investment Advisory LLC bought a new stake in BWX Technologies during the fourth quarter valued at approximately $982,000. Y Intercept Hong Kong Ltd grew its position in BWX Technologies by 708.0% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 26,737 shares of the technology company’s stock valued at $2,978,000 after buying an additional 23,428 shares during the period. Thompson Davis & CO. Inc. purchased a new stake in BWX Technologies during the fourth quarter valued at approximately $201,000. Finally, Navellier & Associates Inc. raised its position in BWX Technologies by 5.1% in the fourth quarter. Navellier & Associates Inc. now owns 26,964 shares of the technology company’s stock worth $3,004,000 after acquiring an additional 1,306 shares during the period. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. StockNews.com lowered BWX Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Bank of America upped their target price on shares of BWX Technologies from $115.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Alembic Global Advisors upgraded shares of BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price target on the stock in a report on Tuesday, November 12th. 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, Truist Financial boosted 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. 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.com, BWX Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $127.50.

BWX Technologies Stock Up 2.6 %

Shares of NYSE:BWXT opened at $106.77 on Thursday. The company has a market cap of $9.76 billion, a price-to-earnings ratio of 35.36, a PEG ratio of 3.20 and a beta of 0.73. 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 price of $113.33 and a 200 day moving average price of $114.23. BWX Technologies, Inc. has a 12 month low of $86.70 and a 12 month high of $136.31.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings results on Monday, February 24th. The technology company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.80 by $0.12. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The company had revenue of $746.27 million for the quarter, compared to the consensus estimate of $653.16 million. As a group, equities research analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Tuesday, March 11th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This is a boost from BWX Technologies’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.94%. BWX Technologies’s dividend payout ratio is presently 31.79%.

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.