Cerity Partners LLC Purchases 3,318 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Cerity Partners LLC boosted its position in BWX Technologies, Inc. (NYSE:BWXT) by 117.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,136 shares of the technology company’s stock after purchasing an additional 3,318 shares during the quarter. Cerity Partners LLC’s holdings in BWX Technologies were worth $471,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Seelaus Asset Management LLC lifted its position in shares of BWX Technologies by 15.4% during the 4th quarter. Seelaus Asset Management LLC now owns 4,315 shares of the technology company’s stock valued at $331,000 after acquiring an additional 575 shares during the period. Sequoia Financial Advisors LLC lifted its position in shares of BWX Technologies by 978.2% during the 4th quarter. Sequoia Financial Advisors LLC now owns 33,705 shares of the technology company’s stock valued at $2,586,000 after acquiring an additional 30,579 shares during the period. International Assets Investment Management LLC bought a new stake in shares of BWX Technologies during the 4th quarter valued at $21,320,000. Cadinha & Co. LLC lifted its position in shares of BWX Technologies by 0.3% during the 4th quarter. Cadinha & Co. LLC now owns 121,880 shares of the technology company’s stock valued at $9,352,000 after acquiring an additional 343 shares during the period. Finally, Fulton Bank N.A. bought a new stake in shares of BWX Technologies during the 4th quarter valued at $305,000. 94.39% of the stock is currently owned by institutional investors.

BWX Technologies Price Performance

BWX Technologies stock opened at $94.70 on Friday. BWX Technologies, Inc. has a 52 week low of $60.17 and a 52 week high of $107.18. The stock has a fifty day moving average of $97.58 and a 200-day moving average of $85.12. The company has a debt-to-equity ratio of 1.29, a quick ratio of 2.18 and a current ratio of 2.18. The stock has a market capitalization of $8.66 billion, a P/E ratio of 35.20, a price-to-earnings-growth ratio of 2.99 and a beta of 0.73.

BWX Technologies (NYSE:BWXT) last issued its earnings results on Tuesday, February 27th. The technology company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.07. BWX Technologies had a return on equity of 32.38% and a net margin of 9.85%. The business had revenue of $725.52 million during the quarter, compared to analysts’ expectations of $659.42 million. During the same quarter in the prior year, the firm earned $0.93 EPS. The business’s revenue for the quarter was up 16.2% compared to the same quarter last year. On average, sell-side analysts expect that BWX Technologies, Inc. will post 3.14 earnings per share for the current fiscal year.

BWX Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Monday, March 11th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend was Friday, March 8th. This is a boost from BWX Technologies’s previous quarterly dividend of $0.23. BWX Technologies’s dividend payout ratio is presently 35.69%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. StockNews.com downgraded BWX Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, March 12th. Truist Financial reissued a “hold” rating and set a $95.00 price target (down previously from $110.00) on shares of BWX Technologies in a report on Monday, March 25th. Finally, Bank of America boosted their price target on BWX Technologies from $82.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, BWX Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.00.

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.