Concentric Capital Strategies LP Raises Stock Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Concentric Capital Strategies LP raised its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 79.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 109,983 shares of the technology company’s stock after purchasing an additional 48,523 shares during the period. Concentric Capital Strategies LP owned 0.12% of BWX Technologies worth $11,955,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Stone House Investment Management LLC increased its stake 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 worth $25,000 after purchasing an additional 99 shares during the period. Quent Capital LLC grew its stake in BWX Technologies by 147.6% during the 3rd quarter. Quent Capital LLC now owns 255 shares of the technology company’s stock worth $28,000 after buying an additional 152 shares during the last quarter. UMB Bank n.a. grew its position in shares of BWX Technologies by 729.0% during the third quarter. UMB Bank n.a. now owns 257 shares of the technology company’s stock worth $28,000 after acquiring an additional 226 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in BWX Technologies in the third quarter valued at $31,000. Finally, GAMMA Investing LLC raised its stake in shares of BWX Technologies by 58.9% during the second quarter. GAMMA Investing LLC now owns 429 shares of the technology company’s stock worth $41,000 after purchasing an additional 159 shares during the last quarter. 94.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BWXT. Truist Financial boosted their target price on BWX Technologies from $95.00 to $106.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. StockNews.com cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Alembic Global Advisors upgraded shares of BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price target for the company in a research report on Tuesday, November 12th. Bank of America boosted their price objective on BWX Technologies from $115.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Finally, Deutsche Bank Aktiengesellschaft boosted 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, BWX Technologies has a consensus rating of “Moderate Buy” and an average price target of $122.43.

BWX Technologies Price Performance

Shares of NYSE:BWXT opened at $130.85 on Monday. The company has a 50 day moving average of $121.74 and a 200 day moving average of $104.89. BWX Technologies, Inc. has a 12 month low of $74.69 and a 12 month high of $136.31. 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 market cap of $11.96 billion, a P/E ratio of 43.33, a P/E/G ratio of 4.38 and a beta of 0.69.

BWX Technologies (NYSE:BWXT) last posted its earnings results on Monday, November 4th. The technology company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.06. The business had revenue of $672.00 million during 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%. The firm’s revenue was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.67 EPS. As a group, sell-side analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 19th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $0.96 annualized dividend and a yield of 0.73%. 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.