Veracity Capital LLC Buys 999 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Veracity Capital LLC boosted its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 10.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,823 shares of the technology company’s stock after purchasing an additional 999 shares during the quarter. Veracity Capital LLC’s holdings in BWX Technologies were worth $1,206,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Stone House Investment Management LLC lifted its stake in shares of BWX Technologies by 76.2% in 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 lifted its position 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 worth $28,000 after acquiring an additional 152 shares during the period. UMB Bank n.a. lifted its position in shares of BWX Technologies by 729.0% in the 3rd 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 period. Retirement Wealth Solutions LLC acquired a new stake in shares of BWX Technologies during the 4th quarter worth approximately $30,000. Finally, Quarry LP increased its position in shares of BWX Technologies by 93.6% during the third quarter. Quarry LP now owns 271 shares of the technology company’s stock valued at $29,000 after purchasing an additional 131 shares during the period. 94.39% of the stock is owned by institutional investors.

BWX Technologies Stock Performance

Shares of NYSE:BWXT opened at $128.42 on Friday. The business has a fifty day moving average of $121.25 and a 200-day moving average of $112.18. The firm has a market cap of $11.74 billion, a PE ratio of 42.52, a price-to-earnings-growth ratio of 3.87 and a beta of 0.73. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25. BWX Technologies, Inc. has a twelve month low of $80.48 and a twelve month high of $136.31.

BWX Technologies (NYSE:BWXT) last announced 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. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The company had revenue of $672.00 million during the quarter, compared to the consensus estimate of $658.84 million. During the same period in the previous year, the firm posted $0.67 earnings per share. The company’s revenue was up 13.9% on a year-over-year basis. On average, equities research analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 19th were given a $0.24 dividend. The ex-dividend date was Tuesday, November 19th. This represents a $0.96 dividend on an annualized basis and a yield of 0.75%. BWX Technologies’s payout ratio is 31.79%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on BWXT shares. Bank of America boosted their price target on shares of BWX Technologies from $115.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Maxim Group upped their target price on shares of BWX Technologies from $138.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, January 10th. 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 research note on Tuesday, November 12th. Truist Financial raised 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. Finally, Deutsche Bank Aktiengesellschaft upped their price target on BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $127.50.

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.