BWX Technologies, Inc. (NYSE:BWXT) Stake Boosted by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC grew its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 7.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,293 shares of the technology company’s stock after purchasing an additional 364 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in BWX Technologies were worth $590,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Narwhal Capital Management grew its holdings in BWX Technologies by 33.4% in the 4th quarter. Narwhal Capital Management now owns 20,979 shares of the technology company’s stock worth $2,337,000 after buying an additional 5,250 shares in the last quarter. Geode Capital Management LLC grew its holdings in BWX Technologies by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,682,563 shares of the technology company’s stock worth $182,938,000 after buying an additional 26,130 shares in the last quarter. Cadinha & Co. LLC grew its holdings in BWX Technologies by 469.2% in the 4th quarter. Cadinha & Co. LLC now owns 64,341 shares of the technology company’s stock worth $7,167,000 after buying an additional 53,038 shares in the last quarter. Cooper Financial Group bought a new position in BWX Technologies in the 4th quarter worth approximately $737,000. Finally, Strategic Planning Group LLC bought a new position in BWX Technologies in the 4th quarter worth approximately $3,005,000. 94.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on BWXT shares. StockNews.com lowered BWX Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Maxim Group increased their price target on BWX Technologies from $138.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Truist Financial increased their price target on BWX Technologies from $106.00 to $114.00 and gave the company a “hold” rating in a research note on Tuesday, January 14th. Bank of America increased their price target 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 increased their price target on BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $127.50.

BWX Technologies Price Performance

Shares of NYSE:BWXT opened at $99.84 on Tuesday. BWX Technologies, Inc. has a one year low of $86.70 and a one year high of $136.31. The stock has a fifty day moving average of $113.75 and a 200-day moving average of $114.23. The company has a market capitalization of $9.13 billion, a PE ratio of 33.06, a price-to-earnings-growth ratio of 3.20 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 (NYSE:BWXT) last announced its quarterly earnings data on Monday, February 24th. The technology company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.12. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. As a group, equities analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Increases Dividend

The firm also recently announced 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.00%. This is a positive change from BWX Technologies’s previous quarterly dividend of $0.24. BWX Technologies’s dividend payout ratio is presently 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.