Truist Financial Corp increased its position in BWX Technologies, Inc. (NYSE:BWXT – Free Report) by 10.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,440 shares of the technology company’s stock after buying an additional 496 shares during the period. Truist Financial Corp’s holdings in BWX Technologies were worth $417,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of BWXT. Fortis Group Advisors LLC acquired a new stake in shares of BWX Technologies during the 3rd quarter worth $46,000. Catalyst Capital Advisors LLC acquired a new stake in BWX Technologies during the third quarter worth about $50,000. Harvest Fund Management Co. Ltd purchased a new position in shares of BWX Technologies in the 3rd quarter worth about $62,000. Fifth Third Bancorp lifted its stake in shares of BWX Technologies by 30.4% in the 3rd quarter. Fifth Third Bancorp now owns 926 shares of the technology company’s stock valued at $69,000 after purchasing an additional 216 shares in the last quarter. Finally, CWM LLC lifted its stake in shares of BWX Technologies by 85.2% in the 4th quarter. CWM LLC now owns 928 shares of the technology company’s stock valued at $71,000 after purchasing an additional 427 shares in the last quarter. Hedge funds and other institutional investors own 94.39% of the company’s stock.
Analyst Ratings Changes
Several research analysts recently commented on BWXT shares. Truist Financial restated a “hold” rating and issued a $95.00 price target (down previously from $110.00) on shares of BWX Technologies in a report on Monday, March 25th. StockNews.com upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, May 8th. Deutsche Bank Aktiengesellschaft lowered their price target on BWX Technologies from $111.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday, May 7th. Finally, Bank of America boosted their price objective on BWX Technologies from $82.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $92.43.
Read Our Latest Analysis on BWXT
BWX Technologies Stock Down 0.3 %
Shares of BWX Technologies stock opened at $88.41 on Friday. BWX Technologies, Inc. has a 1-year low of $60.17 and a 1-year high of $107.18. The company has a market capitalization of $8.08 billion, a PE ratio of 31.92, a P/E/G ratio of 2.82 and a beta of 0.75. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.24 and a quick ratio of 2.24. The business has a 50-day moving average of $96.47 and a 200-day moving average of $87.04.
BWX Technologies (NYSE:BWXT – Get Free Report) last issued its quarterly earnings data on Monday, May 6th. The technology company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.09. The firm had revenue of $603.97 million during the quarter, compared to analyst estimates of $599.92 million. BWX Technologies had a return on equity of 31.57% and a net margin of 10.00%. BWX Technologies’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.70 EPS. As a group, equities analysts forecast that BWX Technologies, Inc. will post 3.17 EPS for the current fiscal year.
BWX Technologies Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Friday, May 17th will be issued a $0.24 dividend. The ex-dividend date is Thursday, May 16th. This represents a $0.96 annualized dividend and a yield of 1.09%. BWX Technologies’s dividend payout ratio is presently 34.66%.
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.
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Source: defenseworld.net
