Cooper Financial Group Invests $737,000 in BWX Technologies, Inc. (NYSE:BWXT)

Cooper Financial Group acquired a new position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,620 shares of the technology company's stock, valued at approximately $737,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Stone House Investment Management LLC boosted its stake in 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 acquiring an additional 99 shares during the last quarter. Quent Capital LLC boosted 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 purchasing an additional 152 shares during the last quarter. UMB Bank n.a. grew its stake 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 purchasing an additional 226 shares during the period. Quarry LP grew its stake in shares of BWX Technologies by 93.6% during the third quarter. Quarry LP now owns 271 shares of the technology company's stock worth $29,000 after purchasing an additional 131 shares during the period. Finally, V Square Quantitative Management LLC bought a new stake in BWX Technologies in the third quarter valued at about $31,000. Institutional investors and hedge funds own 94.39% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BWXT. Barclays upped their price target on BWX Technologies from $90.00 to $105.00 and gave the company an "underweight" rating in a research note on Monday, December 16th. StockNews.com downgraded shares of BWX Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of BWX Technologies from $129.00 to $130.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. Bank of America raised 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, Truist Financial increased their price target on BWX Technologies from $106.00 to $114.00 and gave the stock a "hold" rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $127.50.

BWX Technologies Stock Up 2.1 %

BWXT traded up $2.42 during trading hours on Tuesday, hitting $116.96. 574,407 shares of the company's stock were exchanged, compared to its average volume of 730,209. The stock has a market cap of $10.70 billion, a price-to-earnings ratio of 38.73, a PEG ratio of 4.12 and a beta of 0.73. BWX Technologies, Inc. has a 1-year low of $78.47 and a 1-year high of $136.31. The stock's 50-day moving average is $121.44 and its two-hundred day moving average is $110.83. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The technology company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.06. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The company had revenue of $672.00 million during the quarter, compared to analysts' expectations of $658.84 million. During the same quarter last year, the company earned $0.67 EPS. BWX Technologies's revenue for the quarter was up 13.9% compared to the same quarter last year. Sell-side analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $0.96 annualized dividend and a dividend yield of 0.82%. 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.