ArrowMark Colorado Holdings LLC Has $14.70 Million Position in BWX Technologies, Inc. (NYSE:BWXT)

ArrowMark Colorado Holdings LLC lifted its stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 3.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 135,223 shares of the technology company's stock after buying an additional 5,000 shares during the quarter. ArrowMark Colorado Holdings LLC owned approximately 0.15% of BWX Technologies worth $14,699,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BWXT. Stone House Investment Management LLC raised its stake in BWX Technologies by 76.2% during the 3rd 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 raised its stake in shares of BWX Technologies by 147.6% during the third 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. lifted its holdings 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. V Square Quantitative Management LLC purchased a new stake in shares of BWX Technologies in the third quarter valued at about $31,000. Finally, GAMMA Investing LLC increased its position in BWX Technologies by 58.9% during the 2nd 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 period. Institutional investors and hedge funds own 94.39% of the company's stock.

BWX Technologies Stock Performance

NYSE:BWXT traded down $0.32 during mid-day trading on Tuesday, hitting $128.81. The stock had a trading volume of 149,281 shares, compared to its average volume of 644,664. The company has a 50 day simple moving average of $122.21 and a 200-day simple moving average of $105.18. BWX Technologies, Inc. has a 52 week low of $74.69 and a 52 week high of $136.31. The stock has a market capitalization of $11.78 billion, a price-to-earnings ratio of 42.89, a P/E/G ratio of 4.38 and a beta of 0.70. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its earnings results on Monday, November 4th. The technology company reported $0.83 EPS for the quarter, topping 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 firm had revenue of $672.00 million for the quarter, compared to analysts' expectations of $658.84 million. During the same quarter in the previous year, the company earned $0.67 earnings per share. The firm's quarterly revenue was up 13.9% compared to the same quarter last year. On average, research analysts expect that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 19th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.75%. The ex-dividend date is Tuesday, November 19th. BWX Technologies's dividend payout ratio is presently 31.79%.

Wall Street Analyst Weigh In

BWXT has been the subject of several recent analyst reports. StockNews.com cut shares of BWX Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday, November 6th. Bank of America boosted their price objective on shares of BWX Technologies from $115.00 to $160.00 and gave the company a "buy" rating in a research report on Thursday, November 14th. Truist Financial upped their price target on shares of BWX Technologies from $95.00 to $106.00 and gave the stock a "hold" rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of BWX Technologies from $129.00 to $130.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. Finally, Alembic Global Advisors upgraded BWX Technologies from a "neutral" rating to an "overweight" rating and set a $148.00 target price for the company in a research note on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, BWX Technologies has an average rating of "Moderate Buy" and a consensus target price of $122.43.

About BWX Technologies

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.