Cadinha & Co. LLC Acquires 53,038 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Cadinha & Co. LLC lifted its position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 469.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,341 shares of the technology company's stock after purchasing an additional 53,038 shares during the quarter. BWX Technologies accounts for 1.2% of Cadinha & Co. LLC's portfolio, making the stock its 24th largest position. Cadinha & Co. LLC owned about 0.07% of BWX Technologies worth $7,167,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BWXT. Stone House Investment Management LLC boosted its holdings in BWX Technologies by 76.2% during the third quarter. Stone House Investment Management LLC now owns 229 shares of the technology company's stock valued at $25,000 after purchasing an additional 99 shares in the last quarter. Quent Capital LLC lifted its position in shares of BWX Technologies by 147.6% during the 3rd quarter. Quent Capital LLC now owns 255 shares of the technology company's stock worth $28,000 after buying an additional 152 shares during the period. UMB Bank n.a. boosted its stake in BWX Technologies by 729.0% in the 3rd quarter. UMB Bank n.a. now owns 257 shares of the technology company's stock valued at $28,000 after buying an additional 226 shares in the last quarter. Quarry LP lifted its holdings in BWX Technologies by 93.6% during the 3rd 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 last quarter. Finally, Retirement Wealth Solutions LLC acquired a new position in BWX Technologies in the fourth quarter valued at about $30,000. 94.39% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Bank of America raised their price objective on shares of BWX Technologies from $115.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. Truist Financial raised their price target on BWX Technologies from $106.00 to $114.00 and gave the company a "hold" rating in a report on Tuesday, January 14th. Maxim Group lifted their price objective on BWX Technologies from $138.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, January 10th. Barclays increased their target price on BWX Technologies from $90.00 to $105.00 and gave the stock an "underweight" rating in a report on Monday, December 16th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on BWX Technologies from $129.00 to $130.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $127.50.

BWX Technologies Trading Up 1.3 %

BWX Technologies stock traded up $1.62 during mid-day trading on Friday, hitting $122.75. The stock had a trading volume of 897,990 shares, compared to its average volume of 703,019. The stock has a market capitalization of $11.22 billion, a PE ratio of 40.65, a P/E/G ratio of 3.59 and a beta of 0.73. BWX Technologies, Inc. has a 12 month low of $78.47 and a 12 month high of $136.31. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. The stock has a 50-day simple moving average of $121.41 and a two-hundred day simple moving average of $111.54.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its quarterly 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 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 analysts' expectations of $658.84 million. During the same quarter in the previous year, the company earned $0.67 EPS. BWX Technologies's revenue was up 13.9% on a year-over-year basis. As a group, sell-side analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders 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 annualized dividend and a dividend yield of 0.78%. BWX Technologies's dividend payout ratio is currently 31.79%.

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.