Floyd Financial Group LLC Buys Shares of 17,306 BWX Technologies, Inc. (NYSE:BWXT)

Floyd Financial Group LLC bought a new stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 17,306 shares of the technology company's stock, valued at approximately $1,985,000. BWX Technologies comprises 1.6% of Floyd Financial Group LLC's investment portfolio, making the stock its 18th largest position.

Other institutional investors have also recently bought and sold shares of the company. Stone House Investment Management LLC boosted its holdings in shares of BWX Technologies by 76.2% during the 3rd quarter. Stone House Investment Management LLC now owns 229 shares of the technology company's stock worth $25,000 after buying an additional 99 shares during the period. Quent Capital LLC boosted its holdings 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 acquiring an additional 152 shares during the period. UMB Bank n.a. grew its position in shares of BWX Technologies by 729.0% in the third quarter. UMB Bank n.a. now owns 257 shares of the technology company's stock valued at $28,000 after purchasing an additional 226 shares during the last quarter. Quarry LP increased 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 acquired a new stake in BWX Technologies during the 3rd quarter worth approximately $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 commented on BWXT. Barclays upped their price objective on BWX Technologies from $90.00 to $105.00 and gave the company an "underweight" rating in a report on Monday, December 16th. Bank of America upped their price target on shares of BWX Technologies from $115.00 to $160.00 and gave the company a "buy" rating in a research note on Thursday, November 14th. Maxim Group lifted their price objective on shares of BWX Technologies from $138.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. Deutsche Bank Aktiengesellschaft increased their target price 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. Finally, Truist Financial lifted their price target on shares of BWX Technologies from $106.00 to $114.00 and gave the company a "hold" rating in a research report on Tuesday. One 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's stock. Based on data from MarketBeat, BWX Technologies presently has an average rating of "Moderate Buy" and an average target price of $127.50.

BWX Technologies Price Performance

Shares of BWX Technologies stock traded up $1.27 on Wednesday, reaching $118.38. 698,180 shares of the stock were exchanged, compared to its average volume of 723,922. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25. The firm has a market cap of $10.83 billion, a PE ratio of 39.20, a P/E/G ratio of 4.12 and a beta of 0.73. The firm's 50 day moving average is $121.44 and its 200-day moving average is $110.99. BWX Technologies, Inc. has a one year low of $78.47 and a one year high of $136.31.

BWX Technologies (NYSE:BWXT - Get Free Report) last released its earnings results on Monday, November 4th. The technology company reported $0.83 earnings per share 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 during the quarter, compared to analysts' expectations of $658.84 million. During the same period in the prior year, the company earned $0.67 earnings per share. The company's quarterly revenue was up 13.9% on a year-over-year basis. As a group, analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 19th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend was Tuesday, November 19th. BWX Technologies's dividend payout ratio is presently 31.79%.

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.