Hilton Capital Management LLC Buys New Stake in BWX Technologies, Inc. (NYSE:BWXT)

Hilton Capital Management LLC acquired a new stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 20,583 shares of the technology company's stock, valued at approximately $2,237,000.

Other large investors also recently bought and sold shares of the company. AQR Capital Management LLC lifted its stake in BWX Technologies by 77.8% during the second quarter. AQR Capital Management LLC now owns 132,263 shares of the technology company's stock worth $12,565,000 after purchasing an additional 57,879 shares during the last quarter. Bridges Investment Management Inc. boosted its position in shares of BWX Technologies by 76.3% in the 2nd quarter. Bridges Investment Management Inc. now owns 359,147 shares of the technology company's stock valued at $34,119,000 after purchasing an additional 155,387 shares during the period. Compass Wealth Management LLC acquired a new position in shares of BWX Technologies in the 3rd quarter valued at $3,456,000. Vaughan Nelson Investment Management L.P. boosted its position in BWX Technologies by 8.6% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 471,090 shares of the technology company's stock worth $51,208,000 after acquiring an additional 37,250 shares during the period. Finally, Copeland Capital Management LLC boosted its position in BWX Technologies by 0.8% during the 3rd quarter. Copeland Capital Management LLC now owns 711,773 shares of the technology company's stock worth $77,370,000 after acquiring an additional 5,723 shares during the period. Institutional investors and hedge funds own 94.39% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on BWXT shares. Truist Financial lifted their price target on BWX Technologies from $95.00 to $106.00 and gave the company a "hold" rating in a report on Tuesday, November 5th. Alembic Global Advisors raised BWX Technologies from a "neutral" rating to an "overweight" rating and set a $148.00 price target on the stock in a research report on Tuesday, November 12th. StockNews.com lowered BWX Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, November 6th. Barclays lowered BWX Technologies from an "equal weight" rating to an "underweight" rating and boosted their price target for the company from $75.00 to $90.00 in a research note on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on BWX Technologies from $129.00 to $130.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $122.43.

BWX Technologies Stock Performance

NYSE BWXT traded down $0.57 on Wednesday, hitting $129.76. 802,996 shares of the stock traded hands, compared to its average volume of 645,140. The firm has a market capitalization of $11.87 billion, a price-to-earnings ratio of 43.16, a PEG ratio of 4.23 and a beta of 0.69. The business's fifty day moving average is $116.47 and its two-hundred day moving average is $102.57. BWX Technologies, Inc. has a 12 month low of $74.69 and a 12 month high of $136.31. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25.

BWX Technologies (NYSE:BWXT - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The technology company reported $0.83 earnings per share for the quarter, beating analysts' consensus estimates of $0.77 by $0.06. The business had revenue of $672.00 million for the quarter, compared to the consensus estimate of $658.84 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The company's revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter last year, the business posted $0.67 earnings per share. As a group, equities analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 19th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Tuesday, November 19th. BWX Technologies's dividend payout ratio (DPR) 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.