Kovitz Investment Group Partners LLC Grows Position in BWX Technologies, Inc. (NYSE:BWXT)

Kovitz Investment Group Partners LLC increased its position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 46.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,230 shares of the technology company's stock after buying an additional 5,159 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in BWX Technologies were worth $1,744,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Stone House Investment Management LLC lifted its position 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 grew its position in 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 buying 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 grew its position in shares of BWX Technologies by 93.6% in the third 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, V Square Quantitative Management LLC acquired a new stake in shares of BWX Technologies in the third quarter valued at approximately $31,000. Institutional investors and hedge funds own 94.39% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on BWXT shares. Alembic Global Advisors raised shares of BWX Technologies from a "neutral" rating to an "overweight" rating and set a $148.00 price objective on the stock in a research note on Tuesday, November 12th. Bank of America raised their target price 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. Deutsche Bank Aktiengesellschaft raised their price target 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. StockNews.com lowered shares of BWX Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, November 6th. Finally, Truist Financial raised their price objective on shares of BWX Technologies from $95.00 to $106.00 and gave the stock a "hold" rating in a report on Tuesday, November 5th. One equities research 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.com, BWX Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $122.43.

BWX Technologies Trading Up 0.6 %

Shares of NYSE BWXT traded up $0.74 during mid-day trading on Wednesday, hitting $122.84. The company's stock had a trading volume of 740,787 shares, compared to its average volume of 649,500. The stock has a market cap of $11.23 billion, a price-to-earnings ratio of 40.68, a price-to-earnings-growth ratio of 4.22 and a beta of 0.70. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. BWX Technologies, Inc. has a one year low of $74.69 and a one year high of $136.31. The company's fifty day simple moving average is $124.38 and its 200-day simple moving average is $106.78.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The technology company reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $658.84 million. During the same period last year, the company earned $0.67 earnings per share. The firm's revenue was up 13.9% compared to the same quarter last year. On average, sell-side analysts anticipate that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 19th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend was Tuesday, November 19th. BWX Technologies's payout ratio is 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.