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Oak Thistle LLC Takes $1.76 Million Position in BWX Technologies, Inc. (NYSE:BWXT)

BWX Technologies logo with Computer and Technology background

Oak Thistle LLC acquired a new position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 15,831 shares of the technology company's stock, valued at approximately $1,763,000.

Several other institutional investors and hedge funds have also recently modified their holdings of BWXT. Floyd Financial Group LLC bought a new stake in BWX Technologies in the 4th quarter valued at $1,985,000. AdvisorNet Financial Inc boosted its position in shares of BWX Technologies by 15.4% in the fourth quarter. AdvisorNet Financial Inc now owns 779 shares of the technology company's stock valued at $87,000 after acquiring an additional 104 shares during the period. Harbour Capital Advisors LLC acquired a new position in shares of BWX Technologies in the fourth quarter valued at about $258,000. Cooper Financial Group bought a new position in BWX Technologies during the fourth quarter worth about $737,000. Finally, First Hawaiian Bank boosted its holdings in BWX Technologies by 13.1% in the 4th quarter. First Hawaiian Bank now owns 4,134 shares of the technology company's stock valued at $460,000 after purchasing an additional 480 shares during the period. 94.39% of the stock is currently owned by institutional investors and hedge funds.

BWX Technologies Price Performance

Shares of BWXT traded up $1.27 during mid-day trading on Wednesday, reaching $118.38. The company had a trading volume of 698,180 shares, compared to its average volume of 723,923. The company has a market capitalization of $10.83 billion, a price-to-earnings ratio of 39.20, a P/E/G ratio of 4.12 and a beta of 0.73. 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 company's 50 day simple moving average is $121.44 and its 200 day simple moving average is $110.99. BWX Technologies, Inc. has a 1-year low of $78.47 and a 1-year high of $136.31.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The technology company reported $0.83 earnings per share (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 the consensus estimate of $658.84 million. During the same period in the prior year, the business earned $0.67 earnings per share. The company's revenue for the quarter was up 13.9% compared to the same quarter last year. Analysts expect that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on BWXT shares. Alembic Global Advisors upgraded shares of BWX Technologies from a "neutral" rating to an "overweight" rating and set a $148.00 price target for the company in a research report on Tuesday, November 12th. StockNews.com cut BWX Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, November 6th. Maxim Group boosted their price target on BWX Technologies from $138.00 to $140.00 and gave the company a "buy" rating in a research note on Friday, January 10th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of BWX Technologies from $129.00 to $130.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. Finally, Truist Financial boosted their target price 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 assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $127.50.

View Our Latest Stock Analysis on BWXT

About BWX Technologies

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for BWX Technologies (NYSE:BWXT)

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