Cwm LLC Has $71,000 Position in BWX Technologies, Inc. (NYSE:BWXT)

Cwm LLC boosted its stake in BWX Technologies, Inc. (NYSE:BWXT) by 85.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 928 shares of the technology company’s stock after purchasing an additional 427 shares during the quarter. Cwm LLC’s holdings in BWX Technologies were worth $71,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fifth Third Bancorp lifted its holdings in shares of BWX Technologies by 30.4% in the 3rd quarter. Fifth Third Bancorp now owns 926 shares of the technology company’s stock worth $69,000 after purchasing an additional 216 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of BWX Technologies by 1.6% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 15,414 shares of the technology company’s stock valued at $1,156,000 after buying an additional 250 shares during the last quarter. Cadinha & Co. LLC increased its position in shares of BWX Technologies by 0.3% during the fourth quarter. Cadinha & Co. LLC now owns 121,880 shares of the technology company’s stock worth $9,352,000 after acquiring an additional 343 shares in the last quarter. Advisor Partners II LLC raised its holdings in shares of BWX Technologies by 9.8% in the 3rd quarter. Advisor Partners II LLC now owns 3,938 shares of the technology company’s stock worth $295,000 after acquiring an additional 350 shares during the last quarter. Finally, Arizona State Retirement System lifted its position in BWX Technologies by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 26,038 shares of the technology company’s stock valued at $1,952,000 after acquiring an additional 355 shares in the last quarter. 94.39% of the stock is owned by institutional investors.

BWX Technologies Price Performance

Shares of NYSE:BWXT opened at $88.08 on Thursday. The company has a market capitalization of $8.05 billion, a P/E ratio of 31.80, a price-to-earnings-growth ratio of 3.10 and a beta of 0.75. The company’s 50-day moving average is $98.52 and its 200 day moving average is $86.33. The company has a debt-to-equity ratio of 1.29, a quick ratio of 2.18 and a current ratio of 2.18. BWX Technologies, Inc. has a fifty-two week low of $60.17 and a fifty-two week high of $107.18.

BWX Technologies (NYSE:BWXT) last released its earnings results on Monday, May 6th. The technology company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.09. BWX Technologies had a net margin of 9.85% and a return on equity of 32.38%. The firm had revenue of $603.97 million for the quarter, compared to analysts’ expectations of $599.92 million. During the same period in the previous year, the company earned $0.70 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis. On average, equities research analysts forecast that BWX Technologies, Inc. will post 3.14 earnings per share for the current year.

BWX Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Friday, May 17th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Thursday, May 16th. BWX Technologies’s dividend payout ratio is currently 34.66%.

Wall Street Analyst Weigh In

A number of analysts have commented on BWXT shares. Deutsche Bank Aktiengesellschaft decreased their price objective on BWX Technologies from $111.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday. Bank of America raised their price objective on BWX Technologies from $82.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Truist Financial reiterated a “hold” rating and issued a $95.00 target price (down previously from $110.00) on shares of BWX Technologies in a report on Monday, March 25th. Finally, StockNews.com upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, BWX Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $92.43.

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.