Narwhal Capital Management Buys 5,250 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Narwhal Capital Management boosted its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 33.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,979 shares of the technology company's stock after purchasing an additional 5,250 shares during the period. Narwhal Capital Management's holdings in BWX Technologies were worth $2,337,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of BWXT. Arkfeld Wealth Strategies L.L.C. increased its holdings in shares of BWX Technologies by 5.7% in the fourth quarter. Arkfeld Wealth Strategies L.L.C. now owns 18,733 shares of the technology company's stock valued at $2,146,000 after purchasing an additional 1,002 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in shares of BWX Technologies by 121.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 28,567 shares of the technology company's stock valued at $3,182,000 after buying an additional 15,639 shares during the period. Veracity Capital LLC increased its stake in shares of BWX Technologies by 10.2% in the 4th quarter. Veracity Capital LLC now owns 10,823 shares of the technology company's stock valued at $1,206,000 after buying an additional 999 shares during the period. Janney Montgomery Scott LLC increased its position in BWX Technologies by 3.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 13,634 shares of the technology company's stock worth $1,519,000 after purchasing an additional 498 shares during the period. Finally, Ballentine Partners LLC acquired a new stake in shares of BWX Technologies during the 4th quarter worth approximately $209,000. Institutional investors own 94.39% of the company's stock.

BWX Technologies Stock Performance

Shares of BWXT stock traded down $16.15 on Monday, reaching $111.50. The stock had a trading volume of 2,601,213 shares, compared to its average volume of 913,571. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $10.20 billion, a price-to-earnings ratio of 36.92, a P/E/G ratio of 3.92 and a beta of 0.73. BWX Technologies, Inc. has a 12 month low of $81.40 and a 12 month high of $136.31. The firm's 50-day moving average is $121.28 and its two-hundred day moving average is $112.65.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The technology company reported $0.83 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.06. The firm had revenue of $672.00 million for the quarter, compared to analyst estimates 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 period in the prior year, the firm posted $0.67 EPS. On average, research analysts expect that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 19th were issued a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $0.96 annualized dividend and a yield of 0.86%. BWX Technologies's dividend payout ratio is presently 31.79%.

Wall Street Analyst Weigh In

BWXT has been the topic of several recent research reports. Bank of America raised their price target on BWX Technologies from $115.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft increased their price target on BWX Technologies from $129.00 to $130.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. Alembic Global Advisors raised BWX Technologies from a "neutral" rating to an "overweight" rating and set a $148.00 target price for the company in a research note on Tuesday, November 12th. Maxim Group increased their price objective on shares of BWX Technologies from $138.00 to $140.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Finally, Barclays increased their target price on BWX Technologies from $90.00 to $105.00 and gave the stock an "underweight" rating in a report on Monday, December 16th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, BWX Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $127.50.

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.