Bank of Nova Scotia Makes New $1.23 Million Investment in BWX Technologies, Inc. (NYSE:BWXT)

Bank of Nova Scotia acquired a new position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,490 shares of the technology company's stock, valued at approximately $1,232,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Utah Retirement Systems grew its position in BWX Technologies by 2.1% during the 4th quarter. Utah Retirement Systems now owns 4,900 shares of the technology company's stock valued at $546,000 after purchasing an additional 100 shares during the last quarter. HHM Wealth Advisors LLC lifted its stake in shares of BWX Technologies by 34.5% in the first quarter. HHM Wealth Advisors LLC now owns 390 shares of the technology company's stock worth $38,000 after buying an additional 100 shares in the last quarter. Gateway Investment Advisers LLC grew its holdings in shares of BWX Technologies by 6.0% during the first quarter. Gateway Investment Advisers LLC now owns 2,154 shares of the technology company's stock valued at $212,000 after buying an additional 121 shares during the last quarter. Mesirow Financial Investment Management Inc. increased its position in shares of BWX Technologies by 3.3% during the first quarter. Mesirow Financial Investment Management Inc. now owns 4,186 shares of the technology company's stock valued at $413,000 after acquiring an additional 132 shares in the last quarter. Finally, Avantax Advisory Services Inc. raised its holdings in BWX Technologies by 2.0% in the 1st quarter. Avantax Advisory Services Inc. now owns 7,136 shares of the technology company's stock worth $704,000 after acquiring an additional 141 shares during the last quarter. Hedge funds and other institutional investors own 94.39% of the company's stock.

BWX Technologies Stock Down 0.2%

BWXT stock opened at $179.34 on Friday. The company has a market cap of $16.39 billion, a price-to-earnings ratio of 56.04, a P/E/G ratio of 4.34 and a beta of 0.73. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.91 and a current ratio of 1.69. The business's 50-day moving average is $142.70 and its two-hundred day moving average is $119.17. BWX Technologies, Inc. has a fifty-two week low of $84.21 and a fifty-two week high of $189.25.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The technology company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.23. The firm had revenue of $764.00 million for the quarter, compared to analysts' expectations of $708.00 million. BWX Technologies had a net margin of 10.28% and a return on equity of 30.61%. The business's quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.82 EPS. As a group, analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Monday, August 18th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. BWX Technologies's payout ratio is presently 31.25%.

Analyst Upgrades and Downgrades

BWXT has been the topic of several recent analyst reports. CLSA reiterated an "outperform" rating and set a $177.60 target price (up from $153.00) on shares of BWX Technologies in a research note on Tuesday, May 27th. Wall Street Zen raised BWX Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $150.00 target price (up previously from $119.00) on shares of BWX Technologies in a research report on Tuesday, July 8th. Maxim Group reaffirmed a "hold" rating on shares of BWX Technologies in a report on Wednesday. Finally, Truist Financial set a $145.00 price target on shares of BWX Technologies and gave the stock a "hold" rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $142.37.

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.

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