International Assets Investment Management LLC Invests $21.32 Million in BWX Technologies, Inc. (NYSE:BWXT)

International Assets Investment Management LLC purchased a new position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 27,786 shares of the technology company's stock, valued at approximately $21,320,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of BWXT. Sunbelt Securities Inc. purchased a new position in BWX Technologies in the first quarter valued at $25,000. Lazard Asset Management LLC purchased a new position in BWX Technologies in the first quarter valued at $38,000. Fortis Group Advisors LLC acquired a new stake in BWX Technologies in the third quarter valued at $46,000. Millburn Ridgefield Corp purchased a new stake in BWX Technologies during the 3rd quarter worth about $50,000. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of BWX Technologies in the 3rd quarter valued at about $50,000. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Truist Financial restated a "hold" rating and issued a $95.00 price objective (down from $110.00) on shares of BWX Technologies in a research note on Monday, March 25th. StockNews.com cut BWX Technologies from a "buy" rating to a "hold" rating in a research report on Tuesday, March 12th. Finally, Bank of America lifted their target price on BWX Technologies from $82.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, March 28th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, BWX Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $89.00.

BWX Technologies Price Performance

Shares of NYSE BWXT traded down $0.53 during trading on Thursday, hitting $95.97. 537,649 shares of the company were exchanged, compared to its average volume of 598,065. The firm's fifty day moving average price is $95.93 and its 200 day moving average price is $83.83. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.18 and a quick ratio of 2.18. The company has a market cap of $8.77 billion, a price-to-earnings ratio of 35.68, a PEG ratio of 3.18 and a beta of 0.73. BWX Technologies, Inc. has a 1 year low of $60.17 and a 1 year high of $107.18.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its quarterly earnings data on Tuesday, February 27th. The technology company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.07. The firm had revenue of $725.52 million during the quarter, compared to analysts' expectations of $659.42 million. BWX Technologies had a return on equity of 32.38% and a net margin of 9.85%. BWX Technologies's revenue was up 16.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.93 earnings per share. On average, sell-side analysts expect that BWX Technologies, Inc. will post 3.14 earnings per share for the current fiscal year.

BWX Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Monday, March 11th were given a $0.24 dividend. The ex-dividend date was Friday, March 8th. This is a positive change from BWX Technologies's previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 1.00%. BWX Technologies's dividend payout ratio is currently 35.69%.

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.