Demars Financial Group LLC Has $3.43 Million Position in BWX Technologies, Inc. (NYSE:BWXT)

Demars Financial Group LLC raised its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 526.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 44,643 shares of the technology company's stock after acquiring an additional 37,520 shares during the quarter. BWX Technologies makes up 1.8% of Demars Financial Group LLC's investment portfolio, making the stock its 12th biggest holding. Demars Financial Group LLC's holdings in BWX Technologies were worth $3,425,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fortis Group Advisors LLC purchased a new stake in BWX Technologies during the 3rd quarter valued at approximately $46,000. Millburn Ridgefield Corp purchased a new position in BWX Technologies in the 3rd quarter valued at approximately $50,000. Catalyst Capital Advisors LLC acquired a new stake in BWX Technologies during the 3rd quarter valued at $50,000. Harvest Fund Management Co. Ltd acquired a new stake in BWX Technologies during the 3rd quarter valued at $62,000. Finally, Fifth Third Bancorp grew its holdings in BWX Technologies by 30.4% during the 3rd quarter. Fifth Third Bancorp now owns 926 shares of the technology company's stock valued at $69,000 after buying an additional 216 shares during the last quarter. 94.39% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on BWXT shares. Truist Financial restated a "hold" rating and set a $95.00 price objective (down previously from $110.00) on shares of BWX Technologies in a report on Monday, March 25th. StockNews.com cut BWX Technologies from a "buy" rating to a "hold" rating in a report on Tuesday, March 12th. Finally, Bank of America raised their price objective on BWX Technologies from $82.00 to $115.00 and gave the stock a "buy" rating in a report on Thursday, March 28th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, BWX Technologies has an average rating of "Moderate Buy" and an average price target of $89.00.

BWX Technologies Trading Up 0.5 %

BWX Technologies stock traded up $0.45 during midday trading on Wednesday, reaching $94.15. The stock had a trading volume of 524,085 shares, compared to its average volume of 606,523. BWX Technologies, Inc. has a twelve month low of $60.17 and a twelve month high of $107.18. The stock has a market capitalization of $8.61 billion, a PE ratio of 35.00, a price-to-earnings-growth ratio of 2.94 and a beta of 0.73. The company has a debt-to-equity ratio of 1.29, a quick ratio of 2.18 and a current ratio of 2.18. The stock's 50-day simple moving average is $97.43 and its 200 day simple moving average is $85.06.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its earnings results on Tuesday, February 27th. The technology company reported $1.01 earnings per share for the quarter, beating analysts' consensus estimates of $0.94 by $0.07. BWX Technologies had a return on equity of 32.38% and a net margin of 9.85%. The firm had revenue of $725.52 million for the quarter, compared to analysts' expectations of $659.42 million. During the same quarter last year, the firm earned $0.93 earnings per share. The firm's revenue for the quarter was up 16.2% compared to the same quarter last year. Analysts expect that BWX Technologies, Inc. will post 3.14 EPS for the current year.

BWX Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Monday, March 11th were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.96 dividend on an annualized basis and a yield of 1.02%. This is a boost from BWX Technologies's previous quarterly dividend of $0.23. BWX Technologies's dividend payout ratio (DPR) is presently 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.