Wolverine Asset Management LLC Boosts Stock Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Wolverine Asset Management LLC increased its position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 171.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,000 shares of the technology company's stock after buying an additional 12,000 shares during the period. Wolverine Asset Management LLC's holdings in BWX Technologies were worth $1,458,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Demars Financial Group LLC boosted its holdings in shares of BWX Technologies by 526.7% during the 4th quarter. Demars Financial Group LLC now owns 44,643 shares of the technology company's stock worth $3,425,000 after buying an additional 37,520 shares during the period. California Public Employees Retirement System boosted its holdings in shares of BWX Technologies by 3.4% during the 4th quarter. California Public Employees Retirement System now owns 387,038 shares of the technology company's stock worth $29,697,000 after buying an additional 12,803 shares during the period. Jennison Associates LLC boosted its holdings in shares of BWX Technologies by 24.1% during the 4th quarter. Jennison Associates LLC now owns 248,250 shares of the technology company's stock worth $19,048,000 after buying an additional 48,170 shares during the period. CWM LLC boosted its holdings in shares of BWX Technologies by 85.2% during the 4th quarter. CWM LLC now owns 928 shares of the technology company's stock worth $71,000 after buying an additional 427 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in BWX Technologies by 17.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,077 shares of the technology company's stock valued at $1,234,000 after purchasing an additional 2,344 shares during the last quarter. 94.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. StockNews.com cut shares of BWX Technologies from a "buy" rating to a "hold" rating in a research note on Tuesday, March 12th. Bank of America increased their target price on shares of BWX Technologies from $82.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday, March 28th. Finally, Truist Financial reiterated a "hold" rating and set a $95.00 target price (down previously from $110.00) on shares of BWX Technologies in a research report on Monday, March 25th. 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, the company presently has an average rating of "Moderate Buy" and an average target price of $89.00.

BWX Technologies Trading Up 0.6 %

Shares of NYSE BWXT traded up $0.55 during mid-day trading on Thursday, hitting $94.70. The company's stock had a trading volume of 456,211 shares, compared to its average volume of 604,644. The stock has a market cap of $8.66 billion, a price-to-earnings ratio of 35.20, a price-to-earnings-growth ratio of 2.99 and a beta of 0.73. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.18 and a quick ratio of 2.18. BWX Technologies, Inc. has a one year low of $60.17 and a one year high of $107.18. The company's fifty day simple moving average is $97.58 and its 200-day simple moving average is $85.12.

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 (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.07. The company had revenue of $725.52 million for the quarter, compared to analyst estimates of $659.42 million. BWX Technologies had a net margin of 9.85% and a return on equity of 32.38%. The company's revenue for the quarter was up 16.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.93 EPS. On average, sell-side analysts anticipate that BWX Technologies, Inc. will post 3.14 earnings per share for the current fiscal year.

BWX Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Monday, March 11th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend was Friday, March 8th. This is a positive change from BWX Technologies's previous quarterly dividend of $0.23. BWX Technologies's dividend payout ratio (DPR) is 35.69%.

BWX Technologies Profile

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.