International Assets Investment Management LLC Purchases New Shares in BWX Technologies, Inc. (NYSE:BWXT)

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

A number of other institutional investors also recently modified their holdings of BWXT. Fortis Group Advisors LLC purchased a new position in shares of BWX Technologies during the third quarter valued at about $46,000. Millburn Ridgefield Corp bought a new stake in shares of BWX Technologies during the 3rd quarter valued at $50,000. Catalyst Capital Advisors LLC purchased a new stake in shares of BWX Technologies in the 3rd quarter worth about $50,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of BWX Technologies in the 3rd quarter worth about $62,000. Finally, Fifth Third Bancorp increased its stake in shares of BWX Technologies by 30.4% in the 3rd quarter. Fifth Third Bancorp now owns 926 shares of the technology company's stock worth $69,000 after acquiring an additional 216 shares in the last quarter. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

BWX Technologies Stock Up 1.9 %

NYSE:BWXT traded up $1.80 on Friday, reaching $97.34. 676,177 shares of the stock traded hands, compared to its average volume of 640,940. The company has a market capitalization of $8.90 billion, a price-to-earnings ratio of 36.19, a PEG ratio of 3.10 and a beta of 0.75. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 1.29. BWX Technologies, Inc. has a 12 month low of $60.17 and a 12 month high of $107.18. The company's fifty day simple moving average is $98.64 and its 200 day simple moving average is $86.09.

BWX Technologies (NYSE:BWXT - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $725.52 million during 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%. BWX Technologies's revenue was up 16.2% compared to the same quarter last year. During the same period last year, the business earned $0.93 EPS. Equities analysts predict that BWX Technologies, Inc. will post 3.14 EPS for the current fiscal year.

BWX Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Monday, March 11th were issued a $0.24 dividend. This is an increase from BWX Technologies's previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.99%. BWX Technologies's dividend payout ratio (DPR) is presently 35.69%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BWXT. StockNews.com lowered shares of BWX Technologies from a "buy" rating to a "hold" rating in a research note on Tuesday, March 12th. Truist Financial reiterated a "hold" rating and issued a $95.00 price target (down from $110.00) on shares of BWX Technologies in a research note on Monday, March 25th. Finally, Bank of America increased their price target on shares of BWX Technologies from $82.00 to $115.00 and gave the stock 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 assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $89.00.

BWX Technologies Company 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.