Inceptionr LLC Acquires New Stake in BWX Technologies, Inc. (NYSE:BWXT)

Inceptionr LLC bought a new position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,321 shares of the technology company's stock, valued at approximately $715,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Invesco Ltd. boosted its stake in BWX Technologies by 16.6% in the 3rd quarter. Invesco Ltd. now owns 2,027,376 shares of the technology company's stock worth $152,013,000 after purchasing an additional 288,287 shares during the period. FMR LLC boosted its stake in BWX Technologies by 1.8% in the 3rd quarter. FMR LLC now owns 1,884,236 shares of the technology company's stock worth $141,280,000 after purchasing an additional 32,664 shares during the period. Clearbridge Investments LLC boosted its stake in BWX Technologies by 4.0% in the 3rd quarter. Clearbridge Investments LLC now owns 1,347,912 shares of the technology company's stock worth $101,066,000 after purchasing an additional 52,462 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in BWX Technologies by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,048,456 shares of the technology company's stock worth $80,448,000 after purchasing an additional 7,782 shares during the period. Finally, Fiera Capital Corp boosted its stake in BWX Technologies by 2.9% in the 3rd quarter. Fiera Capital Corp now owns 892,837 shares of the technology company's stock worth $66,945,000 after purchasing an additional 25,467 shares during the period. 94.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on BWXT shares. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of BWX Technologies from $111.00 to $110.00 and set a "buy" rating for the company in a research note on Tuesday, May 7th. StockNews.com upgraded shares of BWX Technologies from a "hold" rating to a "buy" rating in a research report on Wednesday, May 8th. 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 issued a $95.00 target price (down previously from $110.00) on shares of BWX Technologies in a research report on Monday, March 25th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, BWX Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $92.43.

BWX Technologies Stock Performance

Shares of BWXT traded up $0.49 during mid-day trading on Tuesday, hitting $89.18. The company's stock had a trading volume of 370,153 shares, compared to its average volume of 620,002. The stock's 50-day moving average is $97.40 and its two-hundred day moving average is $86.81. The firm has a market capitalization of $8.15 billion, a PE ratio of 32.20, a price-to-earnings-growth ratio of 2.86 and a beta of 0.75. The company has a debt-to-equity ratio of 1.29, a quick ratio of 2.24 and a current ratio of 2.24. BWX Technologies, Inc. has a one year low of $60.17 and a one year high of $107.18.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its quarterly earnings results on Monday, May 6th. The technology company reported $0.76 earnings per share for the quarter, beating analysts' consensus estimates of $0.67 by $0.09. The firm had revenue of $603.97 million during the quarter, compared to the consensus estimate of $599.92 million. BWX Technologies had a net margin of 10.00% and a return on equity of 31.57%. The business's revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.70 EPS. As a group, sell-side analysts anticipate that BWX Technologies, Inc. will post 3.17 EPS for the current year.

BWX Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Friday, May 17th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend is Thursday, May 16th. BWX Technologies's payout ratio is presently 34.66%.

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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