Kore Advisors LP Purchases Shares of 10,000 BWX Technologies, Inc. (NYSE:BWXT)

Kore Advisors LP bought a new position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 10,000 shares of the technology company's stock, valued at approximately $767,000. BWX Technologies accounts for 0.2% of Kore Advisors LP's portfolio, making the stock its 11th largest position.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Aigen Investment Management LP purchased a new position in shares of BWX Technologies during the 4th quarter worth approximately $726,000. Assetmark Inc. grew its stake in shares of BWX Technologies by 39.5% in the 4th quarter. Assetmark Inc. now owns 17,517 shares of the technology company's stock worth $1,344,000 after buying an additional 4,961 shares during the last quarter. Quest Partners LLC purchased a new stake in shares of BWX Technologies in the 4th quarter worth approximately $80,000. Clearbridge Investments LLC grew its stake in shares of BWX Technologies by 0.7% in the 4th quarter. Clearbridge Investments LLC now owns 1,357,980 shares of the technology company's stock worth $104,198,000 after buying an additional 10,068 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in BWX Technologies by 4.2% during the 4th quarter. Wells Fargo & Company MN now owns 300,002 shares of the technology company's stock valued at $23,019,000 after purchasing an additional 12,143 shares during the last quarter. Hedge funds and other institutional investors own 94.39% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Deutsche Bank Aktiengesellschaft cut their target price on BWX Technologies from $111.00 to $110.00 and set a "buy" rating on the stock in a research note on Tuesday, May 7th. StockNews.com upgraded BWX Technologies from a "hold" rating to a "buy" rating in a research note on Wednesday, May 8th. Truist Financial reiterated a "hold" rating and set a $95.00 target price (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 BWX Technologies from $82.00 to $115.00 and gave the company a "buy" rating in a report on Thursday, March 28th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $92.43.

BWX Technologies Stock Performance

Shares of NYSE BWXT traded up $0.25 during midday trading on Wednesday, hitting $88.71. 287,009 shares of the stock traded hands, compared to its average volume of 609,195. The firm has a 50-day moving average of $95.94 and a two-hundred day moving average of $87.30. The firm has a market capitalization of $8.11 billion, a P/E ratio of 31.94, a PEG ratio of 2.81 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 announced its earnings results on Monday, May 6th. The technology company reported $0.76 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.09. BWX Technologies had a return on equity of 31.57% and a net margin of 10.00%. The company had revenue of $603.97 million for the quarter, compared to analysts' expectations of $599.92 million. During the same period last year, the firm earned $0.70 EPS. BWX Technologies's revenue for the quarter was up 6.3% compared to the same quarter last year. On average, equities analysts forecast that BWX Technologies, Inc. will post 3.17 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Friday, May 17th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.96 dividend on an annualized basis and a yield of 1.08%. BWX Technologies's dividend payout ratio is currently 34.66%.

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.

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