Chesapeake Capital Corp IL Acquires New Shares in BWX Technologies, Inc. (NYSE:BWXT)

Chesapeake Capital Corp IL acquired a new stake in shares of BWX Technologies, Inc. (NYSE:BWXT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 12,399 shares of the technology company’s stock, valued at approximately $951,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Kore Advisors LP acquired a new stake in shares of BWX Technologies in the fourth quarter worth about $767,000. Aigen Investment Management LP acquired a new position in shares of BWX Technologies during the 4th quarter worth about $726,000. Assetmark Inc. lifted its position in shares of BWX Technologies by 39.5% during the 4th quarter. Assetmark Inc. now owns 17,517 shares of the technology company’s stock worth $1,344,000 after purchasing an additional 4,961 shares during the last quarter. Quest Partners LLC acquired a new position in shares of BWX Technologies during the 4th quarter worth about $80,000. Finally, Clearbridge Investments LLC lifted its position in shares of BWX Technologies by 0.7% during the 4th quarter. Clearbridge Investments LLC now owns 1,357,980 shares of the technology company’s stock worth $104,198,000 after purchasing an additional 10,068 shares during the last quarter. Institutional investors and hedge funds own 94.39% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on BWXT shares. StockNews.com raised BWX Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, May 8th. Truist Financial reissued a “hold” rating and set a $95.00 price objective (down previously from $110.00) on shares of BWX Technologies in a research report on Monday, March 25th. Deutsche Bank Aktiengesellschaft cut their price objective on BWX Technologies from $111.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, May 7th. Finally, Bank of America boosted their price target on BWX Technologies from $82.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, BWX Technologies has an average rating of “Moderate Buy” and an average target price of $92.43.

BWX Technologies Price Performance

Shares of BWXT stock traded up $1.33 during trading hours on Friday, hitting $89.01. The company had a trading volume of 550,966 shares, compared to its average volume of 621,766. BWX Technologies, Inc. has a 12 month low of $60.17 and a 12 month high of $107.18. The firm has a market capitalization of $8.14 billion, a price-to-earnings ratio of 32.13, a PEG ratio of 3.14 and a beta of 0.75. The firm’s fifty day moving average is $95.25 and its 200 day moving average is $87.48. 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 (NYSE:BWXT) last released its quarterly earnings data on Monday, May 6th. The technology company reported $0.76 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $599.92 million. During the same period in the prior year, the company posted $0.70 EPS. The company’s revenue was up 6.3% compared to the same quarter last year. On average, sell-side analysts predict that BWX Technologies, Inc. will post 3.17 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Friday, May 17th will be given a dividend of $0.24 per share. The ex-dividend date 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 (DPR) is presently 34.66%.

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.