Pier Capital LLC Increases Position in BWX Technologies, Inc. (NYSE:BWXT)

Pier Capital LLC lifted its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 0.6% during the third quarter, Holdings Channel reports. The institutional investor owned 64,182 shares of the technology company’s stock after purchasing an additional 398 shares during the period. Pier Capital LLC’s holdings in BWX Technologies were worth $6,977,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. AQR Capital Management LLC lifted its position in shares of BWX Technologies by 77.8% in the second quarter. AQR Capital Management LLC now owns 132,263 shares of the technology company’s stock valued at $12,565,000 after acquiring an additional 57,879 shares in the last quarter. Hilton Capital Management LLC bought a new stake in BWX Technologies during the 3rd quarter valued at approximately $2,237,000. Bridges Investment Management Inc. lifted its holdings in BWX Technologies by 76.3% in the 2nd quarter. Bridges Investment Management Inc. now owns 359,147 shares of the technology company’s stock worth $34,119,000 after purchasing an additional 155,387 shares in the last quarter. Citigroup Inc. boosted its stake in BWX Technologies by 40.4% in the 3rd quarter. Citigroup Inc. now owns 108,637 shares of the technology company’s stock worth $11,809,000 after purchasing an additional 31,246 shares during the period. Finally, Vaughan Nelson Investment Management L.P. grew its holdings in BWX Technologies by 8.6% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 471,090 shares of the technology company’s stock valued at $51,208,000 after buying an additional 37,250 shares in the last quarter. Institutional investors own 94.39% of the company’s stock.

BWX Technologies Trading Down 1.5 %

Shares of NYSE BWXT opened at $126.01 on Friday. The stock has a market capitalization of $11.52 billion, a P/E ratio of 41.73, a PEG ratio of 4.37 and a beta of 0.70. BWX Technologies, Inc. has a 1-year low of $74.69 and a 1-year high of $136.31. The business’s 50 day moving average is $123.90 and its two-hundred day moving average is $106.18. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25.

BWX Technologies (NYSE:BWXT) last released its earnings results on Monday, November 4th. The technology company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.06. The firm had revenue of $672.00 million for the quarter, compared to the consensus estimate of $658.84 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The company’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS. As a group, research analysts expect that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th will be issued a $0.24 dividend. The ex-dividend date is Tuesday, November 19th. This represents a $0.96 annualized dividend and a dividend yield of 0.76%. BWX Technologies’s dividend payout ratio (DPR) is presently 31.79%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BWXT. Truist Financial upped their target price on shares of BWX Technologies from $95.00 to $106.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Alembic Global Advisors raised shares of BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price objective for the company in a report on Tuesday, November 12th. Bank of America lifted their target price on BWX Technologies from $115.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. StockNews.com lowered BWX Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $122.43.

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.