Harbour Capital Advisors LLC Acquires Shares of 2,275 BWX Technologies, Inc. (NYSE:BWXT)

Harbour Capital Advisors LLC purchased a new position in shares of BWX Technologies, Inc. (NYSE:BWXT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,275 shares of the technology company’s stock, valued at approximately $258,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Stone House Investment Management LLC grew its position in shares of BWX Technologies by 76.2% during the 3rd quarter. Stone House Investment Management LLC now owns 229 shares of the technology company’s stock worth $25,000 after buying an additional 99 shares in the last quarter. Quent Capital LLC grew its position in shares of BWX Technologies by 147.6% during the 3rd quarter. Quent Capital LLC now owns 255 shares of the technology company’s stock worth $28,000 after buying an additional 152 shares in the last quarter. UMB Bank n.a. grew its position in shares of BWX Technologies by 729.0% during the 3rd quarter. UMB Bank n.a. now owns 257 shares of the technology company’s stock worth $28,000 after buying an additional 226 shares in the last quarter. Quarry LP grew its position in shares of BWX Technologies by 93.6% during the 3rd quarter. Quarry LP now owns 271 shares of the technology company’s stock worth $29,000 after buying an additional 131 shares in the last quarter. Finally, V Square Quantitative Management LLC bought a new position in shares of BWX Technologies during the 3rd quarter worth $31,000. Institutional investors own 94.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BWXT. Bank of America upped their price objective on BWX Technologies from $115.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. StockNews.com cut BWX Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft upped 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. Maxim Group upped their price objective on BWX Technologies from $138.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Alembic Global Advisors upgraded BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price objective for the company in a research note on Tuesday, November 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $126.50.

BWX Technologies Stock Down 0.2 %

Shares of BWXT stock opened at $114.44 on Tuesday. The stock’s 50-day simple moving average is $121.55 and its 200-day simple moving average is $110.69. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25. The firm has a market capitalization of $10.46 billion, a PE ratio of 37.89, a P/E/G ratio of 4.12 and a beta of 0.73. BWX Technologies, Inc. has a fifty-two week low of $78.47 and a fifty-two week high of $136.31.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings data on Monday, November 4th. The technology company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.06. The business had revenue of $672.00 million for the quarter, compared to analyst estimates 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 was up 13.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.67 earnings per share. Equities analysts expect that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend was Tuesday, November 19th. BWX Technologies’s dividend payout ratio is presently 31.79%.

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.