Arkfeld Wealth Strategies L.L.C. Buys 1,002 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Arkfeld Wealth Strategies L.L.C. lifted its stake in BWX Technologies, Inc. (NYSE:BWXT) by 5.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,733 shares of the technology company’s stock after buying an additional 1,002 shares during the quarter. BWX Technologies comprises 1.0% of Arkfeld Wealth Strategies L.L.C.’s portfolio, making the stock its 24th biggest holding. Arkfeld Wealth Strategies L.L.C.’s holdings in BWX Technologies were worth $2,146,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. FMR LLC raised its stake in BWX Technologies by 22.3% during the 3rd quarter. FMR LLC now owns 1,754,567 shares of the technology company’s stock valued at $190,721,000 after purchasing an additional 320,217 shares during the period. Geode Capital Management LLC raised its stake in BWX Technologies by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,682,563 shares of the technology company’s stock valued at $182,938,000 after purchasing an additional 26,130 shares during the period. Van ECK Associates Corp raised its stake in BWX Technologies by 49.7% during the 3rd quarter. Van ECK Associates Corp now owns 960,269 shares of the technology company’s stock valued at $104,381,000 after purchasing an additional 318,598 shares during the period. Thrivent Financial for Lutherans raised its stake in BWX Technologies by 29.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 746,145 shares of the technology company’s stock valued at $81,105,000 after purchasing an additional 168,077 shares during the period. Finally, Copeland Capital Management LLC raised its stake in BWX Technologies by 0.8% during the 3rd quarter. Copeland Capital Management LLC now owns 711,773 shares of the technology company’s stock valued at $77,370,000 after purchasing an additional 5,723 shares during the period. Institutional investors own 94.39% of the company’s stock.

BWX Technologies Price Performance

Shares of BWX Technologies stock opened at $127.64 on Friday. The stock has a market cap of $11.67 billion, a price-to-earnings ratio of 42.26, a price-to-earnings-growth ratio of 3.92 and a beta of 0.73. 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 stock has a 50 day moving average price of $121.28 and a 200-day moving average price of $112.53. BWX Technologies, Inc. has a one year low of $80.48 and a one year high of $136.31.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings data on Monday, November 4th. The technology company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.06. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The company had revenue of $672.00 million during the quarter, compared to analysts’ expectations of $658.84 million. During the same quarter in the previous year, the business earned $0.67 EPS. BWX Technologies’s revenue was up 13.9% compared to the same quarter last year. Equities 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 was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 19th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Tuesday, November 19th. BWX Technologies’s dividend payout ratio is 31.79%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on BWXT shares. Truist Financial lifted their target price on BWX Technologies from $106.00 to $114.00 and gave the company a “hold” rating in a research note on Tuesday, January 14th. Alembic Global Advisors raised BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 target price on the stock in a research note on Tuesday, November 12th. StockNews.com downgraded BWX Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. 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. Finally, Barclays lifted their price objective on BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a research note on Monday, December 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $127.50.

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.