Arkfeld Wealth Strategies L.L.C. Makes New $1.14 Million Investment in BWX Technologies, Inc. (NYSE:BWXT)

Arkfeld Wealth Strategies L.L.C. bought a new stake in BWX Technologies, Inc. (NYSE:BWXT) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 11,857 shares of the technology company’s stock, valued at approximately $1,144,000.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of BWX Technologies by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 8,677,218 shares of the technology company’s stock valued at $665,803,000 after acquiring an additional 65,137 shares in the last quarter. FMR LLC boosted its holdings in shares of BWX Technologies by 1.8% during the 3rd quarter. FMR LLC now owns 1,884,236 shares of the technology company’s stock valued at $141,280,000 after acquiring an additional 32,664 shares in the last quarter. Clearbridge Investments LLC boosted its holdings 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 valued at $104,198,000 after acquiring an additional 10,068 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of BWX Technologies by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,048,456 shares of the technology company’s stock valued at $80,448,000 after acquiring an additional 7,782 shares in the last quarter. Finally, Frontier Capital Management Co. LLC boosted its holdings in shares of BWX Technologies by 28.8% during the 4th quarter. Frontier Capital Management Co. LLC now owns 967,317 shares of the technology company’s stock valued at $74,222,000 after acquiring an additional 216,525 shares in the last quarter. Institutional investors and hedge funds own 94.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on BWXT shares. CLSA assumed coverage on BWX Technologies in a report on Monday, June 3rd. They set a “buy” rating on the stock. BTIG Research assumed coverage on BWX Technologies in a research report on Wednesday. They set a “buy” rating and a $110.00 target price for the company. Deutsche Bank Aktiengesellschaft lowered their target price on BWX Technologies from $110.00 to $107.00 and set a “buy” rating for the company in a research report on Monday, June 10th. Bank of America raised their target price on BWX Technologies from $82.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Finally, Truist Financial reaffirmed a “hold” rating and set a $95.00 target price (down from $110.00) on shares of BWX Technologies in a research report on Monday, March 25th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $94.25.

BWX Technologies Trading Up 1.3 %

Shares of BWXT stock traded up $1.24 during mid-day trading on Wednesday, hitting $95.49. The company’s stock had a trading volume of 631,317 shares, compared to its average volume of 600,310. The company’s fifty day simple moving average is $91.23 and its 200-day simple moving average is $89.47. BWX Technologies, Inc. has a 52 week low of $67.91 and a 52 week high of $107.18. The company has a debt-to-equity ratio of 1.29, a quick ratio of 2.24 and a current ratio of 2.24. The company has a market cap of $8.73 billion, a PE ratio of 34.31, a P/E/G ratio of 3.55 and a beta of 0.71.

BWX Technologies (NYSE:BWXT) last issued its earnings results on Monday, May 6th. The technology company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.09. BWX Technologies had a net margin of 10.00% and a return on equity of 31.57%. The business had revenue of $603.97 million for the quarter, compared to analysts’ expectations of $599.92 million. During the same quarter in the previous year, the firm posted $0.70 EPS. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, equities research analysts expect that BWX Technologies, Inc. will post 3.19 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 6th. Shareholders of record on Friday, May 17th were issued a dividend of $0.24 per share. The ex-dividend date was Thursday, May 16th. This represents a $0.96 dividend on an annualized basis and a yield of 1.01%. BWX Technologies’s payout ratio is 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.