1,000 Shares in BWX Technologies, Inc. (NYSE:BWXT) Purchased by Clio Asset Management LLC

Clio Asset Management LLC bought a new stake in shares of BWX Technologies, Inc. (NYSE:BWXT) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 1,000 shares of the technology company’s stock, valued at approximately $111,000. BWX Technologies makes up 0.1% of Clio Asset Management LLC’s holdings, making the stock its 16th largest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BWXT. Stone House Investment Management LLC increased its stake in shares of BWX Technologies by 76.2% during the third quarter. Stone House Investment Management LLC now owns 229 shares of the technology company’s stock valued at $25,000 after acquiring an additional 99 shares during the period. Quent Capital LLC boosted its stake in BWX Technologies by 147.6% during the 3rd quarter. Quent Capital LLC now owns 255 shares of the technology company’s stock valued at $28,000 after purchasing an additional 152 shares in the last quarter. UMB Bank n.a. increased 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 valued at $28,000 after purchasing an additional 226 shares during the period. Retirement Wealth Solutions LLC bought a new stake in shares of BWX Technologies in the 4th quarter worth $30,000. Finally, Quarry LP lifted its holdings in shares of BWX Technologies by 93.6% in the third quarter. Quarry LP now owns 271 shares of the technology company’s stock valued at $29,000 after buying an additional 131 shares during the period. 94.39% of the stock is currently owned by institutional investors.

BWX Technologies Price Performance

Shares of NYSE:BWXT opened at $127.64 on Monday. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. The stock has a market capitalization of $11.67 billion, a P/E ratio of 42.26, a P/E/G ratio of 3.92 and a beta of 0.73. The business has a 50-day moving average of $121.28 and a two-hundred day moving average of $112.65. BWX Technologies, Inc. has a fifty-two week low of $80.48 and a fifty-two week high of $136.31.

BWX Technologies (NYSE:BWXT) last posted its earnings results on Monday, November 4th. The technology company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.06. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The firm had revenue of $672.00 million during the quarter, compared to analyst estimates of $658.84 million. During the same period in the previous year, the company earned $0.67 EPS. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. On average, equities research analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 19th were paid a $0.24 dividend. The ex-dividend date was Tuesday, November 19th. This represents a $0.96 dividend on an annualized basis and a yield of 0.75%. BWX Technologies’s payout ratio is presently 31.79%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BWXT. Alembic Global Advisors upgraded shares of BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price target on the stock in a research report on Tuesday, November 12th. StockNews.com cut BWX Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Bank of America boosted their price objective on shares of BWX Technologies from $115.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Barclays upped their target price on BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a research report on Monday, December 16th. Finally, Truist Financial lifted their price target on BWX Technologies from $106.00 to $114.00 and gave the company a “hold” rating in a report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, BWX Technologies has an average rating of “Moderate Buy” and a consensus target price 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.