26,973 Shares in BWX Technologies, Inc. (NYSE:BWXT) Acquired by Strategic Planning Group LLC

Strategic Planning Group LLC acquired a new position in shares of BWX Technologies, Inc. (NYSE:BWXT) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 26,973 shares of the technology company’s stock, valued at approximately $3,005,000.

Several other large investors have also recently added to or reduced their stakes in the stock. FMR LLC grew its position in shares of BWX Technologies by 22.3% during the third quarter. FMR LLC now owns 1,754,567 shares of the technology company’s stock worth $190,721,000 after acquiring an additional 320,217 shares during the last quarter. Geode Capital Management LLC grew its position in BWX Technologies by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,682,563 shares of the technology company’s stock worth $182,938,000 after purchasing an additional 26,130 shares during the last quarter. Van ECK Associates Corp grew its position in BWX Technologies by 49.7% in the 3rd quarter. Van ECK Associates Corp now owns 960,269 shares of the technology company’s stock worth $104,381,000 after purchasing an additional 318,598 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in shares of BWX Technologies by 29.1% in the third 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 holdings in shares of BWX Technologies by 0.8% during the third quarter. Copeland Capital Management LLC now owns 711,773 shares of the technology company’s stock valued at $77,370,000 after buying an additional 5,723 shares during the last quarter. 94.39% of the stock is owned by institutional investors and hedge funds.

BWX Technologies Trading Up 0.2 %

BWX Technologies stock opened at $112.28 on Thursday. The firm has a market cap of $10.27 billion, a price-to-earnings ratio of 37.18, a price-to-earnings-growth ratio of 3.92 and a beta of 0.73. BWX Technologies, Inc. has a 1 year low of $81.40 and a 1 year high of $136.31. The firm’s 50 day moving average price is $120.27 and its two-hundred day moving average price is $112.84. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25.

BWX Technologies (NYSE:BWXT) last issued its earnings results on Monday, November 4th. The technology company reported $0.83 earnings per share (EPS) for the quarter, topping 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 business had revenue of $672.00 million for the quarter, compared to analysts’ expectations of $658.84 million. During the same period in the previous year, the firm posted $0.67 EPS. The company’s quarterly revenue was up 13.9% on a year-over-year basis. On average, 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 disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 19th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date was Tuesday, November 19th. BWX Technologies’s dividend payout ratio is presently 31.79%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Truist Financial boosted their price target on BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. Barclays increased their target price on shares of BWX Technologies from $90.00 to $105.00 and gave the company an “underweight” rating in a research report on Monday, December 16th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. StockNews.com cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Finally, 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 report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, BWX Technologies currently has an average rating of “Moderate Buy” and an average 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.