Fulcrum Equity Management Purchases 127 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Fulcrum Equity Management lifted its position in BWX Technologies, Inc. (NYSE:BWXT) by 4.0% during the third quarter, Holdings Channel reports. The institutional investor owned 3,337 shares of the technology company’s stock after buying an additional 127 shares during the quarter. Fulcrum Equity Management’s holdings in BWX Technologies were worth $363,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BWXT. AQR Capital Management LLC grew its holdings in BWX Technologies by 77.8% in the second quarter. AQR Capital Management LLC now owns 132,263 shares of the technology company’s stock worth $12,565,000 after purchasing an additional 57,879 shares during the last quarter. Hilton Capital Management LLC purchased a new position in BWX Technologies during the 3rd quarter worth $2,237,000. Bridges Investment Management Inc. increased its position in BWX Technologies by 76.3% during the 2nd quarter. Bridges Investment Management Inc. now owns 359,147 shares of the technology company’s stock valued at $34,119,000 after buying an additional 155,387 shares in the last quarter. Bullseye Asset Management LLC raised its stake in BWX Technologies by 39.5% in the third quarter. Bullseye Asset Management LLC now owns 17,655 shares of the technology company’s stock valued at $1,920,000 after buying an additional 5,000 shares during the last quarter. Finally, Citigroup Inc. boosted its holdings in BWX Technologies by 40.4% in the third quarter. Citigroup Inc. now owns 108,637 shares of the technology company’s stock worth $11,809,000 after acquiring an additional 31,246 shares in the last quarter. Hedge funds and other institutional investors own 94.39% of the company’s stock.

BWX Technologies Stock Performance

NYSE BWXT opened at $122.84 on Thursday. The firm has a market capitalization of $11.23 billion, a P/E ratio of 40.68, a PEG ratio of 4.22 and a beta of 0.70. The stock has a 50-day simple moving average of $124.58 and a two-hundred day simple moving average of $106.89. 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, Inc. has a fifty-two week low of $74.69 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 EPS 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 for the quarter, compared to analyst estimates of $658.84 million. During the same period last year, the company earned $0.67 earnings per share. BWX Technologies’s revenue for the quarter was up 13.9% compared to the same quarter last year. On average, equities analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current 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. This represents a $0.96 annualized dividend and a dividend yield of 0.78%. The ex-dividend date was Tuesday, November 19th. BWX Technologies’s dividend payout ratio is currently 31.79%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Alembic Global Advisors upgraded shares of BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price objective on the stock in a report on Tuesday, November 12th. StockNews.com lowered shares of 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 shares of BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Truist Financial upped their target price on BWX Technologies from $95.00 to $106.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Finally, Bank of America lifted their price target on BWX Technologies from $115.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $122.43.

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.