Demars Financial Group LLC Has $5.18 Million Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Demars Financial Group LLC lifted its holdings in BWX Technologies, Inc. (NYSE:BWXT) by 2.1% during the 3rd quarter, Holdings Channel reports. The fund owned 47,640 shares of the technology company’s stock after acquiring an additional 961 shares during the quarter. BWX Technologies makes up approximately 2.4% of Demars Financial Group LLC’s portfolio, making the stock its 11th biggest position. Demars Financial Group LLC’s holdings in BWX Technologies were worth $5,178,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of BWXT. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of BWX Technologies in the 1st quarter worth approximately $255,000. Commonwealth Equity Services LLC boosted its holdings in shares of BWX Technologies by 40.7% in the 1st quarter. Commonwealth Equity Services LLC now owns 5,144 shares of the technology company’s stock worth $528,000 after acquiring an additional 1,487 shares in the last quarter. Quantbot Technologies LP acquired a new position in BWX Technologies during the 1st quarter worth $1,096,000. Empowered Funds LLC acquired a new position in BWX Technologies during the 1st quarter worth $234,000. Finally, PFG Advisors acquired a new position in BWX Technologies during the 1st quarter worth $1,031,000. 94.39% of the stock is owned by institutional investors and hedge funds.

BWX Technologies Trading Up 2.9 %

Shares of BWXT traded up $3.52 during trading hours on Friday, reaching $124.57. The stock had a trading volume of 1,119,289 shares, compared to its average volume of 628,307. The company has a market cap of $11.39 billion, a P/E ratio of 41.25, a P/E/G ratio of 4.30 and a beta of 0.69. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 1.21. BWX Technologies, Inc. has a 52 week low of $74.69 and a 52 week high of $128.00. The firm has a 50-day moving average of $112.26 and a 200 day moving average of $100.89.

BWX Technologies (NYSE:BWXT) last announced its earnings results on Monday, November 4th. The technology company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.06. The firm had revenue of $672.00 million during the quarter, compared to analyst estimates of $658.84 million. BWX Technologies had a net margin of 10.32% and a return on equity of 32.78%. The company’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.67 EPS. On average, sell-side analysts expect that BWX Technologies, Inc. will post 3.2 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th will be paid a dividend of $0.24 per share. The ex-dividend date is Tuesday, November 19th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.77%. BWX Technologies’s dividend payout ratio is 31.79%.

Analyst Ratings Changes

BWXT has been the topic of several research reports. Truist Financial upped their price objective on BWX Technologies from $95.00 to $106.00 and gave the stock a “hold” rating in a report on Tuesday. StockNews.com downgraded BWX Technologies from a “buy” rating to a “hold” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft upped their price objective on BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Barclays cut shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and upped their target price for the company from $75.00 to $90.00 in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $110.67.

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.