BWX Technologies, Inc. (NYSE:BWXT) Position Increased by Hancock Whitney Corp

Hancock Whitney Corp boosted its holdings in BWX Technologies, Inc. (NYSE:BWXT) by 5.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,434 shares of the technology company’s stock after buying an additional 133 shares during the quarter. Hancock Whitney Corp’s holdings in BWX Technologies were worth $265,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Thrivent Financial for Lutherans boosted its holdings in shares of BWX Technologies by 1,121.6% in the second quarter. Thrivent Financial for Lutherans now owns 578,068 shares of the technology company’s stock worth $54,916,000 after buying an additional 530,749 shares during the period. Van ECK Associates Corp boosted its stake 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 period. Sapient Capital LLC purchased a new position in BWX Technologies during the 2nd quarter worth approximately $29,408,000. American Century Companies Inc. raised its stake in BWX Technologies by 37.9% during the 2nd quarter. American Century Companies Inc. now owns 738,542 shares of the technology company’s stock valued at $70,161,000 after purchasing an additional 203,067 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of BWX Technologies by 12.7% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,707,832 shares of the technology company’s stock worth $162,244,000 after buying an additional 192,042 shares during the period. Institutional investors own 94.39% of the company’s stock.

BWX Technologies Stock Performance

Shares of NYSE BWXT opened at $130.55 on Thursday. BWX Technologies, Inc. has a 52 week low of $74.69 and a 52 week high of $136.31. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25. The business’s 50-day simple moving average is $119.86 and its 200-day simple moving average is $104.02. The firm has a market cap of $11.94 billion, a price-to-earnings ratio of 43.23, a P/E/G ratio of 4.37 and a beta of 0.69.

BWX Technologies (NYSE:BWXT) last announced 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 net margin of 10.32% and a return on equity of 31.95%. The firm had revenue of $672.00 million for the quarter, compared to the consensus estimate of $658.84 million. During the same quarter last year, the firm posted $0.67 EPS. The business’s quarterly revenue was up 13.9% on a year-over-year basis. As a group, equities research analysts expect that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors 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 annualized dividend and a yield of 0.74%. BWX Technologies’s payout ratio is 31.79%.

Analyst Ratings Changes

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

About BWX Technologies

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.