Sanctuary Advisors LLC Boosts Stock Position in BWX Technologies, Inc. (NYSE:BWXT)

Sanctuary Advisors LLC increased its holdings in BWX Technologies, Inc. (NYSE:BWXT) by 1,249.4% during the 3rd quarter, Holdings Channel reports. The firm owned 86,509 shares of the technology company’s stock after buying an additional 80,098 shares during the period. Sanctuary Advisors LLC’s holdings in BWX Technologies were worth $9,404,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

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

BWX Technologies Stock Down 1.4 %

BWXT stock opened at $120.93 on Friday. The business has a 50 day moving average of $124.75 and a 200 day moving average of $107.22. The firm has a market cap of $11.06 billion, a PE ratio of 40.04, a price-to-earnings-growth ratio of 4.12 and a beta of 0.70. BWX Technologies, Inc. has a twelve month low of $74.69 and a twelve month high of $136.31. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15.

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

BWX Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 19th were issued a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $0.96 dividend on an annualized basis and a yield of 0.79%. BWX Technologies’s payout ratio is currently 31.79%.

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.