Demars Financial Group LLC Boosts Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Demars Financial Group LLC raised its holdings in BWX Technologies, Inc. (NYSE:BWXTFree Report) by 526.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 44,643 shares of the technology company’s stock after purchasing an additional 37,520 shares during the quarter. BWX Technologies accounts for approximately 1.8% of Demars Financial Group LLC’s investment portfolio, making the stock its 12th biggest holding. Demars Financial Group LLC’s holdings in BWX Technologies were worth $3,425,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Raymond James & Associates boosted its stake in shares of BWX Technologies by 4.2% during the 4th quarter. Raymond James & Associates now owns 368,827 shares of the technology company’s stock worth $28,300,000 after acquiring an additional 14,973 shares in the last quarter. FMR LLC boosted its position in shares of BWX Technologies by 1.8% during the 3rd quarter. FMR LLC now owns 1,884,236 shares of the technology company’s stock worth $141,280,000 after purchasing an additional 32,664 shares during the period. Citigroup Inc. boosted its position in BWX Technologies by 11.3% in the 3rd quarter. Citigroup Inc. now owns 67,250 shares of the technology company’s stock valued at $5,042,000 after buying an additional 6,853 shares during the period. EAM Investors LLC purchased a new position in BWX Technologies in the 3rd quarter valued at approximately $1,621,000. Finally, Barometer Capital Management Inc. boosted its position in BWX Technologies by 100.5% in the 3rd quarter. Barometer Capital Management Inc. now owns 48,340 shares of the technology company’s stock valued at $3,625,000 after buying an additional 24,230 shares during the period. 94.39% of the stock is owned by hedge funds and other institutional investors.

BWX Technologies Trading Up 1.5 %

Shares of BWX Technologies stock opened at $93.70 on Wednesday. BWX Technologies, Inc. has a 52-week low of $60.17 and a 52-week high of $107.18. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 1.29. The company’s 50-day simple moving average is $97.24 and its 200-day simple moving average is $84.92. The firm has a market cap of $8.57 billion, a price-to-earnings ratio of 34.84, a price-to-earnings-growth ratio of 2.94 and a beta of 0.73.

BWX Technologies (NYSE:BWXTGet Free Report) last released its quarterly earnings data on Tuesday, February 27th. The technology company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.07. BWX Technologies had a net margin of 9.85% and a return on equity of 32.38%. The firm had revenue of $725.52 million for the quarter, compared to the consensus estimate of $659.42 million. During the same quarter in the previous year, the firm earned $0.93 earnings per share. The firm’s revenue was up 16.2% on a year-over-year basis. As a group, equities research analysts anticipate that BWX Technologies, Inc. will post 3.14 earnings per share for the current year.

BWX Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Monday, March 11th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.02%. The ex-dividend date was Friday, March 8th. This is an increase from BWX Technologies’s previous quarterly dividend of $0.23. BWX Technologies’s dividend payout ratio is 35.69%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on BWXT shares. Truist Financial reaffirmed a “hold” rating and set a $95.00 price objective (down from $110.00) on shares of BWX Technologies in a research report on Monday, March 25th. Bank of America lifted their price target on shares of BWX Technologies from $82.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Finally, lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, March 12th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.00.

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BWX Technologies Profile

(Free Report)

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.

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Institutional Ownership by Quarter for BWX Technologies (NYSE:BWXT)

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