Tidal Investments LLC Buys 2,030 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Tidal Investments LLC raised its stake in BWX Technologies, Inc. (NYSE:BWXT) by 9.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 23,456 shares of the technology company’s stock after buying an additional 2,030 shares during the period. Tidal Investments LLC’s holdings in BWX Technologies were worth $2,550,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB bought a new stake in BWX Technologies in the third quarter valued at approximately $230,000. Sanctuary Advisors LLC lifted its position in shares of BWX Technologies by 1,249.4% in the 3rd quarter. Sanctuary Advisors LLC now owns 86,509 shares of the technology company’s stock worth $9,404,000 after purchasing an additional 80,098 shares during the period. Fulcrum Equity Management boosted its stake in shares of BWX Technologies by 4.0% in the 3rd quarter. Fulcrum Equity Management now owns 3,337 shares of the technology company’s stock valued at $363,000 after purchasing an additional 127 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of BWX Technologies during the third quarter worth $529,000. Finally, Sunbelt Securities Inc. raised its stake in BWX Technologies by 23.6% during the third quarter. Sunbelt Securities Inc. now owns 2,212 shares of the technology company’s stock worth $240,000 after buying an additional 422 shares during the last quarter. Institutional investors and hedge funds own 94.39% of the company’s stock.

Analyst Upgrades and Downgrades

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

BWX Technologies Stock Performance

Shares of BWXT stock opened at $120.91 on Monday. BWX Technologies, Inc. has a one year low of $74.69 and a one year high of $136.31. The company has a market cap of $11.06 billion, a P/E ratio of 40.04, a P/E/G ratio of 4.12 and a beta of 0.70. The firm has a 50-day moving average of $124.75 and a 200-day moving average of $107.49. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings data on Monday, November 4th. The technology company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.06. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The business had revenue of $672.00 million for the quarter, compared to analysts’ expectations of $658.84 million. During the same period in the previous year, the business posted $0.67 EPS. The firm’s quarterly revenue was up 13.9% compared to the same quarter last year. Equities research analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th were given a dividend of $0.24 per share. The ex-dividend date was Tuesday, November 19th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.79%. BWX Technologies’s dividend payout ratio (DPR) is currently 31.79%.

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.