Retirement Wealth Solutions LLC Makes New Investment in BWX Technologies, Inc. (NYSE:BWXT)

Retirement Wealth Solutions LLC bought a new stake in shares of BWX Technologies, Inc. (NYSE:BWXT) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 263 shares of the technology company’s stock, valued at approximately $30,000.

A number of other hedge funds have also recently made changes to their positions in the stock. CIBC Asset Management Inc increased its holdings in BWX Technologies by 3.4% during the 3rd quarter. CIBC Asset Management Inc now owns 2,667 shares of the technology company’s stock worth $290,000 after purchasing an additional 87 shares during the period. Stone House Investment Management LLC grew its position in shares of BWX Technologies by 76.2% during the 3rd quarter. Stone House Investment Management LLC now owns 229 shares of the technology company’s stock worth $25,000 after buying an additional 99 shares in the last quarter. AdvisorNet Financial Inc grew its position in shares of BWX Technologies by 15.4% during the 4th quarter. AdvisorNet Financial Inc now owns 779 shares of the technology company’s stock worth $87,000 after buying an additional 104 shares in the last quarter. Fulcrum Equity Management raised its holdings in shares of BWX Technologies by 4.0% in the third quarter. Fulcrum Equity Management now owns 3,337 shares of the technology company’s stock valued at $363,000 after acquiring an additional 127 shares in the last quarter. Finally, Quarry LP raised its holdings in shares of BWX Technologies by 93.6% in the third quarter. Quarry LP now owns 271 shares of the technology company’s stock valued at $29,000 after acquiring an additional 131 shares in the last quarter. 94.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BWXT has been the topic of several recent research reports. StockNews.com cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Truist Financial increased their price objective on shares of BWX Technologies from $106.00 to $114.00 and gave the company a “hold” rating in a research note on Tuesday. Alembic Global Advisors raised shares of BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price objective for the company in a research note on Tuesday, November 12th. Maxim Group upped their target price on BWX Technologies from $138.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Finally, Barclays lifted their price target on BWX Technologies from $90.00 to $105.00 and gave the company an “underweight” rating in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $127.50.

BWX Technologies Price Performance

NYSE BWXT opened at $122.75 on Friday. The firm’s fifty day simple moving average is $121.41 and its two-hundred day simple moving average is $111.31. The firm has a market capitalization of $11.22 billion, a P/E ratio of 40.65, a P/E/G ratio of 3.59 and a beta of 0.73. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. BWX Technologies, Inc. has a 12-month low of $78.47 and a 12-month high of $136.31.

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 the consensus estimate of $0.77 by $0.06. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The firm had revenue of $672.00 million for the quarter, compared to the consensus estimate of $658.84 million. During the same period in the previous year, the business earned $0.67 EPS. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. Analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $0.96 annualized dividend and a dividend yield of 0.78%. 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.