SRS Capital Advisors Inc. Has $42,000 Position in BWX Technologies, Inc. (NYSE:BWXT)

SRS Capital Advisors Inc. boosted its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT) by 322.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 553 shares of the technology company’s stock after buying an additional 422 shares during the period. SRS Capital Advisors Inc.’s holdings in BWX Technologies were worth $42,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. SG Americas Securities LLC raised its stake in shares of BWX Technologies by 54.6% during the 3rd quarter. SG Americas Securities LLC now owns 6,958 shares of the technology company’s stock worth $522,000 after purchasing an additional 2,456 shares during the period. Commonwealth Equity Services LLC purchased a new position in BWX Technologies in the third quarter valued at about $220,000. Raymond James & Associates boosted its stake in BWX Technologies by 3.6% in the third quarter. Raymond James & Associates now owns 353,854 shares of the technology company’s stock valued at $26,532,000 after acquiring an additional 12,430 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of BWX Technologies by 1.6% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 15,414 shares of the technology company’s stock valued at $1,156,000 after acquiring an additional 250 shares during the period. Finally, Brown Advisory Inc. increased its stake in shares of BWX Technologies by 4.1% during the 3rd quarter. Brown Advisory Inc. now owns 14,801 shares of the technology company’s stock worth $1,110,000 after purchasing an additional 589 shares during the last quarter. 94.39% of the stock is owned by institutional investors.

BWX Technologies Stock Performance

BWX Technologies stock opened at $97.34 on Friday. BWX Technologies, Inc. has a 1-year low of $60.17 and a 1-year high of $107.18. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $8.90 billion, a PE ratio of 36.19, a price-to-earnings-growth ratio of 3.10 and a beta of 0.75. The firm’s 50 day simple moving average is $98.64 and its 200 day simple moving average is $86.03.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Tuesday, February 27th. The technology company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.07. The firm had revenue of $725.52 million during the quarter, compared to analyst estimates of $659.42 million. BWX Technologies had a net margin of 9.85% and a return on equity of 32.38%. The business’s revenue for the quarter was up 16.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.93 EPS. As a group, analysts expect that BWX Technologies, Inc. will post 3.14 earnings per share for the current fiscal 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. The ex-dividend date was Friday, March 8th. This represents a $0.96 annualized dividend and a dividend yield of 0.99%. This is a boost from BWX Technologies’s previous quarterly dividend of $0.23. BWX Technologies’s dividend payout ratio (DPR) is presently 35.69%.

Analysts Set New Price Targets

BWXT has been the topic of several research analyst reports. StockNews.com downgraded BWX Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, March 12th. Bank of America upped their price target on BWX Technologies from $82.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Finally, Truist Financial restated a “hold” rating and issued a $95.00 price objective (down from $110.00) on shares of BWX Technologies in a research note on Monday, March 25th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, BWX Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.00.

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.