6,620 Shares in BWX Technologies, Inc. (NYSE:BWXT) Purchased by Cooper Financial Group

Cooper Financial Group acquired a new stake in BWX Technologies, Inc. (NYSE:BWXT) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 6,620 shares of the technology company’s stock, valued at approximately $737,000.

A number of other institutional investors have also bought and sold shares of the business. CIBC Asset Management Inc increased its holdings in shares of BWX Technologies by 3.4% in the third quarter. CIBC Asset Management Inc now owns 2,667 shares of the technology company’s stock valued at $290,000 after purchasing an additional 87 shares during the last quarter. Stone House Investment Management LLC increased its stake in shares of BWX Technologies by 76.2% in the 3rd quarter. Stone House Investment Management LLC now owns 229 shares of the technology company’s stock worth $25,000 after acquiring an additional 99 shares during the last quarter. Fulcrum Equity Management increased 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 worth $363,000 after acquiring an additional 127 shares during the last quarter. Quarry LP raised its holdings in shares of BWX Technologies by 93.6% during the 3rd quarter. Quarry LP now owns 271 shares of the technology company’s stock worth $29,000 after acquiring an additional 131 shares during the period. Finally, Hancock Whitney Corp boosted its position in shares of BWX Technologies by 5.8% during the 3rd quarter. Hancock Whitney Corp now owns 2,434 shares of the technology company’s stock valued at $265,000 after acquiring an additional 133 shares during the last quarter. 94.39% of the stock is owned by hedge funds and other institutional investors.

BWX Technologies Trading Down 0.2 %

NYSE BWXT opened at $114.44 on Tuesday. The stock has a market capitalization of $10.46 billion, a PE ratio of 37.89, a price-to-earnings-growth ratio of 4.12 and a beta of 0.73. The firm has a 50 day moving average of $121.55 and a two-hundred day moving average of $110.69. BWX Technologies, Inc. has a 52 week low of $78.47 and a 52 week 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 announced its quarterly earnings results 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. 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 firm’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.67 earnings per share. As a group, research analysts expect that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 19th were given a $0.24 dividend. The ex-dividend date was Tuesday, November 19th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.84%. BWX Technologies’s dividend payout ratio (DPR) is presently 31.79%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on BWXT shares. Maxim Group lifted their target price on shares of BWX Technologies from $138.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft lifted their price target on shares of BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Barclays raised their target price on BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a research note on Monday, December 16th. Truist Financial boosted their price objective on shares of BWX Technologies from $95.00 to $106.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Finally, StockNews.com cut BWX Technologies from a “buy” rating to a “hold” 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 seven have given a buy rating to the stock. Based on data from MarketBeat.com, BWX Technologies presently has an average rating of “Moderate Buy” and an average price target of $126.50.

BWX Technologies 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.