Brookmont Capital Management Trims Stake in BWX Technologies, Inc. (NYSE:BWXT)

Brookmont Capital Management lessened its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT) by 14.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,993 shares of the technology company’s stock after selling 501 shares during the period. Brookmont Capital Management’s holdings in BWX Technologies were worth $333,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Stone House Investment Management LLC increased its holdings in 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 purchasing an additional 99 shares during the period. Quent Capital LLC grew its position in shares of BWX Technologies by 147.6% in the 3rd quarter. Quent Capital LLC now owns 255 shares of the technology company’s stock worth $28,000 after buying an additional 152 shares during the last quarter. UMB Bank n.a. increased its position in shares of BWX Technologies by 729.0% during the third quarter. UMB Bank n.a. now owns 257 shares of the technology company’s stock worth $28,000 after purchasing an additional 226 shares in the last quarter. Quarry LP raised its stake in 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 buying an additional 131 shares during the last quarter. Finally, Retirement Wealth Solutions LLC purchased a new stake in BWX Technologies during the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors own 94.39% of the company’s stock.

Analyst Upgrades and Downgrades

BWXT has been the subject of a number of research reports. Bank of America lifted their target price on BWX Technologies from $115.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Alembic Global Advisors upgraded shares of BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price target for the company in a research report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Barclays increased 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. Finally, Truist Financial increased their price target on shares of BWX Technologies from $106.00 to $114.00 and gave the company a “hold” rating in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $127.50.

BWX Technologies Price Performance

BWX Technologies stock opened at $122.75 on Tuesday. The company’s 50 day simple moving average is $121.33 and its 200-day simple moving average is $111.73. BWX Technologies, Inc. has a 1 year low of $78.47 and a 1 year high of $136.31. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25. The company has a market capitalization of $11.23 billion, a price-to-earnings ratio of 40.65, a price-to-earnings-growth ratio of 3.59 and a beta of 0.73.

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

BWX Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 19th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date was Tuesday, November 19th. BWX Technologies’s dividend payout ratio is currently 31.79%.

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.