Compass Wealth Management LLC Trims Position in BWX Technologies, Inc. (NYSE:BWXT)

Compass Wealth Management LLC reduced its position in BWX Technologies, Inc. (NYSE:BWXT) by 13.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 27,605 shares of the technology company’s stock after selling 4,185 shares during the period. Compass Wealth Management LLC’s holdings in BWX Technologies were worth $3,075,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BWXT. Hsbc Holdings PLC purchased a new position in BWX Technologies in the 2nd quarter worth approximately $479,000. XTX Topco Ltd boosted its stake in shares of BWX Technologies by 7.1% in the second quarter. XTX Topco Ltd now owns 2,237 shares of the technology company’s stock valued at $213,000 after purchasing an additional 149 shares during the period. Canada Pension Plan Investment Board acquired a new stake in BWX Technologies during the 2nd quarter valued at $636,000. Pacer Advisors Inc. increased its stake in BWX Technologies by 5.4% during the 2nd quarter. Pacer Advisors Inc. now owns 18,276 shares of the technology company’s stock worth $1,736,000 after buying an additional 934 shares during the period. Finally, Sei Investments Co. lifted its holdings in BWX Technologies by 8.7% in the 2nd quarter. Sei Investments Co. now owns 137,499 shares of the technology company’s stock worth $13,067,000 after buying an additional 10,977 shares in the last quarter. 94.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

BWX Technologies Stock Performance

BWXT opened at $127.64 on Friday. 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 cap of $11.67 billion, a PE ratio of 42.26, a price-to-earnings-growth ratio of 3.92 and a beta of 0.73. The stock has a 50-day moving average of $121.28 and a 200-day moving average of $112.40. BWX Technologies, Inc. has a 52-week low of $80.48 and a 52-week high of $136.31.

BWX Technologies (NYSE:BWXT) last released 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. 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 period in the prior year, the company earned $0.67 earnings per share. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. As a group, equities research analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th were given a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $0.96 annualized dividend and a dividend yield of 0.75%. BWX Technologies’s dividend payout ratio is 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.