BWX Technologies, Inc. (NYSE:BWXT) Shares Acquired by Narwhal Capital Management

Narwhal Capital Management lifted its stake in BWX Technologies, Inc. (NYSE:BWXT) by 33.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,979 shares of the technology company’s stock after buying an additional 5,250 shares during the period. Narwhal Capital Management’s holdings in BWX Technologies were worth $2,337,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CIBC Asset Management Inc grew its position in shares of BWX Technologies by 3.4% during the third quarter. CIBC Asset Management Inc now owns 2,667 shares of the technology company’s stock worth $290,000 after acquiring an additional 87 shares during the last quarter. Stone House Investment Management LLC boosted its stake 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. AdvisorNet Financial Inc grew its position in 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 purchasing an additional 104 shares during the last quarter. Fulcrum Equity Management increased its stake in 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 purchasing an additional 127 shares during the period. 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 buying an additional 131 shares during the last quarter. 94.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Truist Financial raised their price target on BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft boosted their target price on BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Barclays increased their price target on BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a report on Monday, December 16th. StockNews.com cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Finally, Maxim Group raised 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, January 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, BWX Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $127.50.

BWX Technologies Stock Performance

Shares of BWXT opened at $127.64 on Monday. 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, Inc. has a 52-week low of $80.48 and a 52-week high of $136.31. The company has a 50-day simple moving average of $121.28 and a 200-day simple moving average of $112.65. The company has a market capitalization of $11.67 billion, a PE ratio of 42.26, a P/E/G ratio of 3.92 and a beta of 0.73.

BWX Technologies (NYSE:BWXT) last issued its 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 company had revenue of $672.00 million during the quarter, compared to analysts’ expectations of $658.84 million. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The firm’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period last year, the company posted $0.67 earnings per share. Equities research analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 19th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.75%. The ex-dividend date was Tuesday, November 19th. BWX Technologies’s dividend payout ratio (DPR) is 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.