BWX Technologies, Inc. $BWXT Stock: Narwhal Capital Management Grows Position

Narwhal Capital Management raised its position in BWX Technologies, Inc. (NYSE:BWXT) by 17.0% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 33,728 shares of the technology company’s stock after purchasing an additional 4,890 shares during the period. Narwhal Capital Management’s holdings in BWX Technologies were worth $4,621,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Transamerica Financial Advisors LLC acquired a new position in BWX Technologies during the second quarter worth about $26,000. Security National Bank of SO Dak purchased a new stake in BWX Technologies during the 2nd quarter valued at about $29,000. Byrne Asset Management LLC acquired a new stake in BWX Technologies in the 3rd quarter valued at about $34,000. Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in BWX Technologies in the 2nd quarter valued at about $40,000. Finally, Root Financial Partners LLC acquired a new stake in BWX Technologies in the 3rd quarter valued at about $40,000. Institutional investors and hedge funds own 94.39% of the company’s stock.

BWX Technologies Stock Down 1.1%

BWX Technologies stock opened at $126.58 on Wednesday. BWX Technologies, Inc. has a fifty-two week low of $112.54 and a fifty-two week high of $241.82. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.84 and a current ratio of 1.88. The firm has a 50 day moving average price of $139.57 and a 200 day moving average price of $181.82. The company has a market capitalization of $11.60 billion, a PE ratio of 31.03, a price-to-earnings-growth ratio of 1.89 and a beta of 0.75.

BWX Technologies (NYSE:BWXT) last posted its earnings results on Monday, November 2nd. The technology company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.07. The firm had revenue of $952.97 million for the quarter, compared to analyst estimates of $970.52 million. BWX Technologies had a return on equity of 31.65% and a net margin of 10.41%. BWX Technologies’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.00 EPS. Research analysts expect that BWX Technologies, Inc. will post 4.76 earnings per share for the current year.

BWX Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Thursday, November 19th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, November 19th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.9%. BWX Technologies’s dividend payout ratio is currently 26.47%.

Analyst Ratings Changes

Several research firms recently commented on BWXT. Citigroup reaffirmed an “outperform” rating on shares of BWX Technologies in a report on Wednesday, September 30th. Truist Financial lowered their price objective on BWX Technologies from $202.00 to $182.00 and set a “hold” rating on the stock in a research note on Tuesday, October 6th. Jefferies Financial Group initiated coverage on BWX Technologies in a research note on Thursday, September 3rd. They set a “buy” rating and a $181.00 price objective on the stock. Wall Street Zen cut BWX Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, BTIG Research restated a “buy” rating and issued a $235.00 target price on shares of BWX Technologies in a report on Wednesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $205.00.

About BWX Technologies

BWX Technologies, Inc. (NYSE: BWXT) is a supplier of nuclear components, fuel and services for government and commercial customers. Its work includes designing and manufacturing nuclear reactors and related equipment for the U.S. Navy’s nuclear-powered fleet, as well as providing engineering, maintenance and other services to government nuclear programs. Through its commercial operations, BWXT supplies components and services for nuclear power plants and supports activities such as nuclear facility decommissioning and waste management.