Barometer Capital Management Inc. Decreases Stake in BWX Technologies, Inc. (NYSE:BWXT)

Barometer Capital Management Inc. reduced its stake in BWX Technologies, Inc. (NYSE:BWXT) by 6.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 45,160 shares of the technology company’s stock after selling 3,180 shares during the quarter. Barometer Capital Management Inc.’s holdings in BWX Technologies were worth $3,465,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of BWXT. Benjamin F. Edwards & Company Inc. acquired a new position in BWX Technologies in the fourth quarter valued at $25,000. SRS Capital Advisors Inc. increased its stake in BWX Technologies by 322.1% in the fourth quarter. SRS Capital Advisors Inc. now owns 553 shares of the technology company’s stock valued at $42,000 after purchasing an additional 422 shares during the last quarter. Fortis Group Advisors LLC acquired a new position in BWX Technologies in the third quarter valued at $46,000. Catalyst Capital Advisors LLC acquired a new position in BWX Technologies in the third quarter valued at $50,000. Finally, Psagot Value Holdings Ltd. Israel increased its stake in BWX Technologies by 768.6% in the fourth quarter. Psagot Value Holdings Ltd. Israel now owns 912 shares of the technology company’s stock valued at $70,000 after purchasing an additional 807 shares during the last quarter. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on BWXT shares. CLSA started coverage on BWX Technologies in a research note on Monday, June 3rd. They set a “buy” rating for the company. Truist Financial restated a “hold” rating and set a $95.00 price target (down from $110.00) on shares of BWX Technologies in a research note on Monday, March 25th. Deutsche Bank Aktiengesellschaft dropped their price target on BWX Technologies from $110.00 to $107.00 and set a “buy” rating for the company in a research note on Monday. StockNews.com upgraded BWX Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, May 8th. Finally, Bank of America increased their target price on BWX Technologies from $82.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $92.00.

BWX Technologies Stock Performance

BWXT traded down $0.58 on Tuesday, hitting $88.49. 254,569 shares of the stock traded hands, compared to its average volume of 600,521. BWX Technologies, Inc. has a 52 week low of $64.76 and a 52 week high of $107.18. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $8.09 billion, a PE ratio of 32.16, a P/E/G ratio of 2.98 and a beta of 0.71. The business has a fifty day moving average price of $92.61 and a two-hundred day moving average price of $88.50.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings results on Monday, May 6th. The technology company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.09. BWX Technologies had a return on equity of 31.57% and a net margin of 10.00%. The firm had revenue of $603.97 million for the quarter, compared to analyst estimates of $599.92 million. During the same period in the previous year, the company posted $0.70 earnings per share. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. On average, research analysts predict that BWX Technologies, Inc. will post 3.19 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 6th. Stockholders of record on Friday, May 17th were paid a $0.24 dividend. The ex-dividend date was Thursday, May 16th. This represents a $0.96 annualized dividend and a dividend yield of 1.08%. BWX Technologies’s dividend payout ratio is currently 34.66%.

BWX Technologies Company 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.