Garnet Equity Capital Holdings Inc. Has $2.35 Million Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Garnet Equity Capital Holdings Inc. cut its position in BWX Technologies, Inc. (NYSE:BWXT) by 75.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,650 shares of the technology company’s stock after selling 92,791 shares during the period. BWX Technologies accounts for about 0.7% of Garnet Equity Capital Holdings Inc.’s investment portfolio, making the stock its 15th biggest position. Garnet Equity Capital Holdings Inc.’s holdings in BWX Technologies were worth $2,352,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. bought a new stake in shares of BWX Technologies during the fourth quarter valued at approximately $25,000. SRS Capital Advisors Inc. grew its stake in shares of BWX Technologies by 322.1% during 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. Van ECK Associates Corp grew its stake in shares of BWX Technologies by 32.5% during the fourth quarter. Van ECK Associates Corp now owns 181,169 shares of the technology company’s stock valued at $13,901,000 after purchasing an additional 44,388 shares during the last quarter. Retirement Systems of Alabama grew its stake in shares of BWX Technologies by 0.3% during the fourth quarter. Retirement Systems of Alabama now owns 114,557 shares of the technology company’s stock valued at $8,790,000 after purchasing an additional 352 shares during the last quarter. Finally, Truist Financial Corp grew its stake in shares of BWX Technologies by 10.0% during the fourth quarter. Truist Financial Corp now owns 5,440 shares of the technology company’s stock valued at $417,000 after purchasing an additional 496 shares during the last quarter. 94.39% of the stock is currently owned by institutional investors and hedge funds.

BWX Technologies Trading Down 0.2 %

NYSE BWXT traded down $0.21 during trading hours on Thursday, hitting $95.52. The company’s stock had a trading volume of 572,844 shares, compared to its average volume of 601,637. The stock has a fifty day moving average of $98.38 and a 200 day moving average of $85.78. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $8.73 billion, a P/E ratio of 35.58, a PEG ratio of 3.05 and a beta of 0.75. BWX Technologies, Inc. has a twelve month low of $60.17 and a twelve month high of $107.18.

BWX Technologies (NYSE:BWXT) last posted its earnings results on Tuesday, February 27th. The technology company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.07. The company had revenue of $725.52 million for the quarter, compared to analyst estimates of $659.42 million. BWX Technologies had a net margin of 9.85% and a return on equity of 32.38%. The business’s revenue for the quarter was up 16.2% compared to the same quarter last year. During the same period last year, the business posted $0.93 earnings per share. Equities research analysts forecast that BWX Technologies, Inc. will post 3.14 earnings per share for the current fiscal year.

BWX Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Monday, March 11th were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, March 8th. This is a positive change from BWX Technologies’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 1.01%. BWX Technologies’s dividend payout ratio (DPR) is 35.69%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. StockNews.com cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, March 12th. Bank of America increased their price objective on shares of BWX Technologies from $82.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Finally, Truist Financial restated a “hold” rating and issued a $95.00 price objective (down from $110.00) on shares of BWX Technologies in a report on Monday, March 25th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $89.00.

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.