Bridges Investment Management Inc. Has $39.45 Million Position in BWX Technologies, Inc. (NYSE:BWXT)

Bridges Investment Management Inc. grew its holdings in BWX Technologies, Inc. (NYSE:BWXT) by 1.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 362,950 shares of the technology company’s stock after buying an additional 3,803 shares during the quarter. Bridges Investment Management Inc.’s holdings in BWX Technologies were worth $39,453,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Quent Capital LLC lifted its stake in shares of BWX Technologies by 147.6% during the third quarter. Quent Capital LLC now owns 255 shares of the technology company’s stock valued at $28,000 after acquiring an additional 152 shares during the period. UMB Bank n.a. boosted its position in shares of BWX Technologies by 729.0% in the 3rd quarter. UMB Bank n.a. now owns 257 shares of the technology company’s stock worth $28,000 after purchasing an additional 226 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of BWX Technologies during the third quarter worth $31,000. GAMMA Investing LLC increased its holdings in BWX Technologies by 58.9% in the second quarter. GAMMA Investing LLC now owns 429 shares of the technology company’s stock valued at $41,000 after purchasing an additional 159 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in BWX Technologies by 37.2% during the second quarter. Blue Trust Inc. now owns 446 shares of the technology company’s stock worth $46,000 after buying an additional 121 shares during the last quarter. 94.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Truist Financial boosted their price target on shares of BWX Technologies from $95.00 to $106.00 and gave the stock a “hold” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft increased their price target on shares of BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday. StockNews.com downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Barclays lowered BWX Technologies from an “equal weight” rating to an “underweight” rating and increased their target price for the stock from $75.00 to $90.00 in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $110.67.

BWX Technologies Trading Up 2.9 %

NYSE BWXT opened at $124.57 on Friday. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 1.21. The business has a fifty day simple moving average of $112.26 and a 200 day simple moving average of $100.89. BWX Technologies, Inc. has a 12 month low of $74.69 and a 12 month high of $128.00. The firm has a market capitalization of $11.39 billion, a P/E ratio of 41.25, a PEG ratio of 4.30 and a beta of 0.69.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings data on Monday, November 4th. The technology company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.06. BWX Technologies had a return on equity of 32.78% and a net margin of 10.32%. The company had revenue of $672.00 million during the quarter, compared to analyst estimates of $658.84 million. During the same quarter last year, the firm posted $0.67 EPS. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. On average, analysts predict that BWX Technologies, Inc. will post 3.2 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date is Tuesday, November 19th. BWX Technologies’s 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.