ArrowMark Colorado Holdings LLC Has $14.70 Million Stake in BWX Technologies, Inc. (NYSE:BWXT)

ArrowMark Colorado Holdings LLC lifted its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 3.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 135,223 shares of the technology company’s stock after buying an additional 5,000 shares during the quarter. ArrowMark Colorado Holdings LLC owned about 0.15% of BWX Technologies worth $14,699,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of BWXT. Thrivent Financial for Lutherans increased its holdings in BWX Technologies by 1,121.6% in the second quarter. Thrivent Financial for Lutherans now owns 578,068 shares of the technology company’s stock worth $54,916,000 after purchasing an additional 530,749 shares in the last quarter. FMR LLC increased its stake in shares of BWX Technologies by 22.3% in the 3rd quarter. FMR LLC now owns 1,754,567 shares of the technology company’s stock valued at $190,721,000 after acquiring an additional 320,217 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of BWX Technologies by 49.7% in the 3rd quarter. Van ECK Associates Corp now owns 960,269 shares of the technology company’s stock valued at $104,381,000 after acquiring an additional 318,598 shares in the last quarter. Sapient Capital LLC acquired a new position in shares of BWX Technologies during the 2nd quarter valued at $29,408,000. Finally, American Century Companies Inc. boosted its stake in BWX Technologies by 37.9% during the second quarter. American Century Companies Inc. now owns 738,542 shares of the technology company’s stock worth $70,161,000 after acquiring an additional 203,067 shares in the last quarter. 94.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Alembic Global Advisors raised BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 target price for the company in a research report on Tuesday, November 12th. StockNews.com downgraded BWX Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Bank of America raised their price objective on BWX Technologies from $115.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, Truist Financial upped their target price on BWX Technologies from $95.00 to $106.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $122.43.

BWX Technologies Stock Down 1.3 %

Shares of NYSE:BWXT opened at $129.20 on Tuesday. The business’s 50 day moving average is $122.21 and its 200 day moving average is $105.18. BWX Technologies, Inc. has a 12-month low of $74.69 and a 12-month high of $136.31. The stock has a market cap of $11.81 billion, a price-to-earnings ratio of 42.78, a PEG ratio of 4.38 and a beta of 0.69. 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 (NYSE:BWXT) last posted its quarterly earnings data on Monday, November 4th. The technology company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.06. The firm had revenue of $672.00 million for the quarter, compared to the consensus estimate of $658.84 million. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.67 EPS. On average, sell-side analysts forecast 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 will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 19th will be given a dividend of $0.24 per share. The ex-dividend date is Tuesday, November 19th. This represents a $0.96 annualized dividend and a dividend yield of 0.74%. BWX Technologies’s dividend payout ratio is currently 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.