Bank Julius Baer & Co. Ltd Zurich Sells 6,057 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Bank Julius Baer & Co. Ltd Zurich reduced its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 6.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 86,836 shares of the technology company’s stock after selling 6,057 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned 0.09% of BWX Technologies worth $6,663,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of BWXT. SG Americas Securities LLC grew its stake in shares of BWX Technologies by 54.6% during the third quarter. SG Americas Securities LLC now owns 6,958 shares of the technology company’s stock valued at $522,000 after buying an additional 2,456 shares during the last quarter. Exchange Traded Concepts LLC bought a new stake in shares of BWX Technologies in the third quarter worth about $608,000. Oak Thistle LLC bought a new stake in shares of BWX Technologies in the third quarter worth about $425,000. Oak Family Advisors LLC grew its stake in shares of BWX Technologies by 6.6% in the third quarter. Oak Family Advisors LLC now owns 71,696 shares of the technology company’s stock worth $5,376,000 after purchasing an additional 4,452 shares during the last quarter. Finally, Commonwealth Equity Services LLC bought a new stake in shares of BWX Technologies in the third quarter worth about $220,000. 94.39% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

BWX Technologies Stock Up 1.4 %

BWX Technologies stock traded up $1.29 during trading hours on Friday, hitting $95.98. 582,730 shares of the stock traded hands, compared to its average volume of 604,373. The firm’s 50-day moving average price is $97.73 and its two-hundred day moving average price is $85.19. BWX Technologies, Inc. has a one year low of $60.17 and a one year high of $107.18. The company has a market cap of $8.77 billion, a PE ratio of 35.68, a PEG ratio of 3.00 and a beta of 0.73. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 1.29.

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

BWX Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Monday, March 11th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.00%. This is a positive change from BWX Technologies’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, March 8th. BWX Technologies’s dividend payout ratio (DPR) is presently 35.69%.

About BWX Technologies

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.