Levin Capital Strategies L.P. Decreases Stake in BWX Technologies, Inc. (NYSE:BWXT)

Levin Capital Strategies L.P. reduced its stake in BWX Technologies, Inc. (NYSE:BWXT) by 3.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 151,860 shares of the technology company’s stock after selling 5,570 shares during the period. BWX Technologies comprises 1.3% of Levin Capital Strategies L.P.’s investment portfolio, making the stock its 29th largest position. Levin Capital Strategies L.P. owned 0.17% of BWX Technologies worth $11,652,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. SRS Capital Advisors Inc. increased 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 buying an additional 422 shares during the period. Fortis Group Advisors LLC bought a new stake in shares of BWX Technologies during the third quarter valued at approximately $46,000. Millburn Ridgefield Corp bought a new stake in shares of BWX Technologies during the third quarter valued at approximately $50,000. Catalyst Capital Advisors LLC bought a new stake in shares of BWX Technologies during the third quarter valued at approximately $50,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of BWX Technologies during the third quarter valued at approximately $62,000. 94.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

BWX Technologies Price Performance

Shares of BWX Technologies stock traded up $0.19 during mid-day trading on Thursday, reaching $95.92. 304,996 shares of the stock traded hands, compared to its average volume of 598,259. The business has a 50-day moving average of $98.38 and a 200 day moving average of $85.78. BWX Technologies, Inc. has a fifty-two week low of $60.17 and a fifty-two week high of $107.18. The stock has a market capitalization of $8.77 billion, a PE ratio of 35.58, a PEG ratio of 3.05 and a beta of 0.75. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 1.29.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings data 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 during the quarter, compared to analyst estimates of $659.42 million. BWX Technologies had a return on equity of 32.38% and a net margin of 9.85%. The firm’s revenue for the quarter was up 16.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.93 earnings per share. On average, analysts predict that BWX Technologies, Inc. will post 3.14 EPS for the current year.

BWX Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Monday, March 11th were paid a $0.24 dividend. This is a boost from BWX Technologies’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 1.00%. The ex-dividend date 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.