Arkfeld Wealth Strategies L.L.C. Buys New Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Arkfeld Wealth Strategies L.L.C. bought a new stake in BWX Technologies, Inc. (NYSE:BWXT) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 11,857 shares of the technology company’s stock, valued at approximately $1,144,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Frontier Capital Management Co. LLC increased its stake in BWX Technologies by 28.8% in the fourth quarter. Frontier Capital Management Co. LLC now owns 967,317 shares of the technology company’s stock valued at $74,222,000 after purchasing an additional 216,525 shares during the last quarter. First Trust Advisors LP grew its position in shares of BWX Technologies by 41.3% during the fourth quarter. First Trust Advisors LP now owns 330,559 shares of the technology company’s stock worth $25,364,000 after acquiring an additional 96,629 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of BWX Technologies by 42.6% during the third quarter. Envestnet Asset Management Inc. now owns 280,437 shares of the technology company’s stock worth $21,027,000 after acquiring an additional 83,747 shares during the last quarter. Vanguard Group Inc. grew its position in shares of BWX Technologies by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 8,677,218 shares of the technology company’s stock worth $665,803,000 after acquiring an additional 65,137 shares during the last quarter. Finally, Ghisallo Capital Management LLC purchased a new position in shares of BWX Technologies during the fourth quarter worth approximately $4,188,000. Institutional investors and hedge funds own 94.39% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on BWXT. Bank of America increased their price target on BWX Technologies from $82.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Deutsche Bank Aktiengesellschaft reduced their target price on BWX Technologies from $110.00 to $107.00 and set a “buy” rating for the company in a report on Monday, June 10th. StockNews.com upgraded BWX Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, May 8th. BTIG Research began coverage on BWX Technologies in a research report on Wednesday. They set a “buy” rating and a $110.00 price objective for the company. Finally, Truist Financial reiterated a “hold” rating and set a $95.00 price objective (down previously from $110.00) on shares of BWX Technologies in a research report on Monday, March 25th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $94.25.

BWX Technologies Trading Up 1.3 %

Shares of NYSE:BWXT traded up $1.24 during trading on Wednesday, reaching $95.49. 631,317 shares of the stock were exchanged, compared to its average volume of 600,310. The company has a debt-to-equity ratio of 1.29, a quick ratio of 2.24 and a current ratio of 2.24. BWX Technologies, Inc. has a 12-month low of $67.91 and a 12-month high of $107.18. The firm has a market cap of $8.73 billion, a price-to-earnings ratio of 34.31, a price-to-earnings-growth ratio of 3.55 and a beta of 0.71. The firm’s 50-day moving average price is $91.23 and its 200 day moving average price is $89.47.

BWX Technologies (NYSE:BWXT) last issued its earnings results on Monday, May 6th. The technology company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.09. BWX Technologies had a return on equity of 31.57% and a net margin of 10.00%. The business had revenue of $603.97 million during the quarter, compared to analysts’ expectations of $599.92 million. During the same quarter in the previous year, the business earned $0.70 EPS. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, sell-side analysts anticipate that BWX Technologies, Inc. will post 3.19 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Friday, May 17th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.01%. The ex-dividend date was Thursday, May 16th. BWX Technologies’s dividend payout ratio (DPR) is presently 34.66%.

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.