International Assets Investment Management LLC Invests $21.32 Million in BWX Technologies, Inc. (NYSE:BWXT)

International Assets Investment Management LLC purchased a new stake in BWX Technologies, Inc. (NYSE:BWXT) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 27,786 shares of the technology company’s stock, valued at approximately $21,320,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Invesco Ltd. raised its position in BWX Technologies by 16.6% during the 3rd quarter. Invesco Ltd. now owns 2,027,376 shares of the technology company’s stock worth $152,013,000 after buying an additional 288,287 shares during the last quarter. Loomis Sayles & Co. L P purchased a new position in BWX Technologies during the third quarter worth about $17,295,000. Premier Fund Managers Ltd acquired a new stake in BWX Technologies in the third quarter valued at about $8,180,000. Jennison Associates LLC boosted its holdings in BWX Technologies by 96.6% in the 3rd quarter. Jennison Associates LLC now owns 200,080 shares of the technology company’s stock valued at $15,002,000 after purchasing an additional 98,335 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in BWX Technologies by 42.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 280,437 shares of the technology company’s stock worth $21,027,000 after purchasing an additional 83,747 shares during the period. Institutional investors and hedge funds own 94.39% of the company’s stock.

Analyst Ratings Changes

BWXT has been the topic of a number of analyst reports. Truist Financial restated a “hold” rating and issued a $95.00 price target (down from $110.00) on shares of BWX Technologies in a research note on Monday, March 25th. Bank of America boosted their target price on shares of BWX Technologies from $82.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Finally, StockNews.com downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, March 12th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $89.00.

BWX Technologies Price Performance

BWX Technologies stock opened at $97.34 on Friday. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 1.29. The firm’s 50-day simple moving average is $98.64 and its 200 day simple moving average is $86.03. BWX Technologies, Inc. has a 52 week low of $60.17 and a 52 week high of $107.18. The firm has a market capitalization of $8.90 billion, a PE ratio of 36.19, a P/E/G ratio of 3.04 and a beta of 0.75.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Tuesday, February 27th. The technology company reported $1.01 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 business had revenue of $725.52 million for the quarter, compared to analyst estimates of $659.42 million. During the same period in the prior year, the business earned $0.93 earnings per share. The company’s quarterly revenue was up 16.2% on a year-over-year basis. On average, equities research analysts predict that BWX Technologies, Inc. will post 3.14 EPS for the current fiscal year.

BWX Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Monday, March 11th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.99%. This is a boost from BWX Technologies’s previous quarterly dividend of $0.23. The ex-dividend date was Friday, March 8th. BWX Technologies’s payout ratio is 35.69%.

BWX Technologies Company 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.