Charles Schwab Investment Management Inc. Has $115.39 Million Stake in BWX Technologies, Inc. (NYSE:BWXT)

Charles Schwab Investment Management Inc. increased its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 0.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,061,503 shares of the technology company’s stock after purchasing an additional 2,156 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.16% of BWX Technologies worth $115,385,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Quent Capital LLC grew its holdings in shares of BWX Technologies by 147.6% during the 3rd quarter. Quent Capital LLC now owns 255 shares of the technology company’s stock valued at $28,000 after acquiring an additional 152 shares in the last quarter. UMB Bank n.a. boosted its position in BWX Technologies by 729.0% during the third quarter. UMB Bank n.a. now owns 257 shares of the technology company’s stock valued at $28,000 after purchasing an additional 226 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in BWX Technologies in the 3rd quarter worth about $31,000. GAMMA Investing LLC raised its stake in shares of BWX Technologies by 58.9% during the 2nd quarter. GAMMA Investing LLC now owns 429 shares of the technology company’s stock worth $41,000 after purchasing an additional 159 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of BWX Technologies by 37.2% during the 2nd quarter. Blue Trust Inc. now owns 446 shares of the technology company’s stock valued at $46,000 after buying an additional 121 shares during the last quarter. 94.39% of the stock is owned by hedge funds and other institutional investors.

BWX Technologies Stock Down 1.8 %

BWXT stock opened at $130.51 on Tuesday. The stock has a market capitalization of $11.93 billion, a price-to-earnings ratio of 43.18, a price-to-earnings-growth ratio of 4.45 and a beta of 0.69. The company has a 50-day moving average of $118.52 and a two-hundred day moving average of $103.43. BWX Technologies, Inc. has a 52-week low of $74.69 and a 52-week high of $136.31. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings data on Monday, November 4th. The technology company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.06. The business had revenue of $672.00 million during the quarter, compared to analysts’ expectations of $658.84 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The firm’s revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.67 EPS. As a group, equities research analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th will be paid a $0.24 dividend. 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 payout ratio is 31.79%.

Wall Street Analysts Forecast Growth

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

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.