Commerce Bank Acquires New Shares in BWX Technologies, Inc. (NYSE:BWXT)

Commerce Bank acquired a new stake in shares of BWX Technologies, Inc. (NYSE:BWXT) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,163 shares of the technology company’s stock, valued at approximately $235,000.

Several other institutional investors also recently modified their holdings of BWXT. Quent Capital LLC boosted its position in shares of BWX Technologies by 147.6% during the third quarter. Quent Capital LLC now owns 255 shares of the technology company’s stock valued at $28,000 after buying an additional 152 shares during the last quarter. UMB Bank n.a. boosted its position in shares of 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 buying an additional 226 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of BWX Technologies during the third quarter valued at $31,000. GAMMA Investing LLC boosted its position in shares of BWX Technologies by 58.9% during the second quarter. GAMMA Investing LLC now owns 429 shares of the technology company’s stock valued at $41,000 after buying an additional 159 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of BWX Technologies during the second quarter valued at $45,000. 94.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BWXT. Deutsche Bank Aktiengesellschaft raised their target price on BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Bank of America lifted their price objective on BWX Technologies from $115.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Truist Financial lifted their price objective on BWX Technologies from $95.00 to $106.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. StockNews.com cut BWX Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Finally, Alembic Global Advisors raised BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price objective on the stock in a research report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.43.

BWX Technologies Stock Performance

NYSE:BWXT opened at $130.55 on Thursday. The company has a market cap of $11.94 billion, a price-to-earnings ratio of 43.82, a PEG ratio of 4.37 and a beta of 0.69. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. The stock’s 50 day simple moving average is $119.86 and its two-hundred day simple moving average is $104.02. BWX Technologies, Inc. has a 1 year low of $74.69 and a 1 year high of $136.31.

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

BWX Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 19th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $0.96 annualized dividend and a yield of 0.74%. BWX Technologies’s payout ratio is presently 31.79%.

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.