Y Intercept Hong Kong Ltd Has $2.98 Million Stake in BWX Technologies, Inc. (NYSE:BWXT)

Y Intercept Hong Kong Ltd grew its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT) by 708.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,737 shares of the technology company’s stock after purchasing an additional 23,428 shares during the period. Y Intercept Hong Kong Ltd’s holdings in BWX Technologies were worth $2,978,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Blue Trust Inc. boosted its stake in shares of BWX Technologies by 82.3% in the third quarter. Blue Trust Inc. now owns 813 shares of the technology company’s stock valued at $88,000 after buying an additional 367 shares during the period. Hennion & Walsh Asset Management Inc. lifted its position in shares of BWX Technologies by 20.7% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 8,913 shares of the technology company’s stock valued at $969,000 after acquiring an additional 1,529 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of BWX Technologies by 3.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 7,276 shares of the technology company’s stock valued at $791,000 after acquiring an additional 225 shares during the period. State of Alaska Department of Revenue grew its holdings in shares of BWX Technologies by 1.4% during the 3rd quarter. State of Alaska Department of Revenue now owns 50,683 shares of the technology company’s stock worth $5,509,000 after purchasing an additional 720 shares in the last quarter. Finally, Pinnacle Associates Ltd. increased its position in shares of BWX Technologies by 17.3% in the third quarter. Pinnacle Associates Ltd. now owns 119,139 shares of the technology company’s stock worth $12,950,000 after purchasing an additional 17,592 shares during the period. Institutional investors and hedge funds own 94.39% of the company’s stock.

BWX Technologies Trading Down 1.5 %

NYSE BWXT opened at $99.84 on Tuesday. BWX Technologies, Inc. has a 12 month low of $86.70 and a 12 month high of $136.31. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $9.13 billion, a PE ratio of 33.06, a price-to-earnings-growth ratio of 3.20 and a beta of 0.73. The business’s 50-day moving average price is $113.75 and its two-hundred day moving average price is $114.23.

BWX Technologies (NYSE:BWXT) last released its earnings results on Monday, February 24th. The technology company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.12. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. On average, analysts expect that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Tuesday, March 11th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.00%. This is an increase from BWX Technologies’s previous quarterly dividend of $0.24. BWX Technologies’s dividend payout ratio (DPR) is currently 31.79%.

Wall Street Analysts Forecast Growth

Several research firms have commented on BWXT. Deutsche Bank Aktiengesellschaft raised their target price on shares of BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Alembic Global Advisors raised shares of BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price objective on the stock in a research note on Tuesday, November 12th. StockNews.com cut BWX Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Truist Financial lifted their price target on BWX Technologies from $106.00 to $114.00 and gave the company a “hold” rating in a research note on Tuesday, January 14th. Finally, Barclays upped their price objective on BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a research report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $127.50.

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.