Covea Finance Reduces Stock Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Covea Finance lessened its holdings in shares of BWX Technologies, Inc. (NYSE:BWXTFree Report) by 3.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 130,300 shares of the technology company’s stock after selling 5,000 shares during the period. Covea Finance’s holdings in BWX Technologies were worth $14,514,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. CIBC Asset Management Inc boosted its stake in BWX Technologies by 3.4% in the 3rd quarter. CIBC Asset Management Inc now owns 2,667 shares of the technology company’s stock worth $290,000 after purchasing an additional 87 shares during the period. Stone House Investment Management LLC increased its position in shares of BWX Technologies by 76.2% during the third quarter. Stone House Investment Management LLC now owns 229 shares of the technology company’s stock valued at $25,000 after buying an additional 99 shares during the period. AdvisorNet Financial Inc lifted its holdings in shares of BWX Technologies by 15.4% in the fourth quarter. AdvisorNet Financial Inc now owns 779 shares of the technology company’s stock worth $87,000 after buying an additional 104 shares in the last quarter. Fulcrum Equity Management boosted its position in shares of BWX Technologies by 4.0% in the third quarter. Fulcrum Equity Management now owns 3,337 shares of the technology company’s stock valued at $363,000 after acquiring an additional 127 shares during the period. Finally, Quarry LP grew its stake in BWX Technologies by 93.6% during the third quarter. Quarry LP now owns 271 shares of the technology company’s stock valued at $29,000 after acquiring an additional 131 shares in the last quarter. Hedge funds and other institutional investors own 94.39% of the company’s stock.

Analysts Set New Price Targets

BWXT has been the topic of several recent analyst reports. 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 note on Wednesday, November 6th. Barclays increased 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. Maxim Group boosted their target price on BWX Technologies from $138.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. StockNews.com cut BWX Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Finally, Truist Financial boosted their price objective on BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $127.50.

Check Out Our Latest Stock Report on BWXT

BWX Technologies Price Performance

Shares of BWX Technologies stock opened at $116.96 on Wednesday. The firm has a market capitalization of $10.70 billion, a PE ratio of 38.73, a price-to-earnings-growth ratio of 4.12 and a beta of 0.73. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. BWX Technologies, Inc. has a 12 month low of $78.47 and a 12 month high of $136.31. The business’s 50-day moving average price is $121.44 and its 200-day moving average price is $110.99.

BWX Technologies (NYSE:BWXTGet Free Report) last issued its quarterly earnings results on Monday, November 4th. The technology company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.06. The business had revenue of $672.00 million for the quarter, compared to analysts’ expectations of $658.84 million. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The business’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period last year, the business earned $0.67 earnings per share. Sell-side analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 19th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.82%. The ex-dividend date was Tuesday, November 19th. BWX Technologies’s dividend payout ratio is presently 31.79%.

About BWX Technologies

(Free Report)

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.

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Institutional Ownership by Quarter for BWX Technologies (NYSE:BWXT)

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