Narwhal Capital Management Buys 4,890 Shares of BWX Technologies, Inc. $BWXT

Narwhal Capital Management lifted its stake in BWX Technologies, Inc. (NYSE:BWXT) by 17.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 33,728 shares of the technology company’s stock after acquiring an additional 4,890 shares during the period. Narwhal Capital Management’s holdings in BWX Technologies were worth $4,621,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BWXT. BlackRock Inc. purchased a new position in shares of BWX Technologies during the second quarter worth about $2,359,895,000. First Trust Advisors LP lifted its holdings in shares of BWX Technologies by 12.2% in the 1st quarter. First Trust Advisors LP now owns 1,391,079 shares of the technology company’s stock valued at $284,462,000 after purchasing an additional 151,580 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of BWX Technologies by 8.4% in the 1st quarter. Bank of New York Mellon Corp now owns 1,283,997 shares of the technology company’s stock valued at $262,565,000 after purchasing an additional 99,053 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of BWX Technologies by 5.5% in the 1st quarter. Bank of America Corp DE now owns 1,005,621 shares of the technology company’s stock valued at $205,639,000 after purchasing an additional 52,413 shares during the last quarter. Finally, William Blair Investment Management LLC acquired a new stake in shares of BWX Technologies in the 2nd quarter valued at about $183,211,000. 94.39% of the stock is currently owned by institutional investors and hedge funds.

BWX Technologies Trading Down 1.1%

Shares of BWXT stock opened at $126.58 on Wednesday. The business’s 50 day moving average is $139.57 and its two-hundred day moving average is $181.82. BWX Technologies, Inc. has a twelve month low of $112.54 and a twelve month high of $241.82. The company has a market capitalization of $11.60 billion, a P/E ratio of 31.03, a price-to-earnings-growth ratio of 1.89 and a beta of 0.75. The company has a current ratio of 1.88, a quick ratio of 1.84 and a debt-to-equity ratio of 1.43.

BWX Technologies (NYSE:BWXT) last issued its earnings results on Monday, November 2nd. The technology company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.07. BWX Technologies had a net margin of 10.41% and a return on equity of 31.65%. The business had revenue of $952.97 million for the quarter, compared to the consensus estimate of $970.52 million. During the same quarter in the previous year, the firm earned $1.00 earnings per share. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. Equities analysts forecast that BWX Technologies, Inc. will post 4.76 EPS for the current year.

BWX Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Thursday, November 19th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Thursday, November 19th. BWX Technologies’s dividend payout ratio (DPR) is presently 26.47%.

Wall Street Analyst Weigh In

BWXT has been the topic of several research analyst reports. Northland Securities cut their price target on BWX Technologies from $250.00 to $220.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 30th. Weiss Ratings cut BWX Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 26th. Wall Street Zen downgraded BWX Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. BTIG Research reissued a “buy” rating and issued a $235.00 price objective on shares of BWX Technologies in a report on Wednesday, September 30th. Finally, Citigroup restated an “outperform” rating on shares of BWX Technologies in a research report on Wednesday, September 30th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $205.00.

BWX Technologies Company Profile

BWX Technologies, Inc. (NYSE: BWXT) is a supplier of nuclear components, fuel and services for government and commercial customers. Its work includes designing and manufacturing nuclear reactors and related equipment for the U.S. Navy’s nuclear-powered fleet, as well as providing engineering, maintenance and other services to government nuclear programs. Through its commercial operations, BWXT supplies components and services for nuclear power plants and supports activities such as nuclear facility decommissioning and waste management.