M&T Bank Corp Has $6.71 Million Stock Holdings in BWX Technologies, Inc. (NYSE:BWXT)

M&T Bank Corp reduced its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 3.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 61,703 shares of the technology company’s stock after selling 2,463 shares during the period. M&T Bank Corp owned approximately 0.07% of BWX Technologies worth $6,708,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Geode Capital Management LLC raised its holdings in shares of BWX Technologies by 1.6% during the third quarter. Geode Capital Management LLC now owns 1,682,563 shares of the technology company’s stock worth $182,938,000 after acquiring an additional 26,130 shares during the period. AQR Capital Management LLC raised its stake in shares of BWX Technologies by 77.8% in the 2nd quarter. AQR Capital Management LLC now owns 132,263 shares of the technology company’s stock valued at $12,565,000 after purchasing an additional 57,879 shares during the period. Hilton Capital Management LLC bought a new stake in shares of BWX Technologies in the third quarter valued at about $2,237,000. Bullseye Asset Management LLC boosted its position in shares of BWX Technologies by 39.5% during the third quarter. Bullseye Asset Management LLC now owns 17,655 shares of the technology company’s stock worth $1,920,000 after buying an additional 5,000 shares during the period. Finally, Bridges Investment Management Inc. grew its holdings in shares of BWX Technologies by 76.3% during the second quarter. Bridges Investment Management Inc. now owns 359,147 shares of the technology company’s stock worth $34,119,000 after buying an additional 155,387 shares in the last quarter. Institutional investors own 94.39% of the company’s stock.

BWX Technologies Price Performance

Shares of NYSE BWXT opened at $113.28 on Monday. BWX Technologies, Inc. has a twelve month low of $74.69 and a twelve month high of $136.31. The company has a market cap of $10.36 billion, a PE ratio of 37.51, a price-to-earnings-growth ratio of 4.12 and a beta of 0.70. The business’s 50 day moving average price is $124.66 and its two-hundred day moving average price is $108.40. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15.

BWX Technologies (NYSE:BWXT) last posted its earnings results on Monday, November 4th. The technology company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.06. The company had revenue of $672.00 million during 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%. BWX Technologies’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.67 EPS. On average, analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 19th were paid a $0.24 dividend. The ex-dividend date was Tuesday, November 19th. This represents a $0.96 annualized dividend and a yield of 0.85%. BWX Technologies’s dividend payout ratio (DPR) is presently 31.79%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on BWXT shares. Alembic Global Advisors upgraded BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 target price on the stock in a research note on Tuesday, November 12th. Truist Financial increased their target price on shares of BWX Technologies from $95.00 to $106.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Bank of America lifted their price target on shares of BWX Technologies from $115.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft increased their price objective 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. Finally, Barclays raised their price objective on BWX Technologies from $90.00 to $105.00 and gave the company an “underweight” rating in a report on Monday, December 16th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, BWX Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.57.

BWX Technologies 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.