CIBC Asset Management Inc Boosts Position in BWX Technologies, Inc. (NYSE:BWXT)

CIBC Asset Management Inc grew its holdings in BWX Technologies, Inc. (NYSE:BWXT) by 3.4% during the 3rd quarter, Holdings Channel reports. The fund owned 2,667 shares of the technology company’s stock after purchasing an additional 87 shares during the period. CIBC Asset Management Inc’s holdings in BWX Technologies were worth $290,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of BWXT. Curi RMB Capital LLC increased its holdings in BWX Technologies by 1.1% in the 3rd quarter. Curi RMB Capital LLC now owns 58,438 shares of the technology company’s stock worth $6,352,000 after acquiring an additional 654 shares in the last quarter. KBC Group NV grew its position in shares of BWX Technologies by 10.9% in the third quarter. KBC Group NV now owns 2,526 shares of the technology company’s stock valued at $275,000 after purchasing an additional 249 shares during the period. Aigen Investment Management LP purchased a new stake in shares of BWX Technologies during the third quarter worth about $270,000. Venturi Wealth Management LLC boosted its holdings in BWX Technologies by 7.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 6,358 shares of the technology company’s stock worth $691,000 after buying an additional 466 shares during the last quarter. Finally, Crossmark Global Holdings Inc. boosted its holdings in BWX Technologies by 17.9% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 5,605 shares of the technology company’s stock worth $609,000 after buying an additional 852 shares during the last quarter. Hedge funds and other institutional investors own 94.39% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on BWXT. Deutsche Bank Aktiengesellschaft raised their target price on BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a research 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 target price on the stock in a research note on Tuesday, November 12th. StockNews.com cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Truist Financial boosted their price target on shares of BWX Technologies from $95.00 to $106.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Finally, Bank of America increased their price objective on shares of BWX Technologies from $115.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $122.43.

BWX Technologies Trading Down 0.3 %

Shares of BWXT opened at $132.89 on Friday. BWX Technologies, Inc. has a 12-month low of $74.69 and a 12-month high of $136.31. The firm has a market capitalization of $12.15 billion, a P/E ratio of 44.00, a P/E/G ratio of 4.37 and a beta of 0.69. The firm has a 50-day moving average price of $117.84 and a 200 day moving average price of $102.97. 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 (NYSE:BWXT) last posted its 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. The company had revenue of $672.00 million for the quarter, compared to analyst estimates of $658.84 million. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. BWX Technologies’s revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.67 EPS. Sell-side analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 19th will be paid 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 0.72%. BWX Technologies’s dividend payout ratio (DPR) is 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.