GAMMA Investing LLC Has $183,000 Stock Position in BWX Technologies, Inc. (NYSE:BWXT)

GAMMA Investing LLC increased its stake in BWX Technologies, Inc. (NYSE:BWXT) by 72.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,646 shares of the technology company’s stock after buying an additional 690 shares during the quarter. GAMMA Investing LLC’s holdings in BWX Technologies were worth $183,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in BWXT. Commonwealth Equity Services LLC raised its position in BWX Technologies by 2.9% during the second quarter. Commonwealth Equity Services LLC now owns 5,293 shares of the technology company’s stock worth $503,000 after acquiring an additional 149 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in BWX Technologies in the 2nd quarter valued at about $45,000. AGF Management Ltd. lifted its stake in BWX Technologies by 4.8% in the 2nd quarter. AGF Management Ltd. now owns 26,290 shares of the technology company’s stock valued at $2,498,000 after purchasing an additional 1,206 shares during the last quarter. AdvisorShares Investments LLC bought a new position in BWX Technologies during the second quarter worth about $467,000. Finally, Bahl & Gaynor Inc. increased its position in BWX Technologies by 25.2% during the second quarter. Bahl & Gaynor Inc. now owns 39,501 shares of the technology company’s stock worth $3,753,000 after buying an additional 7,955 shares during the last quarter. Institutional investors and hedge funds own 94.39% of the company’s stock.

BWX Technologies Price Performance

NYSE:BWXT opened at $114.26 on Thursday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25. The firm has a market cap of $10.45 billion, a price-to-earnings ratio of 37.83, a P/E/G ratio of 4.12 and a beta of 0.73. BWX Technologies, Inc. has a 52 week low of $75.50 and a 52 week high of $136.31. The firm’s 50-day simple moving average is $121.85 and its 200 day simple moving average is $110.30.

BWX Technologies (NYSE:BWXT) last announced its earnings results on Monday, November 4th. The technology company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.77 by $0.06. The company 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 revenue for the quarter was up 13.9% on a year-over-year basis. During the same period last year, the firm earned $0.67 earnings per share. As a group, sell-side analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th were given a dividend of $0.24 per share. The ex-dividend date was Tuesday, November 19th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.84%. BWX Technologies’s payout ratio is 31.79%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Alembic Global Advisors upgraded BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 target price for the company in a research note on Tuesday, November 12th. Bank of America upped 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. Truist Financial raised their target price on shares of BWX Technologies from $95.00 to $106.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft upped their price target on shares of BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, Barclays raised their price objective on shares of BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a research report on Monday, December 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $124.57.

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.