Cooper Financial Group Makes New $737,000 Investment in BWX Technologies, Inc. (NYSE:BWXT)

Cooper Financial Group purchased a new stake in BWX Technologies, Inc. (NYSE:BWXT) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 6,620 shares of the technology company’s stock, valued at approximately $737,000.

A number of other institutional investors have also recently modified their holdings of BWXT. Stone House Investment Management LLC boosted its position in shares of BWX Technologies by 76.2% in the 3rd quarter. Stone House Investment Management LLC now owns 229 shares of the technology company’s stock worth $25,000 after buying an additional 99 shares in the last quarter. Quent Capital LLC raised its position in BWX Technologies by 147.6% during the third quarter. Quent Capital LLC now owns 255 shares of the technology company’s stock worth $28,000 after acquiring an additional 152 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of BWX Technologies by 729.0% in the third quarter. UMB Bank n.a. now owns 257 shares of the technology company’s stock valued at $28,000 after purchasing an additional 226 shares in the last quarter. Quarry LP grew its position in shares of BWX Technologies by 93.6% in the third quarter. Quarry LP now owns 271 shares of the technology company’s stock valued at $29,000 after purchasing an additional 131 shares during the last quarter. Finally, V Square Quantitative Management LLC purchased a new position in shares of BWX Technologies during the 3rd quarter worth approximately $31,000. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

BWX Technologies Stock Down 0.2 %

Shares of NYSE:BWXT opened at $114.44 on Tuesday. The stock has a 50-day simple moving average of $121.55 and a 200-day simple moving average of $110.69. The stock has a market capitalization of $10.46 billion, a P/E ratio of 37.89, a PEG ratio of 4.12 and a beta of 0.73. BWX Technologies, Inc. has a 1 year low of $78.47 and a 1 year high of $136.31. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings data on Monday, November 4th. The technology company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.06. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The company had revenue of $672.00 million during the quarter, compared to the consensus estimate of $658.84 million. During the same period in the previous year, the firm earned $0.67 earnings per share. BWX Technologies’s revenue for the quarter was up 13.9% on a year-over-year basis. Equities analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Bank of America increased their target price on BWX Technologies from $115.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Maxim Group increased their price objective on BWX Technologies from $138.00 to $140.00 and gave the company a “buy” rating in a research note on Friday. StockNews.com downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Truist Financial raised their price target 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. Finally, Barclays boosted their price objective on shares of BWX Technologies from $90.00 to $105.00 and gave the company 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 seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $126.50.

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.