Covea Finance Sells 5,000 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Covea Finance trimmed its holdings in BWX Technologies, Inc. (NYSE:BWXT) by 3.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 130,300 shares of the technology company’s stock after selling 5,000 shares during the quarter. Covea Finance owned about 0.14% of BWX Technologies worth $14,514,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in BWXT. Stone House Investment Management LLC lifted its stake in BWX Technologies by 76.2% in the third quarter. Stone House Investment Management LLC now owns 229 shares of the technology company’s stock valued at $25,000 after buying an additional 99 shares during the period. Quent Capital LLC increased its stake in BWX Technologies by 147.6% in the third quarter. Quent Capital LLC now owns 255 shares of the technology company’s stock valued at $28,000 after purchasing an additional 152 shares in the last quarter. UMB Bank n.a. increased its position in BWX Technologies by 729.0% in the 3rd quarter. UMB Bank n.a. now owns 257 shares of the technology company’s stock valued at $28,000 after buying an additional 226 shares in the last quarter. Quarry LP raised its stake in BWX Technologies by 93.6% during the 3rd quarter. Quarry LP now owns 271 shares of the technology company’s stock worth $29,000 after buying an additional 131 shares during the period. Finally, V Square Quantitative Management LLC bought a new position in BWX Technologies in the third quarter worth approximately $31,000. Institutional investors and hedge funds own 94.39% of the company’s stock.

Analyst Upgrades and Downgrades

BWXT has been the subject of several recent research reports. Alembic Global Advisors upgraded BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price objective for the company in a report on Tuesday, November 12th. Truist Financial upped their price objective on shares of BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. StockNews.com lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Finally, Bank of America lifted their price target on BWX Technologies from $115.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $127.50.

BWX Technologies Trading Up 2.1 %

NYSE:BWXT opened at $116.96 on Wednesday. BWX Technologies, Inc. has a 52 week low of $78.47 and a 52 week high of $136.31. The firm has a 50-day moving average price of $121.44 and a two-hundred day moving average price of $110.99. 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 $10.70 billion, a price-to-earnings ratio of 38.73, a price-to-earnings-growth ratio of 4.12 and a beta of 0.73.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings results on Monday, November 4th. The technology company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.06. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The company had revenue of $672.00 million during the quarter, compared to the consensus estimate of $658.84 million. During the same period last year, the business posted $0.67 earnings per share. BWX Technologies’s revenue was up 13.9% on a year-over-year basis. On average, equities analysts expect that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 19th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date was Tuesday, November 19th. BWX Technologies’s dividend payout ratio (DPR) is currently 31.79%.

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.