Y Intercept Hong Kong Ltd Acquires 23,428 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Y Intercept Hong Kong Ltd boosted its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 708.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 26,737 shares of the technology company’s stock after buying an additional 23,428 shares during the period. Y Intercept Hong Kong Ltd’s holdings in BWX Technologies were worth $2,978,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Stone House Investment Management LLC lifted its holdings in shares of 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 purchasing an additional 99 shares in the last quarter. Quarry LP raised its position in BWX Technologies by 93.6% in the 3rd quarter. Quarry LP now owns 271 shares of the technology company’s stock valued at $29,000 after buying an additional 131 shares during the last quarter. Retirement Wealth Solutions LLC bought a new stake in BWX Technologies in the 4th quarter valued at approximately $30,000. HHM Wealth Advisors LLC boosted its position in BWX Technologies by 45.0% during the 4th quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company’s stock worth $32,000 after acquiring an additional 90 shares during the last quarter. Finally, Principal Securities Inc. grew its stake in shares of BWX Technologies by 40.4% during the 4th quarter. Principal Securities Inc. now owns 316 shares of the technology company’s stock worth $35,000 after acquiring an additional 91 shares in the last quarter. Institutional investors own 94.39% of the company’s stock.

BWX Technologies Stock Performance

BWXT opened at $99.84 on Tuesday. 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, Inc. has a 12-month low of $86.70 and a 12-month high of $136.31. The business has a 50 day moving average of $113.75 and a 200-day moving average of $114.23. The stock has a market cap of $9.13 billion, a price-to-earnings ratio of 33.06, a PEG ratio of 3.20 and a beta of 0.73.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings results on Monday, February 24th. The technology company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.12. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. On average, equities research analysts expect that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Tuesday, March 11th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.00%. This is a positive change from BWX Technologies’s previous quarterly dividend of $0.24. BWX Technologies’s dividend payout ratio is 31.79%.

Wall Street Analyst Weigh In

Several brokerages have commented on BWXT. Maxim Group boosted their price target on shares of BWX Technologies from $138.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. 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 report on Tuesday, November 12th. Truist Financial raised their price target on BWX Technologies from $106.00 to $114.00 and gave the company a “hold” rating in a research note on Tuesday, January 14th. StockNews.com cut BWX Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, BWX Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $127.50.

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.