Commerce Bank Makes New $235,000 Investment in BWX Technologies, Inc. (NYSE:BWXT)

Commerce Bank bought a new position in BWX Technologies, Inc. (NYSE:BWXT) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,163 shares of the technology company’s stock, valued at approximately $235,000.

Several other hedge funds and other institutional investors have also bought and sold shares of BWXT. CIBC Asset Management Inc boosted its stake in shares of BWX Technologies by 3.4% during the third quarter. CIBC Asset Management Inc now owns 2,667 shares of the technology company’s stock valued at $290,000 after purchasing an additional 87 shares during the period. Blue Trust Inc. boosted its stake in shares of BWX Technologies by 37.2% during the second quarter. Blue Trust Inc. now owns 446 shares of the technology company’s stock valued at $46,000 after purchasing an additional 121 shares during the period. Valeo Financial Advisors LLC boosted its stake in shares of BWX Technologies by 4.3% during the third quarter. Valeo Financial Advisors LLC now owns 3,539 shares of the technology company’s stock valued at $385,000 after purchasing an additional 145 shares during the period. Commonwealth Equity Services LLC boosted its stake in shares of BWX Technologies by 2.9% during the second quarter. Commonwealth Equity Services LLC now owns 5,293 shares of the technology company’s stock valued at $503,000 after purchasing an additional 149 shares during the period. Finally, XTX Topco Ltd boosted its stake in shares of BWX Technologies by 7.1% during the second quarter. XTX Topco Ltd now owns 2,237 shares of the technology company’s stock valued at $213,000 after purchasing an additional 149 shares during the period. Hedge funds and other institutional investors own 94.39% of the company’s stock.

BWX Technologies Price Performance

BWXT opened at $130.55 on Thursday. The stock has a fifty day simple moving average of $119.86 and a two-hundred day simple moving average of $104.02. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. The company has a market cap of $11.94 billion, a price-to-earnings ratio of 43.82, a price-to-earnings-growth ratio of 4.37 and a beta of 0.69. BWX Technologies, Inc. has a 12-month low of $74.69 and a 12-month high of $136.31.

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

BWX Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th will be issued 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 dividend yield of 0.74%. BWX Technologies’s payout ratio is presently 31.79%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on BWXT shares. 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 research note on Wednesday, November 6th. Truist Financial upped their target price on BWX Technologies from $95.00 to $106.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Bank of America upped 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. StockNews.com downgraded BWX Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Finally, 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 report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $122.43.

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.