UMB Bank n.a. Raises Stock Holdings in BWX Technologies, Inc. (NYSE:BWXT)

UMB Bank n.a. boosted its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 97.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 507 shares of the technology company’s stock after buying an additional 250 shares during the quarter. UMB Bank n.a.’s holdings in BWX Technologies were worth $56,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in BWXT. Hsbc Holdings PLC bought a new position in shares of BWX Technologies during the second quarter valued at about $479,000. XTX Topco Ltd grew its stake in shares of BWX Technologies by 7.1% in the second quarter. XTX Topco Ltd now owns 2,237 shares of the technology company’s stock worth $213,000 after purchasing an additional 149 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in BWX Technologies during the 2nd quarter valued at about $636,000. Pacer Advisors Inc. raised its position in BWX Technologies by 5.4% during the 2nd quarter. Pacer Advisors Inc. now owns 18,276 shares of the technology company’s stock valued at $1,736,000 after purchasing an additional 934 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in BWX Technologies by 8.7% in the 2nd quarter. Sei Investments Co. now owns 137,499 shares of the technology company’s stock worth $13,067,000 after buying an additional 10,977 shares during the period. Hedge funds and other institutional investors own 94.39% of the company’s stock.

BWX Technologies Price Performance

BWXT stock opened at $127.64 on Friday. 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 50 day moving average price of $121.28 and a 200-day moving average price of $112.40. BWX Technologies, Inc. has a 52-week low of $80.48 and a 52-week high of $136.31. The firm has a market capitalization of $11.67 billion, a price-to-earnings ratio of 42.26, a PEG ratio of 3.92 and a beta of 0.73.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings data on Monday, November 4th. The technology company reported $0.83 earnings per share (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 business had revenue of $672.00 million during the quarter, compared to analysts’ expectations of $658.84 million. During the same quarter in the previous year, the business earned $0.67 earnings per share. The firm’s quarterly revenue was up 13.9% compared to the same quarter last year. Equities research analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The company 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. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $0.96 dividend on an annualized basis and a yield of 0.75%. BWX Technologies’s dividend payout ratio is currently 31.79%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BWXT. StockNews.com downgraded BWX Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Alembic Global Advisors upgraded shares of 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. Bank of America lifted their target price on shares of BWX Technologies from $115.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Maxim Group increased their price target on shares of BWX Technologies from $138.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Finally, Barclays lifted their price objective on BWX Technologies from $90.00 to $105.00 and gave the company an “underweight” rating in a research report on Monday, December 16th. One equities research 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, BWX Technologies currently has an average rating of “Moderate Buy” and an average price target of $127.50.

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.