Aigen Investment Management LP Acquires New Position in BWX Technologies, Inc. (NYSE:BWXT)

Aigen Investment Management LP bought a new stake in BWX Technologies, Inc. (NYSE:BWXT) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,481 shares of the technology company’s stock, valued at approximately $270,000.

Several other institutional investors also recently made changes to their positions in BWXT. Venturi Wealth Management LLC grew its position in shares of BWX Technologies by 7.9% during the third quarter. Venturi Wealth Management LLC now owns 6,358 shares of the technology company’s stock worth $691,000 after acquiring an additional 466 shares during the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of BWX Technologies by 17.9% in the third quarter. Crossmark Global Holdings Inc. now owns 5,605 shares of the technology company’s stock valued at $609,000 after purchasing an additional 852 shares during the period. Demars Financial Group LLC raised its holdings in shares of BWX Technologies by 2.1% during the third quarter. Demars Financial Group LLC now owns 47,640 shares of the technology company’s stock valued at $5,178,000 after buying an additional 961 shares during the last quarter. Bridges Investment Management Inc. boosted its position in shares of BWX Technologies by 1.1% during the third quarter. Bridges Investment Management Inc. now owns 362,950 shares of the technology company’s stock worth $39,453,000 after buying an additional 3,803 shares during the period. Finally, Assetmark Inc. grew its holdings in BWX Technologies by 10.7% in the 3rd quarter. Assetmark Inc. now owns 32,086 shares of the technology company’s stock worth $3,488,000 after buying an additional 3,090 shares in the last quarter. 94.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Barclays lowered BWX Technologies from an “equal weight” rating to an “underweight” rating and boosted their price target for the stock from $75.00 to $90.00 in a research report on Wednesday, July 24th. Bank of America increased their target price on shares of BWX Technologies from $115.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft boosted their price target on shares of BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Truist Financial raised their price objective on shares of BWX Technologies from $95.00 to $106.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Finally, StockNews.com downgraded BWX Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.43.

BWX Technologies Stock Down 1.5 %

Shares of NYSE:BWXT opened at $126.26 on Friday. BWX Technologies, Inc. has a 52 week low of $74.69 and a 52 week 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. The company has a market cap of $11.54 billion, a PE ratio of 41.81, a price-to-earnings-growth ratio of 4.82 and a beta of 0.69. The firm has a 50 day simple moving average of $115.18 and a 200 day simple moving average of $102.03.

BWX Technologies (NYSE:BWXT) last issued its earnings results on Monday, November 4th. The technology company reported $0.83 EPS for the quarter, topping the consensus estimate 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 last year, the firm posted $0.67 earnings per share. BWX Technologies’s revenue was up 13.9% compared to the same quarter last year. As a group, research analysts expect that BWX Technologies, Inc. will post 3.21 earnings per share for the current year.

BWX Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors 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 0.76%. BWX Technologies’s dividend payout ratio is 31.79%.

About BWX Technologies

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.