Chesapeake Capital Corp IL Invests $951,000 in BWX Technologies, Inc. (NYSE:BWXT)

Chesapeake Capital Corp IL purchased a new position in shares of BWX Technologies, Inc. (NYSE:BWXT) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,399 shares of the technology company’s stock, valued at approximately $951,000.

Several other large investors have also modified their holdings of BWXT. Invesco Ltd. raised its stake in shares of BWX Technologies by 16.6% during the third quarter. Invesco Ltd. now owns 2,027,376 shares of the technology company’s stock worth $152,013,000 after purchasing an additional 288,287 shares during the last quarter. Loomis Sayles & Co. L P acquired a new position in BWX Technologies during the third quarter worth $17,295,000. Premier Fund Managers Ltd acquired a new position in BWX Technologies during the third quarter worth $8,180,000. Envestnet Asset Management Inc. grew its holdings in BWX Technologies by 42.6% during the third quarter. Envestnet Asset Management Inc. now owns 280,437 shares of the technology company’s stock worth $21,027,000 after acquiring an additional 83,747 shares during the period. Finally, Atika Capital Management LLC grew its holdings in BWX Technologies by 57.0% during the third quarter. Atika Capital Management LLC now owns 179,000 shares of the technology company’s stock worth $13,421,000 after acquiring an additional 65,000 shares during the period. Hedge funds and other institutional investors own 94.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Truist Financial reaffirmed a “hold” rating and set a $95.00 price objective (down previously from $110.00) on shares of BWX Technologies in a report on Monday, March 25th. Bank of America upped their price objective on BWX Technologies from $82.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Deutsche Bank Aktiengesellschaft dropped their price objective on BWX Technologies from $111.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, May 7th. Finally, StockNews.com raised BWX Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, May 8th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $92.43.

BWX Technologies Price Performance

BWX Technologies stock traded up $1.33 during trading hours on Friday, hitting $89.01. The stock had a trading volume of 550,966 shares, compared to its average volume of 621,766. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.24 and a quick ratio of 2.24. The stock has a market capitalization of $8.14 billion, a price-to-earnings ratio of 32.13, a PEG ratio of 3.14 and a beta of 0.75. BWX Technologies, Inc. has a 1-year low of $60.17 and a 1-year high of $107.18. The stock’s fifty day moving average is $95.25 and its two-hundred day moving average is $87.48.

BWX Technologies (NYSE:BWXT) last posted its earnings results on Monday, May 6th. The technology company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.09. The company had revenue of $603.97 million for the quarter, compared to analyst estimates of $599.92 million. BWX Technologies had a return on equity of 31.57% and a net margin of 10.00%. BWX Technologies’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.70 earnings per share. As a group, analysts predict that BWX Technologies, Inc. will post 3.17 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Friday, May 17th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend is Thursday, May 16th. BWX Technologies’s payout ratio is currently 34.66%.

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.