Harbor Capital Advisors Inc. Lowers Stock Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Harbor Capital Advisors Inc. cut its holdings in BWX Technologies, Inc. (NYSE:BWXT) by 2.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 124,055 shares of the technology company’s stock after selling 3,436 shares during the period. BWX Technologies accounts for about 0.6% of Harbor Capital Advisors Inc.’s holdings, making the stock its 27th biggest position. Harbor Capital Advisors Inc.’s holdings in BWX Technologies were worth $13,818,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Stone House Investment Management LLC lifted its position in BWX Technologies by 76.2% during the third quarter. Stone House Investment Management LLC now owns 229 shares of the technology company’s stock worth $25,000 after buying an additional 99 shares during the period. Quent Capital LLC lifted its holdings in shares of BWX Technologies by 147.6% during the 3rd quarter. Quent Capital LLC now owns 255 shares of the technology company’s stock worth $28,000 after acquiring an additional 152 shares during the period. UMB Bank n.a. boosted its position in shares of BWX Technologies by 729.0% in the third quarter. UMB Bank n.a. now owns 257 shares of the technology company’s stock worth $28,000 after acquiring an additional 226 shares during the last quarter. Quarry LP grew its holdings in BWX Technologies by 93.6% in the third quarter. Quarry LP now owns 271 shares of the technology company’s stock valued at $29,000 after purchasing an additional 131 shares during the period. Finally, V Square Quantitative Management LLC acquired a new position in BWX Technologies during the third quarter worth approximately $31,000. Institutional investors and hedge funds own 94.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on BWXT shares. Barclays lifted their price target on shares of BWX Technologies from $90.00 to $105.00 and gave the company an “underweight” rating in a report on Monday, December 16th. Bank of America upped their price target on BWX Technologies from $115.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Truist Financial lifted their price objective on BWX Technologies from $95.00 to $106.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft increased their target price 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. Finally, StockNews.com lowered shares of BWX Technologies from a “buy” rating to a “hold” 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 six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $124.57.

BWX Technologies Stock Down 0.3 %

Shares of BWX Technologies stock traded down $0.33 during trading hours on Friday, hitting $114.20. 162,621 shares of the company’s stock traded hands, compared to its average volume of 650,595. 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 twelve month low of $77.31 and a twelve month high of $136.31. The stock has a 50 day simple moving average of $121.70 and a 200-day simple moving average of $110.33. The company has a market cap of $10.44 billion, a PE ratio of 37.81, a PEG ratio of 4.12 and a beta of 0.73.

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

BWX Technologies Announces Dividend

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. This represents a $0.96 annualized dividend and a yield of 0.84%. The ex-dividend date was Tuesday, November 19th. BWX Technologies’s payout ratio is currently 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.