Demars Financial Group LLC Purchases 37,520 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Demars Financial Group LLC boosted its position in BWX Technologies, Inc. (NYSE:BWXT) by 526.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 44,643 shares of the technology company’s stock after acquiring an additional 37,520 shares during the period. BWX Technologies accounts for about 1.8% of Demars Financial Group LLC’s holdings, making the stock its 12th biggest position. Demars Financial Group LLC’s holdings in BWX Technologies were worth $3,425,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BWXT. Invesco Ltd. lifted its holdings in shares of BWX Technologies by 16.6% in the third quarter. Invesco Ltd. now owns 2,027,376 shares of the technology company’s stock valued at $152,013,000 after purchasing an additional 288,287 shares in the last quarter. Loomis Sayles & Co. L P bought a new position in shares of BWX Technologies in the third quarter valued at approximately $17,295,000. Premier Fund Managers Ltd bought a new position in shares of BWX Technologies in the third quarter valued at approximately $8,180,000. Jennison Associates LLC lifted its holdings in shares of BWX Technologies by 96.6% in the third quarter. Jennison Associates LLC now owns 200,080 shares of the technology company’s stock valued at $15,002,000 after purchasing an additional 98,335 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of BWX Technologies by 42.6% in the third quarter. Envestnet Asset Management Inc. now owns 280,437 shares of the technology company’s stock valued at $21,027,000 after purchasing an additional 83,747 shares in the last quarter. Institutional investors own 94.39% of the company’s stock.

BWX Technologies Trading Up 1.5 %

Shares of BWXT stock opened at $93.70 on Wednesday. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 1.29. The business has a 50-day moving average price of $97.24 and a two-hundred day moving average price of $84.92. BWX Technologies, Inc. has a 12-month low of $60.17 and a 12-month high of $107.18. The firm has a market cap of $8.57 billion, a P/E ratio of 34.84, a price-to-earnings-growth ratio of 2.94 and a beta of 0.73.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings results on Tuesday, February 27th. The technology company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.07. BWX Technologies had a return on equity of 32.38% and a net margin of 9.85%. The firm had revenue of $725.52 million during the quarter, compared to analyst estimates of $659.42 million. During the same quarter in the previous year, the company posted $0.93 earnings per share. The company’s revenue was up 16.2% compared to the same quarter last year. Equities analysts anticipate that BWX Technologies, Inc. will post 3.14 EPS for the current fiscal year.

BWX Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Monday, March 11th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date was Friday, March 8th. This is a positive change from BWX Technologies’s previous quarterly dividend of $0.23. BWX Technologies’s payout ratio is 35.69%.

Wall Street Analysts Forecast Growth

BWXT has been the topic of a number of recent analyst reports. Bank of America lifted their price target on BWX Technologies from $82.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Truist Financial reissued a “hold” rating and issued a $95.00 target price (down from $110.00) on shares of BWX Technologies in a research report on Monday, March 25th. Finally, StockNews.com downgraded BWX Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, March 12th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.00.

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.