Iams Wealth Management LLC Raises Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Iams Wealth Management LLC grew its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 21.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,463 shares of the technology company’s stock after purchasing an additional 792 shares during the quarter. Iams Wealth Management LLC’s holdings in BWX Technologies were worth $497,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Hsbc Holdings PLC acquired a new stake in BWX Technologies in the second quarter valued at about $479,000. Marshall Wace LLP acquired a new stake in BWX Technologies in the second quarter valued at about $814,000. AQR Capital Management LLC lifted its position in BWX Technologies by 77.8% in the second quarter. AQR Capital Management LLC now owns 132,263 shares of the technology company’s stock valued at $12,565,000 after purchasing an additional 57,879 shares during the period. Millennium Management LLC lifted its position in BWX Technologies by 10.4% in the second quarter. Millennium Management LLC now owns 307,437 shares of the technology company’s stock valued at $29,207,000 after purchasing an additional 28,997 shares during the period. Finally, Creative Planning lifted its position in BWX Technologies by 44.1% in the second quarter. Creative Planning now owns 7,324 shares of the technology company’s stock valued at $696,000 after purchasing an additional 2,242 shares during the period. Institutional investors and hedge funds own 94.39% of the company’s stock.

Analyst Ratings Changes

BWXT has been the subject of a number of research reports. Truist Financial lifted their price target on shares of BWX Technologies from $106.00 to $114.00 and gave the company a “hold” rating in a research report on Tuesday, January 14th. Bank of America lifted their price target on shares of BWX Technologies from $115.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. StockNews.com cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Maxim Group lifted their target price 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, Deutsche Bank Aktiengesellschaft lifted their target price on shares of BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $127.50.

BWX Technologies Price Performance

BWXT opened at $112.51 on Wednesday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25. BWX Technologies, Inc. has a 1-year low of $81.40 and a 1-year high of $136.31. The company has a 50-day moving average of $120.62 and a 200-day moving average of $112.84. The company has a market capitalization of $10.29 billion, a P/E ratio of 37.42, 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 for the quarter, beating analysts’ consensus estimates of $0.77 by $0.06. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The business had revenue of $672.00 million during the quarter, compared to the consensus estimate of $658.84 million. During the same quarter in the prior year, the firm earned $0.67 EPS. The company’s revenue for the quarter was up 13.9% compared to the same quarter last year. Equities analysts expect that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend was Tuesday, November 19th. BWX Technologies’s dividend payout ratio is currently 31.79%.

BWX Technologies Company 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.