Russell Investments Group Ltd. Buys 13,078 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Posted by on May 11th, 2023

Russell Investments Group Ltd. grew its stake in BWX Technologies, Inc. (NYSE:BWXT – Get Rating) by 4.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 280,560 shares of the technology company’s stock after acquiring an additional 13,078 shares during the quarter. Russell Investments Group Ltd. owned 0.31% of BWX Technologies worth $16,295,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of BWXT. Synovus Financial Corp grew its stake in BWX Technologies by 2.4% in the fourth quarter. Synovus Financial Corp now owns 7,969 shares of the technology company’s stock valued at $463,000 after acquiring an additional 183 shares during the period. Stephens Inc. AR lifted its stake in BWX Technologies by 1.3% in the third quarter. Stephens Inc. AR now owns 15,495 shares of the technology company’s stock valued at $780,000 after buying an additional 204 shares in the last quarter. Truist Financial Corp lifted its stake in BWX Technologies by 3.7% in the third quarter. Truist Financial Corp now owns 5,989 shares of the technology company’s stock valued at $302,000 after buying an additional 213 shares in the last quarter. Seelaus Asset Management LLC lifted its stake in BWX Technologies by 1.2% in the fourth quarter. Seelaus Asset Management LLC now owns 19,250 shares of the technology company’s stock valued at $1,118,000 after buying an additional 225 shares in the last quarter. Finally, Prudential Financial Inc. lifted its stake in BWX Technologies by 4.5% in the second quarter. Prudential Financial Inc. now owns 5,437 shares of the technology company’s stock valued at $291,000 after buying an additional 234 shares in the last quarter. 99.33% of the stock is currently owned by institutional investors and hedge funds.

BWX Technologies Price Performance

Shares of NYSE BWXT opened at $66.99 on Thursday. The firm has a market cap of $6.13 billion, a P/E ratio of 25.77, a price-to-earnings-growth ratio of 4.43 and a beta of 0.81. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 1.71. BWX Technologies, Inc. has a 1-year low of $46.08 and a 1-year high of $67.50. The business’s 50 day moving average is $63.17 and its 200-day moving average is $60.47.

BWX Technologies (NYSE:BWXT – Get Rating) last released its quarterly earnings results on Monday, May 8th. The technology company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.65 by $0.05. BWX Technologies had a net margin of 10.67% and a return on equity of 40.65%. The business had revenue of $568.40 million for the quarter, compared to the consensus estimate of $561.41 million. During the same period in the prior year, the company posted $0.69 earnings per share. BWX Technologies’s revenue was up 7.0% compared to the same quarter last year. Equities research analysts predict that BWX Technologies, Inc. will post 2.93 earnings per share for the current year.

BWX Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 8th. Investors of record on Friday, May 19th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Thursday, May 18th. BWX Technologies’s dividend payout ratio (DPR) is currently 35.38%.

Analyst Ratings Changes

A number of research analysts have weighed in on BWXT shares. StockNews.com initiated coverage on shares of BWX Technologies in a research note on Thursday, March 16th. They issued a “hold” rating on the stock. Credit Suisse Group lifted their price target on BWX Technologies from $65.00 to $67.00 and gave the company an “outperform” rating in a research note on Friday, February 24th.

About BWX Technologies

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BWX Technologies, Inc engages in the supply and provision of nuclear components and products. It operates through the Government Operations and Commercial Operations segments. The Government Operations segment manufactures naval nuclear reactors, including the related nuclear fuel, for the U.S. Naval Nuclear Propulsion Program for use in submarines and aircraft carriers.

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Institutional Ownership by Quarter for BWX Technologies (NYSE:BWXT)

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