BWX Technologies, Inc. (NYSE:BWXT) Shares Sold by BlackRock Inc.

BlackRock Inc. trimmed its position in BWX Technologies, Inc. (NYSE:BWXT – Get Rating) by 0.3% in the third quarter, Holdings Channel.com reports. The fund owned 4,835,928 shares of the technology company’s stock after selling 16,113 shares during the period. BlackRock Inc. owned approximately 0.05% of BWX Technologies worth $243,590,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in BWXT. Stephens Inc. AR boosted its holdings in shares of BWX Technologies by 1.3% during the third quarter. Stephens Inc. AR now owns 15,495 shares of the technology company’s stock valued at $780,000 after acquiring an additional 204 shares during the period. Truist Financial Corp increased its holdings in shares of BWX Technologies by 3.7% during the third quarter. Truist Financial Corp now owns 5,989 shares of the technology company’s stock valued at $302,000 after purchasing an additional 213 shares during the period. Prudential Financial Inc. lifted its holdings in BWX Technologies by 4.5% in the second quarter. Prudential Financial Inc. now owns 5,437 shares of the technology company’s stock worth $291,000 after purchasing an additional 234 shares during the period. Cubist Systematic Strategies LLC grew its position in BWX Technologies by 1.1% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 43,994 shares of the technology company’s stock valued at $2,216,000 after buying an additional 462 shares in the last quarter. Finally, Wetherby Asset Management Inc. increased its stake in BWX Technologies by 7.6% during the 1st quarter. Wetherby Asset Management Inc. now owns 6,751 shares of the technology company’s stock valued at $364,000 after buying an additional 475 shares during the period. 99.33% of the stock is owned by institutional investors and hedge funds.

BWX Technologies Trading Up 0.3 %

BWX Technologies stock opened at $61.40 on Tuesday. The company has a 50 day moving average price of $59.76 and a 200 day moving average price of $57.35. The company has a debt-to-equity ratio of 1.71, a quick ratio of 2.10 and a current ratio of 2.10. BWX Technologies, Inc. has a 52 week low of $45.78 and a 52 week high of $64.62. The firm has a market capitalization of $5.60 billion, a price-to-earnings ratio of 23.62, a P/E/G ratio of 4.45 and a beta of 0.79.

BWX Technologies (NYSE:BWXT – Get Rating) last posted its quarterly earnings results on Thursday, February 23rd. The technology company reported $0.93 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.02). BWX Technologies had a net margin of 10.67% and a return on equity of 40.65%. The business had revenue of $624.20 million for the quarter, compared to analyst estimates of $641.18 million. During the same period in the previous year, the firm posted $0.95 earnings per share. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. Research analysts forecast that BWX Technologies, Inc. will post 2.93 EPS for the current year.

BWX Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 28th. Shareholders of record on Friday, March 10th will be given a $0.23 dividend. This is an increase from BWX Technologies’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, March 9th. This represents a $0.92 dividend on an annualized basis and a yield of 1.50%. BWX Technologies’s dividend payout ratio is presently 35.38%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on BWXT. Credit Suisse Group boosted their target price on BWX Technologies from $65.00 to $67.00 and gave the stock an “outperform” rating in a report on Friday, February 24th. Maxim Group lifted their target price on BWX Technologies from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday, November 29th. Finally, Barclays upgraded shares of BWX Technologies from an “underweight” rating to an “equal weight” rating and set a $64.00 price objective for the company in a research report on Thursday, December 8th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, BWX Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.50.

BWX Technologies Profile

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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.