New York State Common Retirement Fund Sells 5,156 Shares of BWX Technologies, Inc. (NYSE:BWXT)

New York State Common Retirement Fund lessened its holdings in BWX Technologies, Inc. (NYSE:BWXT) by 0.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 614,236 shares of the technology company’s stock after selling 5,156 shares during the quarter. New York State Common Retirement Fund owned approximately 0.67% of BWX Technologies worth $47,130,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Fifth Third Bancorp grew its holdings in shares of BWX Technologies by 30.4% in the third quarter. Fifth Third Bancorp now owns 926 shares of the technology company’s stock worth $69,000 after purchasing an additional 216 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of BWX Technologies by 1.6% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 15,414 shares of the technology company’s stock worth $1,156,000 after acquiring an additional 250 shares during the period. Cadinha & Co. LLC raised its stake in shares of BWX Technologies by 0.3% during the fourth quarter. Cadinha & Co. LLC now owns 121,880 shares of the technology company’s stock valued at $9,352,000 after acquiring an additional 343 shares in the last quarter. Advisor Partners II LLC boosted its holdings in shares of BWX Technologies by 9.8% in the third quarter. Advisor Partners II LLC now owns 3,938 shares of the technology company’s stock valued at $295,000 after purchasing an additional 350 shares during the period. Finally, Arizona State Retirement System grew its stake in BWX Technologies by 1.4% in the third quarter. Arizona State Retirement System now owns 26,038 shares of the technology company’s stock worth $1,952,000 after purchasing an additional 355 shares in the last quarter. Hedge funds and other institutional investors own 94.39% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on BWXT. Bank of America lifted their target price on BWX Technologies from $82.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Truist Financial restated a “hold” rating and set a $95.00 price objective (down from $110.00) on shares of BWX Technologies in a research note on Monday, March 25th. Finally, StockNews.com cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, March 12th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, BWX Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $89.00.

BWX Technologies Trading Up 0.5 %

Shares of NYSE:BWXT opened at $94.15 on Thursday. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 1.29. BWX Technologies, Inc. has a 52-week low of $60.17 and a 52-week high of $107.18. The stock has a market cap of $8.61 billion, a price-to-earnings ratio of 35.00, a PEG ratio of 2.99 and a beta of 0.73. The business has a 50-day moving average price of $97.43 and a 200-day moving average price of $85.06.

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

BWX Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Monday, March 11th were given a dividend of $0.24 per share. This is an increase from BWX Technologies’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 1.02%. The ex-dividend date was Friday, March 8th. BWX Technologies’s dividend payout ratio (DPR) is currently 35.69%.

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.