BWX Technologies, Inc. (NYSE:BWXT) Shares Acquired by Barclays PLC

Barclays PLC lifted its position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 59.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 64,525 shares of the technology company's stock after acquiring an additional 24,149 shares during the quarter. Barclays PLC owned 0.07% of BWX Technologies worth $7,014,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in BWXT. Thrivent Financial for Lutherans boosted its stake in shares of BWX Technologies by 1,121.6% during the second quarter. Thrivent Financial for Lutherans now owns 578,068 shares of the technology company's stock valued at $54,916,000 after purchasing an additional 530,749 shares during the period. FMR LLC lifted its holdings in BWX Technologies by 22.3% during the 3rd quarter. FMR LLC now owns 1,754,567 shares of the technology company's stock valued at $190,721,000 after buying an additional 320,217 shares in the last quarter. Van ECK Associates Corp boosted its position in BWX Technologies by 49.7% in the 3rd quarter. Van ECK Associates Corp now owns 960,269 shares of the technology company's stock valued at $104,381,000 after buying an additional 318,598 shares during the period. American Century Companies Inc. grew its stake in BWX Technologies by 37.9% in the 2nd quarter. American Century Companies Inc. now owns 738,542 shares of the technology company's stock worth $70,161,000 after acquiring an additional 203,067 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its stake in BWX Technologies by 12.7% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,707,832 shares of the technology company's stock worth $162,244,000 after acquiring an additional 192,042 shares in the last quarter. 94.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BWXT. Alembic Global Advisors upgraded BWX Technologies from a "neutral" rating to an "overweight" rating and set a $148.00 price target for the company in a report on Tuesday, November 12th. Bank of America upped their target price on BWX Technologies from $115.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft raised their price target on BWX Technologies from $129.00 to $130.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. StockNews.com lowered shares of BWX Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday, November 6th. Finally, Truist Financial raised their target price on shares of BWX Technologies from $95.00 to $106.00 and gave the company a "hold" rating in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $124.57.

BWX Technologies Stock Down 0.7 %

Shares of BWXT stock traded down $0.76 during mid-day trading on Thursday, hitting $112.96. 1,190,174 shares of the stock traded hands, compared to its average volume of 655,001. BWX Technologies, Inc. has a 52-week low of $74.69 and a 52-week high of $136.31. The stock has a market cap of $10.33 billion, a P/E ratio of 37.40, a P/E/G ratio of 4.12 and a beta of 0.70. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. The stock's fifty day moving average is $124.89 and its two-hundred day moving average is $107.91.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its earnings results on Monday, November 4th. The technology company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.06. The company had revenue of $672.00 million during the quarter, compared to the consensus estimate of $658.84 million. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. BWX Technologies's revenue was up 13.9% compared to the same quarter last year. During the same period last year, the firm earned $0.67 earnings per share. Equities analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 19th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a 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%.

About BWX Technologies

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.