Franklin Resources Inc. Sells 44,222 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Franklin Resources Inc. lowered its stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 2.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,133,360 shares of the technology company's stock after selling 44,222 shares during the period. Franklin Resources Inc. owned approximately 2.33% of BWX Technologies worth $254,553,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Stone House Investment Management LLC raised its position in shares of BWX Technologies by 76.2% during the third quarter. Stone House Investment Management LLC now owns 229 shares of the technology company's stock worth $25,000 after purchasing an additional 99 shares during the period. Quent Capital LLC raised its position in shares of BWX Technologies by 147.6% during the third quarter. Quent Capital LLC now owns 255 shares of the technology company's stock worth $28,000 after purchasing an additional 152 shares during the period. UMB Bank n.a. raised its position in BWX Technologies by 729.0% in the 3rd quarter. UMB Bank n.a. now owns 257 shares of the technology company's stock valued at $28,000 after buying an additional 226 shares during the last quarter. Quarry LP raised its position in BWX Technologies by 93.6% in the 3rd quarter. Quarry LP now owns 271 shares of the technology company's stock valued at $29,000 after buying an additional 131 shares during the last quarter. Finally, V Square Quantitative Management LLC acquired a new stake in BWX Technologies in the 3rd quarter valued at approximately $31,000. Institutional investors own 94.39% of the company's stock.

BWX Technologies Stock Performance

Shares of BWXT traded down $1.74 during mid-day trading on Friday, hitting $120.91. The stock had a trading volume of 734,948 shares, compared to its average volume of 649,756. The firm has a market cap of $11.06 billion, a P/E ratio of 40.04, a PEG ratio of 4.12 and a beta of 0.70. The business has a fifty day moving average price of $124.75 and a 200-day moving average price of $107.49. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. BWX Technologies, Inc. has a 52 week low of $74.69 and a 52 week high of $136.31.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its quarterly 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. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The company had revenue of $672.00 million during the quarter, compared to analysts' expectations of $658.84 million. During the same period in the previous year, the business earned $0.67 earnings per share. The firm's quarterly revenue was up 13.9% compared to the same quarter last year. On average, equities research analysts expect that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 19th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.79%. BWX Technologies's dividend payout ratio (DPR) is 31.79%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on BWXT shares. Bank of America lifted their target price on BWX Technologies from $115.00 to $160.00 and gave the company a "buy" rating in a research report on Thursday, November 14th. Alembic Global Advisors raised BWX Technologies from a "neutral" rating to an "overweight" rating and set a $148.00 target price on the stock in a research report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft boosted their price target on BWX Technologies from $129.00 to $130.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. StockNews.com lowered BWX Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, November 6th. Finally, Truist Financial lifted their target price on BWX Technologies from $95.00 to $106.00 and gave the stock a "hold" rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, BWX Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $122.43.

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.