Fmr LLC Has $190.72 Million Holdings in BWX Technologies, Inc. (NYSE:BWXT)

FMR LLC grew its stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 22.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,754,567 shares of the technology company's stock after purchasing an additional 320,217 shares during the quarter. FMR LLC owned approximately 1.92% of BWX Technologies worth $190,721,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in BWXT. Quent Capital LLC increased its holdings in BWX Technologies by 147.6% in the 3rd quarter. Quent Capital LLC now owns 255 shares of the technology company's stock worth $28,000 after buying an additional 152 shares during the period. UMB Bank n.a. increased its stake in shares of BWX Technologies by 729.0% in the 3rd quarter. UMB Bank n.a. now owns 257 shares of the technology company's stock worth $28,000 after acquiring an additional 226 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of BWX Technologies in the 3rd quarter worth $31,000. GAMMA Investing LLC increased its position in shares of BWX Technologies by 58.9% during the 2nd quarter. GAMMA Investing LLC now owns 429 shares of the technology company's stock worth $41,000 after purchasing an additional 159 shares during the last quarter. Finally, Blue Trust Inc. increased its position in shares of BWX Technologies by 37.2% during the 2nd quarter. Blue Trust Inc. now owns 446 shares of the technology company's stock worth $46,000 after purchasing an additional 121 shares during the last quarter. 94.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

BWX Technologies Stock Performance

Shares of NYSE BWXT traded down $0.40 during trading hours on Tuesday, hitting $128.73. 156,725 shares of the company's stock were exchanged, compared to its average volume of 644,714. The company's 50-day moving average price is $122.21 and its 200-day moving average price is $105.18. 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 has a market capitalization of $11.77 billion, a price-to-earnings ratio of 42.89, a PEG ratio of 4.38 and a beta of 0.70. BWX Technologies, Inc. has a 1-year low of $74.69 and a 1-year high of $136.31.

BWX Technologies (NYSE:BWXT - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The technology company reported $0.83 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.06. The business had revenue of $672.00 million for the quarter, compared to analyst estimates of $658.84 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. BWX Technologies's revenue for the quarter was up 13.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.67 EPS. On average, sell-side analysts expect that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th will be given a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.75%. BWX Technologies's payout ratio is 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.