Geode Capital Management LLC Grows Stake in BWX Technologies, Inc. (NYSE:BWXT)

Geode Capital Management LLC lifted its position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 1.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,682,563 shares of the technology company's stock after buying an additional 26,130 shares during the period. Geode Capital Management LLC owned about 1.84% of BWX Technologies worth $182,938,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Stone House Investment Management LLC lifted its position in BWX Technologies by 76.2% during the third quarter. Stone House Investment Management LLC now owns 229 shares of the technology company's stock valued at $25,000 after purchasing an additional 99 shares during the period. Quent Capital LLC lifted its holdings in shares of BWX Technologies by 147.6% during the 3rd quarter. Quent Capital LLC now owns 255 shares of the technology company's stock valued at $28,000 after buying an additional 152 shares during the period. UMB Bank n.a. boosted 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 buying an additional 226 shares during the last quarter. Quarry LP grew its holdings in shares of BWX Technologies by 93.6% in the third quarter. Quarry LP now owns 271 shares of the technology company's stock worth $29,000 after acquiring an additional 131 shares during the period. Finally, V Square Quantitative Management LLC purchased a new stake in BWX Technologies during the third quarter valued at $31,000. Hedge funds and other institutional investors own 94.39% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BWXT. Bank of America upped their price target on shares of BWX Technologies from $115.00 to $160.00 and gave the company a "buy" rating in a research report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft increased their price target on shares of 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 downgraded shares of BWX Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, November 6th. Barclays raised their target price on BWX Technologies from $90.00 to $105.00 and gave the stock an "underweight" rating in a report on Monday. Finally, Alembic Global Advisors raised 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. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, BWX Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $124.57.

BWX Technologies Price Performance

Shares of BWX Technologies stock traded up $0.95 during trading hours on Monday, hitting $121.86. The company's stock had a trading volume of 689,312 shares, compared to its average volume of 649,920. The business has a 50 day moving average price of $124.75 and a two-hundred day moving average price of $107.49. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25. BWX Technologies, Inc. has a 12-month low of $74.69 and a 12-month high of $136.31. The company has a market cap of $11.14 billion, a PE ratio of 40.35, a PEG ratio of 4.12 and a beta of 0.70.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.77 by $0.06. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The company had revenue of $672.00 million for the quarter, compared to the consensus estimate of $658.84 million. During the same period in the previous year, the firm posted $0.67 EPS. BWX Technologies's revenue for the quarter was up 13.9% compared to the same quarter last year. Analysts expect that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

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