Healthcare of Ontario Pension Plan Trust Fund Reduces Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Healthcare of Ontario Pension Plan Trust Fund cut its stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 53.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,630 shares of the technology company's stock after selling 6,351 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund's holdings in BWX Technologies were worth $612,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Thrivent Financial for Lutherans grew its position in shares of BWX Technologies by 1,121.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 578,068 shares of the technology company's stock worth $54,916,000 after buying an additional 530,749 shares in the last quarter. FMR LLC raised its holdings in shares of BWX Technologies by 22.3% in the 3rd quarter. FMR LLC now owns 1,754,567 shares of the technology company's stock valued at $190,721,000 after purchasing an additional 320,217 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of BWX Technologies by 49.7% in the 3rd quarter. Van ECK Associates Corp now owns 960,269 shares of the technology company's stock worth $104,381,000 after purchasing an additional 318,598 shares during the period. Sapient Capital LLC bought a new position in shares of BWX Technologies during the second quarter valued at approximately $29,408,000. Finally, American Century Companies Inc. raised its stake in BWX Technologies by 37.9% in the second quarter. American Century Companies Inc. now owns 738,542 shares of the technology company's stock worth $70,161,000 after buying an additional 203,067 shares in the last quarter. 94.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on BWXT. Deutsche Bank Aktiengesellschaft boosted their target price on BWX Technologies from $129.00 to $130.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. Truist Financial increased their price objective 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. Alembic Global Advisors raised shares of 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. StockNews.com lowered BWX Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, November 6th. Finally, Bank of America lifted 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. 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 company currently has an average rating of "Moderate Buy" and a consensus price target of $122.43.

BWX Technologies Stock Performance

BWXT traded up $0.07 on Tuesday, reaching $129.20. The stock had a trading volume of 597,207 shares, compared to its average volume of 646,626. The company has a market cap of $11.81 billion, a P/E ratio of 42.89, a price-to-earnings-growth ratio of 4.38 and a beta of 0.70. The business's 50-day moving average price is $122.21 and its two-hundred day moving average price is $105.18. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. BWX Technologies, Inc. has a 12-month low of $74.69 and a 12-month high of $136.31.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.77 by $0.06. The firm 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%. The business's revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.67 EPS. Sell-side analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 19th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is 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.