BWX Technologies, Inc. (NYSE:BWXT) Stake Boosted by Retirement Systems of Alabama

Retirement Systems of Alabama lifted its stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 9.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 123,132 shares of the technology company's stock after buying an additional 10,310 shares during the quarter. Retirement Systems of Alabama owned about 0.13% of BWX Technologies worth $13,384,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. FMR LLC grew its stake in BWX Technologies by 22.3% during the 3rd quarter. FMR LLC now owns 1,754,567 shares of the technology company's stock worth $190,721,000 after buying an additional 320,217 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of BWX Technologies by 12.7% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,707,832 shares of the technology company's stock valued at $162,244,000 after purchasing an additional 192,042 shares during the period. Geode Capital Management LLC raised its stake in shares of BWX Technologies by 1.6% during the third quarter. Geode Capital Management LLC now owns 1,682,563 shares of the technology company's stock worth $182,938,000 after purchasing an additional 26,130 shares during the last quarter. Dimensional Fund Advisors LP raised its position in BWX Technologies by 6.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,343,076 shares of the technology company's stock worth $127,593,000 after buying an additional 77,237 shares during the last quarter. Finally, Van ECK Associates Corp lifted its position in BWX Technologies by 49.7% in the third quarter. Van ECK Associates Corp now owns 960,269 shares of the technology company's stock valued at $104,381,000 after purchasing an additional 318,598 shares during the period. Institutional investors and hedge funds own 94.39% of the company's stock.

Analysts Set New Price Targets

BWXT has been the topic of a number of research analyst reports. Barclays boosted their price objective on shares of BWX Technologies from $90.00 to $105.00 and gave the stock an "underweight" rating in a report on Monday. 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 note on Wednesday, November 6th. Bank of America raised their price objective on BWX Technologies from $115.00 to $160.00 and gave the company a "buy" rating in a research note on Thursday, November 14th. StockNews.com downgraded BWX Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, November 6th. Finally, Truist Financial lifted their price target 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 equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $124.57.

BWX Technologies Trading Up 0.8 %

BWXT traded up $0.95 on Monday, reaching $121.86. 664,288 shares of the company's stock were exchanged, compared to its average volume of 649,920. The company has a market cap of $11.14 billion, a price-to-earnings ratio of 40.35, a PEG ratio of 4.12 and a beta of 0.70. 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 twelve month low of $74.69 and a twelve month high of $136.31. The company's 50 day moving average is $124.86 and its 200-day moving average is $107.72.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The technology company reported $0.83 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $658.84 million. During the same quarter in the previous year, the firm posted $0.67 earnings per share. The firm's quarterly revenue was up 13.9% on a year-over-year basis. Equities analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 19th were paid a $0.24 dividend. 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 presently 31.79%.

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.