State Street Corp Decreases Stock Position in BWX Technologies, Inc. (NYSE:BWXT)

State Street Corp reduced its stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 5.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,568,422 shares of the technology company's stock after selling 214,903 shares during the quarter. State Street Corp owned 3.90% of BWX Technologies worth $387,887,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Stone House Investment Management LLC boosted its stake in shares of BWX Technologies by 76.2% during the 3rd quarter. Stone House Investment Management LLC now owns 229 shares of the technology company's stock worth $25,000 after acquiring an additional 99 shares in the last quarter. Quent Capital LLC lifted its stake 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 purchasing an additional 152 shares in the last quarter. UMB Bank n.a. lifted its position in BWX Technologies by 729.0% during the third quarter. UMB Bank n.a. now owns 257 shares of the technology company's stock worth $28,000 after buying an additional 226 shares in the last quarter. Quarry LP boosted its position in shares of BWX Technologies by 93.6% during the 3rd quarter. Quarry LP now owns 271 shares of the technology company's stock valued at $29,000 after acquiring an additional 131 shares during the last quarter. Finally, V Square Quantitative Management LLC acquired a new stake in BWX Technologies during the third quarter worth about $31,000. 94.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

BWX Technologies Stock Performance

Shares of BWXT stock traded down $0.10 during mid-day trading on Tuesday, hitting $122.10. The stock had a trading volume of 719,745 shares, compared to its average volume of 649,076. BWX Technologies, Inc. has a fifty-two week low of $74.69 and a fifty-two week high of $136.31. 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 company's 50-day simple moving average is $124.17 and its 200-day simple moving average is $106.55. The firm has a market cap of $11.16 billion, a PE ratio of 40.46, a PEG ratio of 4.22 and a beta of 0.70.

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

BWX Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 19th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date 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.