Thrivent Financial for Lutherans Grows Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Thrivent Financial for Lutherans lifted its stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 29.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 746,145 shares of the technology company's stock after acquiring an additional 168,077 shares during the period. Thrivent Financial for Lutherans owned 0.82% of BWX Technologies worth $81,105,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of BWX Technologies by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 8,735,898 shares of the technology company's stock worth $896,478,000 after acquiring an additional 58,680 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of BWX Technologies by 12.7% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,707,832 shares of the technology company's stock worth $162,244,000 after acquiring an additional 192,042 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of BWX Technologies by 6.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,343,076 shares of the technology company's stock worth $127,593,000 after acquiring an additional 77,237 shares in the last quarter. Van ECK Associates Corp boosted its holdings 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 buying an additional 318,598 shares during the last quarter. Finally, Fiera Capital Corp boosted its holdings in shares of BWX Technologies by 1.1% in the 2nd quarter. Fiera Capital Corp now owns 936,839 shares of the technology company's stock worth $89,000,000 after buying an additional 10,475 shares during the last quarter. Institutional investors and hedge funds own 94.39% of the company's stock.

Wall Street Analyst Weigh In

BWXT has been the topic of several research analyst reports. Barclays cut shares of BWX Technologies from an "equal weight" rating to an "underweight" rating and upped their price objective for the stock from $75.00 to $90.00 in a research report on Wednesday, July 24th. StockNews.com cut shares of BWX Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, November 6th. Bank of America increased 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. Deutsche Bank Aktiengesellschaft raised their target price on shares of BWX Technologies from $129.00 to $130.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. Finally, Alembic Global Advisors upgraded shares of BWX Technologies from a "neutral" rating to an "overweight" rating and set a $148.00 target price on the stock in a report on Tuesday, November 12th. One research 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's stock. Based on data from MarketBeat, BWX Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $122.43.

BWX Technologies Trading Down 0.1 %

BWXT stock traded down $0.07 on Monday, reaching $126.18. The company's stock had a trading volume of 856,132 shares, compared to its average volume of 642,799. The business has a fifty day simple moving average of $115.78 and a two-hundred day simple moving average of $102.34. BWX Technologies, Inc. has a 12-month low of $74.69 and a 12-month high of $136.31. The firm has a market cap of $11.54 billion, a PE ratio of 41.78, a PEG ratio of 4.61 and a beta of 0.69. 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 (NYSE:BWXT - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The technology company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.77 by $0.06. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The business had revenue of $672.00 million during the quarter, compared to analyst estimates of $658.84 million. During the same quarter last year, the firm posted $0.67 earnings per share. The company's revenue for the quarter was up 13.9% on a year-over-year basis. As a group, research analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 19th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Tuesday, November 19th. BWX Technologies's dividend payout ratio is currently 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.