BWX Technologies, Inc. (NYSE:BWXT) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its stake in BWX Technologies, Inc. (NYSE:BWXT) by 0.8% during the fourth quarter, Holdings Channel reports. The firm owned 614,236 shares of the technology company’s stock after selling 5,156 shares during the period. New York State Common Retirement Fund’s holdings in BWX Technologies were worth $47,130,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Raymond James & Associates lifted its holdings in shares of BWX Technologies by 4.2% during the 4th quarter. Raymond James & Associates now owns 368,827 shares of the technology company’s stock valued at $28,300,000 after acquiring an additional 14,973 shares in the last quarter. FMR LLC grew its stake in shares of BWX Technologies by 1.8% in the third quarter. FMR LLC now owns 1,884,236 shares of the technology company’s stock valued at $141,280,000 after buying an additional 32,664 shares in the last quarter. Citigroup Inc. raised its holdings in shares of BWX Technologies by 11.3% during the 3rd quarter. Citigroup Inc. now owns 67,250 shares of the technology company’s stock valued at $5,042,000 after buying an additional 6,853 shares during the period. EAM Investors LLC acquired a new position in BWX Technologies during the 3rd quarter worth approximately $1,621,000. Finally, Barometer Capital Management Inc. boosted its holdings in BWX Technologies by 100.5% in the 3rd quarter. Barometer Capital Management Inc. now owns 48,340 shares of the technology company’s stock worth $3,625,000 after acquiring an additional 24,230 shares during the period. 94.39% of the stock is owned by hedge funds and other institutional investors.

BWX Technologies Stock Performance

Shares of BWXT stock opened at $94.15 on Thursday. The stock has a market capitalization of $8.61 billion, a price-to-earnings ratio of 35.00, a PEG ratio of 2.99 and a beta of 0.73. BWX Technologies, Inc. has a one year low of $60.17 and a one year high of $107.18. The company’s 50-day simple moving average is $97.43 and its 200-day simple moving average is $85.06. The company has a debt-to-equity ratio of 1.29, a quick ratio of 2.18 and a current ratio of 2.18.

BWX Technologies (NYSE:BWXT) last released its earnings results on Tuesday, February 27th. The technology company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.07. BWX Technologies had a return on equity of 32.38% and a net margin of 9.85%. The company had revenue of $725.52 million for the quarter, compared to the consensus estimate of $659.42 million. During the same quarter last year, the business posted $0.93 EPS. BWX Technologies’s quarterly revenue was up 16.2% compared to the same quarter last year. Equities analysts anticipate that BWX Technologies, Inc. will post 3.14 earnings per share for the current fiscal year.

BWX Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Monday, March 11th were paid a dividend of $0.24 per share. This is a positive change from BWX Technologies’s previous quarterly dividend of $0.23. The ex-dividend date was Friday, March 8th. This represents a $0.96 annualized dividend and a yield of 1.02%. BWX Technologies’s payout ratio is presently 35.69%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. StockNews.com cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, March 12th. Bank of America upped their price objective on shares of BWX Technologies from $82.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Finally, Truist Financial reaffirmed a “hold” rating and set a $95.00 target price (down from $110.00) on shares of BWX Technologies in a research report on Monday, March 25th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $89.00.

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.