BWX Technologies, Inc. (NYSE:BWXT) Stock Holdings Lowered by Franklin Resources Inc.

Franklin Resources Inc. cut its position in BWX Technologies, Inc. (NYSE:BWXT) by 2.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,133,360 shares of the technology company’s stock after selling 44,222 shares during the quarter. Franklin Resources Inc. owned about 2.33% of BWX Technologies worth $254,553,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Thrivent Financial for Lutherans boosted its position in shares of BWX Technologies by 1,121.6% during the second 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 during the period. FMR LLC boosted its position 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 acquiring an additional 320,217 shares during the period. Van ECK Associates Corp grew its stake in shares of BWX Technologies by 49.7% in the third 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 in the last quarter. American Century Companies Inc. grew its stake in shares of 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 purchasing an additional 203,067 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of BWX Technologies by 12.7% during 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 in the last quarter. 94.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BWXT has been the subject of a number of recent analyst reports. Truist Financial increased their target price 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. StockNews.com lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Bank of America upped their target price on BWX Technologies from $115.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Alembic Global Advisors upgraded BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price target on the stock in a research report on Tuesday, November 12th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.43.

BWX Technologies Stock Performance

Shares of NYSE BWXT opened at $120.91 on Friday. BWX Technologies, Inc. has a 52-week low of $74.69 and a 52-week high of $136.31. The stock has a market capitalization of $11.06 billion, a price-to-earnings ratio of 40.04, a PEG ratio of 4.12 and a beta of 0.70. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15. The stock’s fifty day simple moving average is $124.75 and its 200 day simple moving average is $107.36.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings data 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. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The firm had revenue of $672.00 million for the quarter, compared to the consensus estimate of $658.84 million. During the same quarter in the previous year, the company earned $0.67 EPS. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. As a group, sell-side analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 19th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date was Tuesday, November 19th. BWX Technologies’s dividend payout ratio is 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.