Retirement Systems of Alabama Buys 10,310 Shares of BWX Technologies, Inc. (NYSE:BWXT)

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

Other hedge funds and other institutional investors have also made changes to their positions in the company. Stone House Investment Management LLC boosted its position in shares of BWX Technologies by 76.2% in the 3rd quarter. Stone House Investment Management LLC now owns 229 shares of the technology company’s stock worth $25,000 after purchasing an additional 99 shares during the last quarter. Quent Capital LLC boosted its position in shares of 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 during the last quarter. UMB Bank n.a. boosted its position in shares of BWX Technologies by 729.0% in the 3rd quarter. UMB Bank n.a. now owns 257 shares of the technology company’s stock worth $28,000 after purchasing an additional 226 shares during the last quarter. Quarry LP boosted its position in shares of BWX Technologies by 93.6% in the 3rd quarter. Quarry LP now owns 271 shares of the technology company’s stock worth $29,000 after purchasing an additional 131 shares during the last quarter. Finally, V Square Quantitative Management LLC acquired a new stake in BWX Technologies during the 3rd quarter worth $31,000. 94.39% of the stock is currently owned by institutional investors.

BWX Technologies Trading Down 1.4 %

Shares of NYSE:BWXT opened at $120.91 on Monday. BWX Technologies, Inc. has a 12-month low of $74.69 and a 12-month high of $136.31. The stock has a market cap of $11.06 billion, a PE ratio of 40.04, a P/E/G ratio of 4.12 and a beta of 0.70. The business has a 50 day moving average of $124.75 and a 200-day moving average of $107.49. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Monday, November 4th. The technology company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.06. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The company had revenue of $672.00 million during the quarter, compared to the consensus estimate of $658.84 million. During the same period in the previous year, the business earned $0.67 earnings per share. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. As a group, equities research analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th were given 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 payout ratio is 31.79%.

Wall Street Analyst Weigh In

BWXT has been the topic of several research analyst reports. Truist Financial raised their price objective on BWX Technologies from $95.00 to $106.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lifted their target price on BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Alembic Global Advisors raised BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 target price on the stock in a research report on Tuesday, November 12th. StockNews.com downgraded BWX Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Finally, Bank of America lifted their target price on BWX Technologies from $115.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. One investment 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’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $122.43.

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.