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

New York State Teachers Retirement System lowered its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 1.4% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 14,500 shares of the technology company’s stock after selling 200 shares during the quarter. New York State Teachers Retirement System’s holdings in BWX Technologies were worth $1,576,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Blue Trust Inc. boosted its position in BWX Technologies by 37.2% in the second quarter. Blue Trust Inc. now owns 446 shares of the technology company’s stock valued at $46,000 after buying an additional 121 shares during the last quarter. Valeo Financial Advisors LLC boosted its holdings in shares of BWX Technologies by 4.3% in the 3rd quarter. Valeo Financial Advisors LLC now owns 3,539 shares of the technology company’s stock valued at $385,000 after acquiring an additional 145 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in shares of BWX Technologies by 2.9% in the second quarter. Commonwealth Equity Services LLC now owns 5,293 shares of the technology company’s stock worth $503,000 after acquiring an additional 149 shares during the period. XTX Topco Ltd raised its holdings in shares of BWX Technologies by 7.1% during the second quarter. XTX Topco Ltd now owns 2,237 shares of the technology company’s stock worth $213,000 after purchasing an additional 149 shares during the last quarter. Finally, Quent Capital LLC lifted its position in BWX Technologies by 147.6% during the third quarter. Quent Capital LLC now owns 255 shares of the technology company’s stock valued at $28,000 after purchasing an additional 152 shares during the period. Hedge funds and other institutional investors own 94.39% of the company’s stock.

BWX Technologies Stock Performance

BWXT opened at $124.57 on Friday. The company has a market cap of $11.39 billion, a price-to-earnings ratio of 41.25, a PEG ratio of 4.30 and a beta of 0.69. The firm’s fifty day simple moving average is $112.26 and its two-hundred day simple moving average is $100.89. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 1.21. BWX Technologies, Inc. has a 52-week low of $74.69 and a 52-week high of $128.00.

BWX Technologies (NYSE:BWXT) last issued 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 32.78%. The firm had revenue of $672.00 million for the quarter, compared to analyst estimates of $658.84 million. During the same period last year, the company posted $0.67 EPS. BWX Technologies’s quarterly revenue was up 13.9% compared to the same quarter last year. Equities analysts anticipate that BWX Technologies, Inc. will post 3.2 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 19th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend is Tuesday, November 19th. BWX Technologies’s payout ratio is 31.79%.

Wall Street Analyst Weigh In

BWXT has been the subject of a number of recent research reports. StockNews.com lowered BWX Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday. Truist Financial upped their price objective on BWX Technologies from $95.00 to $106.00 and gave the stock a “hold” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft lifted their target price on shares of BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Barclays downgraded shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and increased their price target for the stock from $75.00 to $90.00 in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $110.67.

BWX Technologies 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.