Oregon Public Employees Retirement Fund Sells 3,636 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Oregon Public Employees Retirement Fund cut its holdings in BWX Technologies, Inc. (NYSE:BWXT) by 16.1% in the second quarter, Holdings Channel.com reports. The fund owned 18,964 shares of the technology company’s stock after selling 3,636 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in BWX Technologies were worth $1,802,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Truist Financial Corp boosted its holdings in BWX Technologies by 10.0% in the fourth quarter. Truist Financial Corp now owns 5,440 shares of the technology company’s stock worth $417,000 after purchasing an additional 496 shares in the last quarter. Benjamin F. Edwards & Company Inc. bought a new stake in shares of BWX Technologies during the 4th quarter worth about $25,000. Charles Schwab Investment Management Inc. increased its holdings in shares of BWX Technologies by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,048,456 shares of the technology company’s stock valued at $80,448,000 after acquiring an additional 7,782 shares during the last quarter. Pecaut & CO. bought a new position in shares of BWX Technologies in the 4th quarter valued at approximately $829,000. Finally, BNP Paribas Financial Markets lifted its holdings in BWX Technologies by 104.4% in the 4th quarter. BNP Paribas Financial Markets now owns 71,801 shares of the technology company’s stock worth $5,509,000 after purchasing an additional 36,679 shares during the last quarter. 94.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BWXT has been the topic of several analyst reports. Barclays downgraded BWX Technologies from an “equal weight” rating to an “underweight” rating and increased their price target for the company from $75.00 to $90.00 in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of BWX Technologies from $112.00 to $113.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Janney Montgomery Scott initiated coverage on shares of BWX Technologies in a report on Thursday, June 27th. They set a “buy” rating and a $113.00 price target for the company. StockNews.com upgraded BWX Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Finally, CLSA started coverage on BWX Technologies in a research report on Monday, June 3rd. They set a “buy” rating for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, BWX Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $102.57.

BWX Technologies Stock Down 1.9 %

NYSE BWXT opened at $95.74 on Friday. BWX Technologies, Inc. has a twelve month low of $71.55 and a twelve month high of $107.18. The stock has a market cap of $8.75 billion, a PE ratio of 34.56, a PEG ratio of 3.74 and a beta of 0.68. The firm has a 50-day simple moving average of $98.65 and a 200 day simple moving average of $96.09. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.23 and a current ratio of 2.23.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings data on Monday, August 5th. The technology company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.06. The company had revenue of $681.50 million during the quarter, compared to the consensus estimate of $639.31 million. BWX Technologies had a return on equity of 31.93% and a net margin of 10.29%. The company’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the company earned $0.65 EPS. On average, research analysts forecast that BWX Technologies, Inc. will post 3.2 EPS for the current year.

BWX Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Friday, August 16th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend was Friday, August 16th. BWX Technologies’s dividend payout ratio (DPR) is presently 34.66%.

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.