Barclays PLC Grows Stake in BWX Technologies, Inc. (NYSE:BWXT)

Barclays PLC lifted its stake in BWX Technologies, Inc. (NYSE:BWXT) by 59.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,525 shares of the technology company’s stock after buying an additional 24,149 shares during the period. Barclays PLC owned approximately 0.07% of BWX Technologies worth $7,014,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of BWXT. Blue Trust Inc. boosted its holdings 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 purchasing an additional 121 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of BWX Technologies by 73.6% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,316 shares of the technology company’s stock worth $410,000 after buying an additional 1,830 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in shares of BWX Technologies by 49.6% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 7,384 shares of the technology company’s stock worth $701,000 after buying an additional 2,449 shares during the last quarter. Fifth Third Bancorp raised its stake in shares of BWX Technologies by 340.8% in the 2nd quarter. Fifth Third Bancorp now owns 2,909 shares of the technology company’s stock valued at $276,000 after purchasing an additional 2,249 shares in the last quarter. Finally, Ceredex Value Advisors LLC raised its stake in shares of BWX Technologies by 48.5% in the 2nd quarter. Ceredex Value Advisors LLC now owns 102,850 shares of the technology company’s stock valued at $9,771,000 after purchasing an additional 33,583 shares in the last quarter. Institutional investors and hedge funds own 94.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Bank of America boosted their price objective on BWX Technologies from $115.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft boosted their price target on BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Alembic Global Advisors raised shares of BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price objective for the company in a report on Tuesday, November 12th. Truist Financial boosted their target price on shares of BWX Technologies from $95.00 to $106.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Finally, Barclays raised their price target on shares of BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a research report on Monday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.57.

BWX Technologies Trading Down 3.7 %

Shares of NYSE:BWXT opened at $113.72 on Thursday. 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 company’s 50-day moving average price is $124.89 and its 200 day moving average price is $107.91. The company has a market cap of $10.40 billion, a PE ratio of 37.66, a P/E/G ratio of 4.12 and a beta of 0.70. BWX Technologies, Inc. has a fifty-two week low of $74.69 and a fifty-two week high of $136.31.

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 return on equity of 31.95% and a net margin of 10.32%. The company had revenue of $672.00 million for the quarter, compared to analysts’ expectations of $658.84 million. During the same quarter in the previous year, the company posted $0.67 earnings per share. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. Sell-side analysts anticipate that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th were paid a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $0.96 annualized dividend and a dividend yield of 0.84%. BWX Technologies’s payout ratio is 31.79%.

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.