JPMorgan Chase & Co. Has $29.60 Million Stake in BWX Technologies, Inc. (NYSE:BWXT)

JPMorgan Chase & Co. lifted its stake in BWX Technologies, Inc. (NYSE:BWXT) by 1.1% in the third quarter, Holdings Channel.com reports. The firm owned 272,271 shares of the technology company’s stock after acquiring an additional 2,984 shares during the quarter. JPMorgan Chase & Co.’s holdings in BWX Technologies were worth $29,596,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC lifted its stake in BWX Technologies by 1.6% in the third quarter. Geode Capital Management LLC now owns 1,682,563 shares of the technology company’s stock valued at $182,938,000 after acquiring an additional 26,130 shares during the last quarter. Hilton Capital Management LLC bought a new position in shares of BWX Technologies during the 3rd quarter valued at $2,237,000. AQR Capital Management LLC raised its holdings in shares of BWX Technologies by 77.8% during the 2nd quarter. AQR Capital Management LLC now owns 132,263 shares of the technology company’s stock valued at $12,565,000 after purchasing an additional 57,879 shares in the last quarter. Bullseye Asset Management LLC lifted its stake in shares of BWX Technologies by 39.5% in the 3rd quarter. Bullseye Asset Management LLC now owns 17,655 shares of the technology company’s stock valued at $1,920,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Bridges Investment Management Inc. boosted its holdings in BWX Technologies by 76.3% in the second quarter. Bridges Investment Management Inc. now owns 359,147 shares of the technology company’s stock worth $34,119,000 after purchasing an additional 155,387 shares in the last quarter. 94.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BWXT has been the topic of a number of recent analyst reports. StockNews.com downgraded BWX Technologies from a “buy” rating to a “hold” rating in a research note 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 target on the stock in a research report on Tuesday, November 12th. Bank of America upped their price objective on shares of BWX Technologies from $115.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Barclays lifted their target price on shares of BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a report on Monday, December 16th. Finally, Truist Financial upped their price target on shares of BWX Technologies from $95.00 to $106.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $124.57.

BWX Technologies Stock Performance

Shares of BWX Technologies stock opened at $115.01 on Wednesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. The firm has a market cap of $10.52 billion, a P/E ratio of 38.08, a P/E/G ratio of 4.12 and a beta of 0.73. The firm has a 50 day simple moving average of $122.06 and a 200 day simple moving average of $110.27. 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 announced its quarterly earnings data on Monday, November 4th. The technology company reported $0.83 earnings per share (EPS) 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 firm had revenue of $672.00 million for the quarter, compared to analysts’ expectations of $658.84 million. During the same period last year, the firm earned $0.67 earnings per share. The business’s revenue for the quarter was up 13.9% on a year-over-year basis. Sell-side analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th were given a dividend of $0.24 per share. The ex-dividend date was Tuesday, November 19th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.83%. BWX Technologies’s dividend 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.