State of New Jersey Common Pension Fund D Reduces Stock Position in BWX Technologies, Inc. (NYSE:BWXT)

State of New Jersey Common Pension Fund D decreased its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 0.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 34,207 shares of the technology company’s stock after selling 267 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in BWX Technologies were worth $3,718,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bessemer Group Inc. raised its position in shares of BWX Technologies by 11,107.7% during the 1st quarter. Bessemer Group Inc. now owns 834,973 shares of the technology company’s stock valued at $85,684,000 after buying an additional 827,523 shares during the period. Thrivent Financial for Lutherans raised its position in BWX Technologies by 1,121.6% in the second quarter. Thrivent Financial for Lutherans now owns 578,068 shares of the technology company’s stock valued at $54,916,000 after purchasing an additional 530,749 shares during the period. Van ECK Associates Corp lifted its stake in shares of BWX Technologies by 49.7% in the 3rd quarter. Van ECK Associates Corp now owns 960,269 shares of the technology company’s stock valued at $104,381,000 after purchasing an additional 318,598 shares during the last quarter. Sapient Capital LLC purchased a new position in shares of BWX Technologies during the 2nd quarter worth $29,408,000. Finally, American Century Companies Inc. increased its position in shares of BWX Technologies by 37.9% during the 2nd quarter. American Century Companies Inc. now owns 738,542 shares of the technology company’s stock worth $70,161,000 after purchasing an additional 203,067 shares during the last quarter. Institutional investors and hedge funds own 94.39% of the company’s stock.

BWX Technologies Stock Performance

NYSE:BWXT opened at $126.85 on Wednesday. BWX Technologies, Inc. has a 52 week low of $74.69 and a 52 week high of $128.00. The company has a fifty day simple moving average of $113.29 and a two-hundred day simple moving average of $101.43. The company has a quick ratio of 2.23, a current ratio of 2.25 and a debt-to-equity ratio of 1.15. The company has a market cap of $11.60 billion, a price-to-earnings ratio of 42.00, a price-to-earnings-growth ratio of 4.54 and a beta of 0.69.

BWX Technologies (NYSE:BWXT) last released its earnings results on Monday, November 4th. The technology company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.77 by $0.06. The firm had revenue of $672.00 million during the quarter, compared to analysts’ expectations of $658.84 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. BWX Technologies’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.67 EPS. As a group, equities analysts anticipate that BWX Technologies, Inc. will post 3.21 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 paid a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $0.96 dividend on an annualized basis and a yield of 0.76%. BWX Technologies’s dividend payout ratio is currently 31.79%.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Truist Financial upped their target price on shares of BWX Technologies from $95.00 to $106.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Alembic Global Advisors upgraded shares of BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 target price for the company in a report on Tuesday. StockNews.com lowered BWX Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Finally, Barclays lowered BWX Technologies from an “equal weight” rating to an “underweight” rating and raised their price target for the stock from $75.00 to $90.00 in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $116.00.

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.