Vestcor Inc Has $178,000 Stake in BWX Technologies, Inc. (NYSE:BWXT)

Vestcor Inc reduced its holdings in BWX Technologies, Inc. (NYSE:BWXT) by 82.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,640 shares of the technology company’s stock after selling 7,809 shares during the period. Vestcor Inc’s holdings in BWX Technologies were worth $178,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Bullseye Asset Management LLC raised its holdings in BWX Technologies by 39.5% during the third quarter. Bullseye Asset Management LLC now owns 17,655 shares of the technology company’s stock worth $1,920,000 after acquiring an additional 5,000 shares in the last quarter. Adalta Capital Management LLC increased its position in shares of BWX Technologies by 91.7% during the 3rd quarter. Adalta Capital Management LLC now owns 4,918 shares of the technology company’s stock worth $535,000 after purchasing an additional 2,353 shares during the last quarter. Barclays PLC raised its stake in shares of BWX Technologies by 59.8% during the 3rd quarter. Barclays PLC now owns 64,525 shares of the technology company’s stock worth $7,014,000 after purchasing an additional 24,149 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of BWX Technologies by 2.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 36,493 shares of the technology company’s stock valued at $3,967,000 after buying an additional 858 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of BWX Technologies in the third quarter valued at $360,000. 94.39% of the stock is owned by institutional investors.

BWX Technologies Stock Performance

BWXT opened at $120.93 on Friday. 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 business has a fifty day simple moving average of $124.75 and a 200 day simple moving average of $107.22. BWX Technologies, Inc. has a 1 year low of $74.69 and a 1 year high of $136.31. The company has a market capitalization of $11.06 billion, a PE ratio of 40.04, a price-to-earnings-growth ratio of 4.12 and a beta of 0.70.

BWX Technologies (NYSE:BWXT) last announced its earnings results 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 company had revenue of $672.00 million during the quarter, compared to analysts’ expectations of $658.84 million. During the same quarter in the previous year, the business posted $0.67 earnings per share. BWX Technologies’s quarterly revenue was up 13.9% on a year-over-year basis. Research analysts expect that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th were given a $0.24 dividend. The ex-dividend date was Tuesday, November 19th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.79%. BWX Technologies’s payout ratio is 31.79%.

Analyst Upgrades and Downgrades

BWXT has been the topic of several analyst reports. Truist Financial upped their price target on shares of BWX Technologies from $95.00 to $106.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Bank of America raised their target price on shares of BWX Technologies from $115.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. StockNews.com lowered BWX Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft lifted their target price on BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, Alembic Global Advisors upgraded BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price target on the stock in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $122.43.

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.