Pitcairn Co. Decreases Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Pitcairn Co. lowered its stake in BWX Technologies, Inc. (NYSE:BWXT) by 13.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 3,782 shares of the technology company’s stock after selling 575 shares during the period. Pitcairn Co.’s holdings in BWX Technologies were worth $411,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in BWXT. Thrivent Financial for Lutherans raised its stake in shares of 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 acquiring an additional 530,749 shares during the period. Van ECK Associates Corp boosted its position in shares of BWX Technologies by 49.7% during the third quarter. Van ECK Associates Corp now owns 960,269 shares of the technology company’s stock valued at $104,381,000 after buying an additional 318,598 shares during the period. Sapient Capital LLC bought a new position in shares of BWX Technologies during the second quarter valued at approximately $29,408,000. American Century Companies Inc. grew its stake in shares of BWX Technologies by 37.9% during the second quarter. American Century Companies Inc. now owns 738,542 shares of the technology company’s stock valued at $70,161,000 after buying an additional 203,067 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of BWX Technologies by 12.7% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,707,832 shares of the technology company’s stock worth $162,244,000 after buying an additional 192,042 shares during the period. 94.39% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BWXT. Deutsche Bank Aktiengesellschaft boosted their target price on shares of BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a research note 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 on the stock in a research note on Tuesday, November 12th. Bank of America raised their target price on shares of BWX Technologies from $115.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. StockNews.com lowered BWX Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Finally, Truist Financial raised their price objective on BWX Technologies from $95.00 to $106.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. 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 company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $122.43.

BWX Technologies Stock Performance

BWXT opened at $132.35 on Wednesday. The company has a market cap of $12.10 billion, a P/E ratio of 43.82, a price-to-earnings-growth ratio of 4.45 and a beta of 0.69. 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 firm’s 50-day moving average price is $119.17 and its 200-day moving average price is $103.72. BWX Technologies, Inc. has a 52-week low of $74.69 and a 52-week high of $136.31.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings results on Monday, November 4th. The technology company reported $0.83 earnings per share (EPS) for the quarter, topping 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 business had revenue of $672.00 million during the quarter, compared to analysts’ expectations of $658.84 million. During the same quarter last year, the company posted $0.67 earnings per share. The business’s quarterly revenue was up 13.9% on a year-over-year basis. As a group, equities analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS 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. Shareholders of record on Tuesday, November 19th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $0.96 annualized dividend and a yield of 0.73%. BWX Technologies’s payout ratio is presently 31.79%.

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.