BWX Technologies, Inc. (NYSE:BWXT) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. trimmed its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 0.8% in the fourth quarter, Holdings Channel reports. The fund owned 2,227,564 shares of the technology company’s stock after selling 18,672 shares during the period. Franklin Resources Inc.’s holdings in BWX Technologies were worth $170,921,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC acquired a new stake in shares of BWX Technologies in the 3rd quarter valued at approximately $220,000. Fifth Third Bancorp lifted its holdings in shares of BWX Technologies by 30.4% in the 3rd quarter. Fifth Third Bancorp now owns 926 shares of the technology company’s stock valued at $69,000 after buying an additional 216 shares during the period. Duality Advisers LP acquired a new stake in shares of BWX Technologies in the 3rd quarter valued at approximately $504,000. Principal Financial Group Inc. lifted its holdings in shares of BWX Technologies by 15.7% in the 3rd quarter. Principal Financial Group Inc. now owns 398,051 shares of the technology company’s stock valued at $29,846,000 after buying an additional 53,978 shares during the period. Finally, California Public Employees Retirement System lifted its holdings in shares of BWX Technologies by 11.3% in the 3rd quarter. California Public Employees Retirement System now owns 374,235 shares of the technology company’s stock valued at $28,060,000 after buying an additional 38,110 shares during the period. 94.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on BWXT shares. Bank of America raised their price target on BWX Technologies from $82.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Truist Financial reaffirmed a “hold” rating and issued a $95.00 price objective (down from $110.00) on shares of BWX Technologies in a research note on Monday, March 25th. StockNews.com raised BWX Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, May 8th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on BWX Technologies from $111.00 to $110.00 and set a “buy” rating for the company in a research note on Tuesday, May 7th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.43.

BWX Technologies Stock Performance

NYSE BWXT opened at $88.71 on Thursday. BWX Technologies, Inc. has a fifty-two week low of $60.17 and a fifty-two week high of $107.18. The stock has a market cap of $8.11 billion, a price-to-earnings ratio of 32.03, a price-to-earnings-growth ratio of 3.12 and a beta of 0.75. The business has a fifty day moving average of $95.69 and a 200-day moving average of $87.31. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.29.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Monday, May 6th. The technology company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.09. BWX Technologies had a return on equity of 31.57% and a net margin of 10.00%. The company had revenue of $603.97 million during the quarter, compared to analysts’ expectations of $599.92 million. During the same period in the previous year, the firm posted $0.70 earnings per share. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, analysts predict that BWX Technologies, Inc. will post 3.17 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Friday, May 17th will be paid a $0.24 dividend. The ex-dividend date is Thursday, May 16th. This represents a $0.96 annualized dividend and a yield of 1.08%. BWX Technologies’s payout ratio is currently 34.66%.

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.