Teachers Retirement System of The State of Kentucky Lowers Position in BWX Technologies, Inc. (NYSE:BWXT)

Teachers Retirement System of The State of Kentucky decreased its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT) by 2.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,993 shares of the technology company’s stock after selling 800 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in BWX Technologies were worth $3,152,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Stone House Investment Management LLC grew its stake in BWX Technologies by 76.2% in the 3rd quarter. Stone House Investment Management LLC now owns 229 shares of the technology company’s stock worth $25,000 after buying an additional 99 shares in the last quarter. Quent Capital LLC lifted its holdings in shares of BWX Technologies by 147.6% during the 3rd quarter. Quent Capital LLC now owns 255 shares of the technology company’s stock worth $28,000 after acquiring an additional 152 shares during the last quarter. UMB Bank n.a. grew its position in BWX Technologies by 729.0% in the third quarter. UMB Bank n.a. now owns 257 shares of the technology company’s stock worth $28,000 after acquiring an additional 226 shares in the last quarter. Quarry LP grew its position in BWX Technologies by 93.6% in the third quarter. Quarry LP now owns 271 shares of the technology company’s stock worth $29,000 after acquiring an additional 131 shares in the last quarter. Finally, V Square Quantitative Management LLC bought a new position in BWX Technologies in the third quarter valued at $31,000. 94.39% of the stock is currently owned by institutional investors.

BWX Technologies Stock Down 1.4 %

Shares of BWX Technologies stock opened at $120.91 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25. BWX Technologies, Inc. has a 52-week low of $74.69 and a 52-week high of $136.31. The company’s 50 day moving average price is $124.75 and its 200-day moving average price is $107.36. The stock has a market capitalization of $11.06 billion, a price-to-earnings ratio of 40.04, a P/E/G ratio of 4.12 and a beta of 0.70.

BWX Technologies (NYSE:BWXT) last announced 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 for the quarter, compared to analyst estimates of $658.84 million. During the same quarter last year, the firm earned $0.67 EPS. The company’s revenue was up 13.9% on a year-over-year basis. Equities research analysts forecast 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. Shareholders of record on Tuesday, November 19th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend was Tuesday, November 19th. BWX Technologies’s payout ratio is 31.79%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Alembic Global Advisors upgraded BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price objective for the company in a report on Tuesday, November 12th. Truist Financial upped their target price on BWX Technologies from $95.00 to $106.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. StockNews.com downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft upped their price objective 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. Finally, Bank of America lifted 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus 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.