BWX Technologies, Inc. (NYSE:BWXT) Position Reduced by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC decreased its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 6.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 664,740 shares of the technology company’s stock after selling 44,437 shares during the period. BWX Technologies accounts for about 1.3% of Anchor Capital Advisors LLC’s investment portfolio, making the stock its 26th largest holding. Anchor Capital Advisors LLC owned 0.73% of BWX Technologies worth $51,005,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Invesco Ltd. raised its stake in BWX Technologies by 16.6% during the 3rd quarter. Invesco Ltd. now owns 2,027,376 shares of the technology company’s stock valued at $152,013,000 after purchasing an additional 288,287 shares during the period. Loomis Sayles & Co. L P acquired a new position in shares of BWX Technologies in the third quarter worth $17,295,000. Premier Fund Managers Ltd acquired a new position in shares of BWX Technologies in the third quarter worth $8,180,000. Jennison Associates LLC increased its stake in shares of BWX Technologies by 96.6% in the third quarter. Jennison Associates LLC now owns 200,080 shares of the technology company’s stock worth $15,002,000 after acquiring an additional 98,335 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of BWX Technologies by 42.6% in the third quarter. Envestnet Asset Management Inc. now owns 280,437 shares of the technology company’s stock worth $21,027,000 after acquiring an additional 83,747 shares during the last quarter. Institutional investors own 94.39% of the company’s stock.

BWX Technologies Stock Performance

Shares of NYSE BWXT traded up $1.00 during mid-day trading on Monday, hitting $96.99. The company had a trading volume of 652,451 shares, compared to its average volume of 604,959. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.18 and a quick ratio of 2.18. The business’s 50-day simple moving average is $97.89 and its 200-day simple moving average is $85.43. BWX Technologies, Inc. has a 12 month low of $60.17 and a 12 month high of $107.18. The firm has a market cap of $8.87 billion, a P/E ratio of 35.68, a PEG ratio of 3.06 and a beta of 0.73.

BWX Technologies (NYSE:BWXT) last released its earnings results on Tuesday, February 27th. The technology company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.07. BWX Technologies had a net margin of 9.85% and a return on equity of 32.38%. The business had revenue of $725.52 million during the quarter, compared to analysts’ expectations of $659.42 million. During the same quarter last year, the company earned $0.93 earnings per share. The firm’s revenue was up 16.2% on a year-over-year basis. As a group, analysts predict that BWX Technologies, Inc. will post 3.14 earnings per share for the current fiscal year.

BWX Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Monday, March 11th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend was Friday, March 8th. This is a boost from BWX Technologies’s previous quarterly dividend of $0.23. BWX Technologies’s dividend payout ratio (DPR) is presently 35.69%.

Analysts Set New Price Targets

BWXT has been the topic of several analyst reports. Bank of America increased their target price on shares of BWX Technologies from $82.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Truist Financial reissued a “hold” rating and set a $95.00 target price (down from $110.00) on shares of BWX Technologies in a research report on Monday, March 25th. Finally, StockNews.com downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, March 12th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.00.

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.