BWX Technologies, Inc. (NYSE:BWXT) Stock Position Decreased by Wilbanks Smith & Thomas Asset Management LLC

Wilbanks Smith & Thomas Asset Management LLC decreased its position in BWX Technologies, Inc. (NYSE:BWXT) by 21.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,340 shares of the technology company’s stock after selling 900 shares during the quarter. Wilbanks Smith & Thomas Asset Management LLC’s holdings in BWX Technologies were worth $256,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Raymond James & Associates grew its position in BWX Technologies by 4.2% in the fourth quarter. Raymond James & Associates now owns 368,827 shares of the technology company’s stock worth $28,300,000 after acquiring an additional 14,973 shares in the last quarter. Jennison Associates LLC boosted its holdings in BWX Technologies by 24.1% in the fourth quarter. Jennison Associates LLC now owns 248,250 shares of the technology company’s stock worth $19,048,000 after purchasing an additional 48,170 shares in the last quarter. California Public Employees Retirement System increased its position in BWX Technologies by 3.4% during the fourth quarter. California Public Employees Retirement System now owns 387,038 shares of the technology company’s stock worth $29,697,000 after buying an additional 12,803 shares during the last quarter. FMR LLC lifted its position in shares of BWX Technologies by 1.8% in the third quarter. FMR LLC now owns 1,884,236 shares of the technology company’s stock worth $141,280,000 after buying an additional 32,664 shares during the last quarter. Finally, Citigroup Inc. boosted its stake in shares of BWX Technologies by 11.3% during the 3rd quarter. Citigroup Inc. now owns 67,250 shares of the technology company’s stock worth $5,042,000 after acquiring an additional 6,853 shares in the last quarter. Institutional investors and hedge funds own 94.39% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Truist Financial restated a “hold” rating and issued a $95.00 target price (down from $110.00) on shares of BWX Technologies in a report on Monday, March 25th. StockNews.com downgraded BWX Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, March 12th. Finally, 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. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.00.

BWX Technologies Stock Up 1.8 %

Shares of BWXT opened at $97.29 on Friday. The business’s fifty day moving average price is $98.64 and its two-hundred day moving average price is $85.98. The firm has a market capitalization of $8.89 billion, a price-to-earnings ratio of 36.17, a PEG ratio of 3.04 and a beta of 0.75. BWX Technologies, Inc. has a 52 week low of $60.17 and a 52 week high of $107.18. The company has a debt-to-equity ratio of 1.29, a quick ratio of 2.18 and a current ratio of 2.18.

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

BWX Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Monday, March 11th were issued a $0.24 dividend. This is a positive change from BWX Technologies’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend was Friday, March 8th. BWX Technologies’s dividend payout ratio is currently 35.69%.

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.