Allspring Global Investments Holdings LLC Has $8.96 Million Stock Position in BWX Technologies, Inc. (NYSE:BWXT)

Allspring Global Investments Holdings LLC increased its holdings in shares of BWX Technologies, Inc. (NYSE:BWXTGet Rating) by 34.7% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 177,916 shares of the technology company’s stock after purchasing an additional 45,863 shares during the period. Allspring Global Investments Holdings LLC owned 0.20% of BWX Technologies worth $8,960,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Wellington Management Group LLP grew its holdings in BWX Technologies by 4.0% during the first quarter. Wellington Management Group LLP now owns 5,683,810 shares of the technology company’s stock worth $306,130,000 after purchasing an additional 217,425 shares during the period. State Street Corp grew its holdings in BWX Technologies by 11.9% during the first quarter. State Street Corp now owns 2,645,251 shares of the technology company’s stock worth $142,473,000 after purchasing an additional 281,441 shares during the period. Capital Research Global Investors grew its holdings in BWX Technologies by 8.7% during the first quarter. Capital Research Global Investors now owns 2,632,834 shares of the technology company’s stock worth $141,804,000 after purchasing an additional 211,329 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in BWX Technologies by 6.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 970,019 shares of the technology company’s stock worth $52,246,000 after purchasing an additional 55,596 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in BWX Technologies by 4.4% during the first quarter. Dimensional Fund Advisors LP now owns 896,750 shares of the technology company’s stock worth $48,304,000 after purchasing an additional 37,558 shares during the period. Institutional investors own 99.33% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on BWXT shares. StockNews.com cut BWX Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 11th. Maxim Group boosted their price objective on BWX Technologies from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday, November 29th. Credit Suisse Group started coverage on BWX Technologies in a report on Tuesday, October 11th. They set an “outperform” rating and a $65.00 price objective for the company. Finally, Barclays upgraded BWX Technologies from an “underweight” rating to an “equal weight” rating and set a $64.00 price objective for the company in a report on Thursday, December 8th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $66.00.

BWX Technologies Stock Down 1.9 %

NYSE BWXT opened at $57.51 on Friday. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 1.88. BWX Technologies, Inc. has a 1-year low of $42.58 and a 1-year high of $62.84. The company has a 50 day moving average of $59.05 and a 200-day moving average of $55.85. The company has a market cap of $5.25 billion, a price-to-earnings ratio of 16.96, a PEG ratio of 4.27 and a beta of 0.79.

BWX Technologies (NYSE:BWXTGet Rating) last released its quarterly earnings results on Monday, November 7th. The technology company reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.03). BWX Technologies had a net margin of 14.18% and a return on equity of 42.67%. The business had revenue of $523.70 million during the quarter, compared to analyst estimates of $527.22 million. On average, equities research analysts expect that BWX Technologies, Inc. will post 3.12 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 13th. Shareholders of record on Monday, November 21st were given a dividend of $0.22 per share. The ex-dividend date was Friday, November 18th. This represents a $0.88 annualized dividend and a yield of 1.53%. BWX Technologies’s dividend payout ratio is currently 25.96%.

BWX Technologies Company Profile

(Get Rating)

BWX Technologies, Inc manufactures and sells nuclear components in the United States, Canada, and internationally. It operates in three segments: Nuclear Operations Group, Nuclear Power Group, and Nuclear Services Group. The Nuclear Operations Group segment provides precision naval and critical nuclear components, reactors, nuclear fuel, and assemblies for the United States Department of Energy/National Nuclear Security Administration's Naval Nuclear Propulsion Program and other uses; missile launch tubes for United States Navy submarines; close-tolerance and equipment for nuclear applications; and converts Cold War-era government stockpiles of high-enriched uranium, as well as receives, stores, characterizes, dissolves, recovers, and purifies uranium-bearing materials; supplies research reactor fuel elements for colleges, universities, and national laboratories; and components for defense applications.

Further Reading

Institutional Ownership by Quarter for BWX Technologies (NYSE:BWXT)

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