Raymond James Financial Services Advisors Inc. Raises Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Raymond James Financial Services Advisors Inc. lifted its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 38.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 21,293 shares of the technology company’s stock after purchasing an additional 5,879 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in BWX Technologies were worth $1,634,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Wellington Management Group LLP lifted its stake in shares of 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 buying an additional 217,425 shares during the period. BlackRock Inc. lifted its stake in shares of BWX Technologies by 4.2% during the first quarter. BlackRock Inc. now owns 5,346,253 shares of the technology company’s stock worth $337,028,000 after buying an additional 214,544 shares during the period. State Street Corp lifted its stake in shares of BWX Technologies by 40.2% during the second quarter. State Street Corp now owns 3,507,248 shares of the technology company’s stock worth $251,014,000 after buying an additional 1,006,326 shares during the period. Snyder Capital Management L P lifted its stake in shares of BWX Technologies by 2.5% during the first quarter. Snyder Capital Management L P now owns 2,820,007 shares of the technology company’s stock worth $177,773,000 after buying an additional 68,435 shares during the period. Finally, Capital Research Global Investors lifted its stake in shares of 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 buying an additional 211,329 shares during the period. 94.39% of the stock is currently owned by institutional investors and hedge funds.

BWX Technologies Stock Down 0.5 %

BWXT opened at $95.97 on Friday. BWX Technologies, Inc. has a fifty-two week low of $60.17 and a fifty-two 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. The company has a fifty day moving average of $95.93 and a two-hundred day moving average of $83.83. The stock has a market capitalization of $8.77 billion, a price-to-earnings ratio of 35.68, a PEG ratio of 3.18 and a beta of 0.73.

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

BWX Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Monday, March 11th were issued a $0.24 dividend. This is a boost from BWX Technologies’s previous quarterly dividend of $0.23. The ex-dividend date was Friday, March 8th. This represents a $0.96 dividend on an annualized basis and a yield of 1.00%. BWX Technologies’s payout ratio is presently 35.69%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Truist Financial reiterated a “hold” rating and set a $95.00 price objective (down from $110.00) on shares of BWX Technologies in a research note on Monday, March 25th. StockNews.com downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, March 12th. Finally, Bank of America boosted their target price on shares of BWX Technologies from $82.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $89.00.

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.