Gryphon Financial Partners LLC Reduces Position in BWX Technologies, Inc. (NYSE:BWXT)

Gryphon Financial Partners LLC lessened its holdings in shares of BWX Technologies, Inc. (NYSE:BWXTFree Report) by 12.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,404 shares of the technology company’s stock after selling 654 shares during the period. Gryphon Financial Partners LLC’s holdings in BWX Technologies were worth $338,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Raymond James & Associates boosted its holdings in BWX Technologies by 4.2% in the 4th quarter. Raymond James & Associates now owns 368,827 shares of the technology company’s stock valued at $28,300,000 after purchasing an additional 14,973 shares during the last quarter. Jennison Associates LLC boosted its holdings in BWX Technologies by 24.1% in the 4th quarter. Jennison Associates LLC now owns 248,250 shares of the technology company’s stock valued at $19,048,000 after purchasing an additional 48,170 shares during the last quarter. California Public Employees Retirement System boosted its holdings in BWX Technologies by 3.4% in the 4th quarter. California Public Employees Retirement System now owns 387,038 shares of the technology company’s stock valued at $29,697,000 after purchasing an additional 12,803 shares during the last quarter. FMR LLC boosted its holdings in BWX Technologies by 1.8% in the 3rd quarter. FMR LLC now owns 1,884,236 shares of the technology company’s stock valued at $141,280,000 after purchasing an additional 32,664 shares during the last quarter. Finally, Citigroup Inc. boosted its holdings in BWX Technologies by 11.3% in the 3rd quarter. Citigroup Inc. now owns 67,250 shares of the technology company’s stock valued at $5,042,000 after purchasing an additional 6,853 shares during the last quarter. Hedge funds and other institutional investors own 94.39% of the company’s stock.

BWX Technologies Price Performance

BWX Technologies stock opened at $92.13 on Friday. The firm has a market cap of $8.42 billion, a PE ratio of 33.26, a price-to-earnings-growth ratio of 2.98 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 quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.29. The company’s 50 day moving average is $94.06 and its two-hundred day moving average is $87.92.

BWX Technologies (NYSE:BWXTGet Free Report) last released its earnings results on Monday, May 6th. The technology company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.09. The company had revenue of $603.97 million for the quarter, compared to analyst estimates of $599.92 million. BWX Technologies had a net margin of 10.00% and a return on equity of 31.57%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.70 EPS. On average, research analysts expect that BWX Technologies, Inc. will post 3.19 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Friday, May 17th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend is Thursday, May 16th. BWX Technologies’s dividend payout ratio is presently 34.66%.

Analyst Ratings Changes

Several brokerages have recently commented on BWXT. Truist Financial restated a “hold” rating and issued a $95.00 price objective (down from $110.00) on shares of BWX Technologies in a report on Monday, March 25th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of BWX Technologies from $111.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, May 7th. StockNews.com upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, May 8th. Finally, Bank of America upped their price objective on shares of BWX Technologies from $82.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $92.43.

View Our Latest Stock Analysis on BWX Technologies

About BWX Technologies

(Free Report)

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.

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

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