Teachers Retirement System of The State of Kentucky Cuts Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Teachers Retirement System of The State of Kentucky trimmed its position in BWX Technologies, Inc. (NYSE:BWXT) by 2.7% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 28,993 shares of the technology company’s stock after selling 800 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in BWX Technologies were worth $3,152,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stone House Investment Management LLC grew its holdings in shares of BWX Technologies by 76.2% in the third quarter. Stone House Investment Management LLC now owns 229 shares of the technology company’s stock valued at $25,000 after acquiring an additional 99 shares in the last quarter. Quent Capital LLC lifted its holdings in BWX Technologies by 147.6% during the third quarter. Quent Capital LLC now owns 255 shares of the technology company’s stock worth $28,000 after acquiring an additional 152 shares during the period. UMB Bank n.a. boosted its position in BWX Technologies by 729.0% in the third quarter. UMB Bank n.a. now owns 257 shares of the technology company’s stock worth $28,000 after purchasing an additional 226 shares during the last quarter. Quarry LP grew its stake in BWX Technologies by 93.6% in the 3rd quarter. Quarry LP now owns 271 shares of the technology company’s stock valued at $29,000 after purchasing an additional 131 shares during the period. Finally, V Square Quantitative Management LLC purchased a new stake in shares of BWX Technologies during the 3rd quarter valued at $31,000. Hedge funds and other institutional investors own 94.39% of the company’s stock.

BWX Technologies Trading Down 1.4 %

NYSE:BWXT opened at $120.91 on Friday. BWX Technologies, Inc. has a 1 year low of $74.69 and a 1 year high of $136.31. The stock’s fifty day moving average price is $124.75 and its two-hundred day moving average price is $107.36. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. The company has a market cap of $11.06 billion, a P/E ratio of 40.04, a P/E/G ratio of 4.12 and a beta of 0.70.

BWX Technologies (NYSE:BWXT) last issued its earnings results on Monday, November 4th. The technology company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.77 by $0.06. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The business had revenue of $672.00 million during the quarter, compared to the consensus estimate of $658.84 million. During the same quarter last year, the company earned $0.67 EPS. The firm’s revenue was up 13.9% compared to the same quarter last year. As a group, analysts expect that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 19th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date was Tuesday, November 19th. BWX Technologies’s dividend payout ratio (DPR) is presently 31.79%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on BWXT shares. Truist Financial boosted their price target on shares of BWX Technologies from $95.00 to $106.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. StockNews.com lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Bank of America upped their price objective on BWX Technologies from $115.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, Alembic Global Advisors raised BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 target price for the company in a research report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $122.43.

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.