BWX Technologies, Inc. (NYSE:BWXT) Shares Bought by Jennison Associates LLC

Jennison Associates LLC lifted its position in BWX Technologies, Inc. (NYSE:BWXT) by 24.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 248,250 shares of the technology company’s stock after acquiring an additional 48,170 shares during the period. Jennison Associates LLC owned 0.27% of BWX Technologies worth $19,048,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Raymond James & Associates boosted its stake in shares of 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 during the last quarter. FMR LLC raised its position in BWX Technologies by 1.8% in the third 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 period. Citigroup Inc. raised its position in BWX Technologies by 11.3% in the third 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 period. EAM Investors LLC purchased a new stake in BWX Technologies in the third quarter valued at $1,621,000. Finally, Barometer Capital Management Inc. raised its position in BWX Technologies by 100.5% in the third quarter. Barometer Capital Management Inc. now owns 48,340 shares of the technology company’s stock valued at $3,625,000 after purchasing an additional 24,230 shares during the period. 94.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BWXT has been the topic of a number of research analyst reports. Truist Financial restated a “hold” rating and issued a $95.00 target price (down previously from $110.00) on shares of BWX Technologies in a research report on Monday, March 25th. StockNews.com downgraded BWX Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, March 12th. Finally, Bank of America lifted their price objective on BWX Technologies from $82.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $89.00.

BWX Technologies Trading Up 0.6 %

BWXT opened at $94.70 on Friday. BWX Technologies, Inc. has a 12 month low of $60.17 and a 12 month high of $107.18. The stock has a market capitalization of $8.66 billion, a price-to-earnings ratio of 35.20, a PEG ratio of 2.99 and a beta of 0.73. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.18 and a quick ratio of 2.18. The business has a fifty day moving average price of $97.58 and a 200 day moving average price of $85.12.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings data on Tuesday, February 27th. The technology company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.07. The business had revenue of $725.52 million during 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 business’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.93 EPS. Sell-side analysts expect that BWX Technologies, Inc. will post 3.14 earnings per share for the current fiscal year.

BWX Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Monday, March 11th were given a dividend of $0.24 per share. This is a boost from BWX Technologies’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend was Friday, March 8th. BWX Technologies’s dividend payout ratio is currently 35.69%.

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.