BWX Technologies, Inc. (NYSE:BWXT) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D reduced its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT) by 0.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 34,207 shares of the technology company’s stock after selling 267 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in BWX Technologies were worth $3,718,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Blue Trust Inc. boosted its holdings in BWX Technologies by 37.2% in the second quarter. Blue Trust Inc. now owns 446 shares of the technology company’s stock valued at $46,000 after purchasing an additional 121 shares in the last quarter. Valeo Financial Advisors LLC boosted its holdings in shares of BWX Technologies by 4.3% in the 3rd quarter. Valeo Financial Advisors LLC now owns 3,539 shares of the technology company’s stock valued at $385,000 after buying an additional 145 shares in the last quarter. Commonwealth Equity Services LLC grew its position in shares of BWX Technologies by 2.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 5,293 shares of the technology company’s stock valued at $503,000 after buying an additional 149 shares during the last quarter. XTX Topco Ltd raised its stake in BWX Technologies by 7.1% during the 2nd quarter. XTX Topco Ltd now owns 2,237 shares of the technology company’s stock worth $213,000 after acquiring an additional 149 shares in the last quarter. Finally, Quent Capital LLC lifted its position in BWX Technologies by 147.6% in the third quarter. Quent Capital LLC now owns 255 shares of the technology company’s stock valued at $28,000 after acquiring an additional 152 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 $126.85 on Wednesday. The business has a 50 day simple moving average of $113.29 and a 200-day simple moving average of $101.43. BWX Technologies, Inc. has a 12 month low of $74.69 and a 12 month high of $128.00. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.23. The stock has a market capitalization of $11.60 billion, a PE ratio of 42.00, a price-to-earnings-growth ratio of 4.54 and a beta of 0.69.

BWX Technologies (NYSE:BWXT) last issued its earnings results on Monday, November 4th. The technology company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.06. The business had revenue of $672.00 million for the quarter, compared to the consensus estimate of $658.84 million. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.67 earnings per share. Equities analysts predict that BWX Technologies, Inc. will post 3.21 earnings per share for the current year.

BWX Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend is Tuesday, November 19th. BWX Technologies’s dividend payout ratio (DPR) is 31.79%.

Analyst Ratings Changes

Several equities analysts have issued reports on BWXT shares. StockNews.com lowered BWX Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft lifted their price target on BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Truist Financial increased their price objective on BWX Technologies from $95.00 to $106.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Barclays lowered shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and raised their target price for the stock from $75.00 to $90.00 in a research report on Wednesday, July 24th. Finally, Alembic Global Advisors upgraded shares of BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price target for the company in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, BWX Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $116.00.

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.