Jennison Associates LLC Has $40.60 Million Stock Position in BWX Technologies, Inc. (NYSE:BWXT)

Jennison Associates LLC cut its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 11.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 373,541 shares of the technology company’s stock after selling 48,847 shares during the period. Jennison Associates LLC’s holdings in BWX Technologies were worth $40,604,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Quent Capital LLC grew its position in shares of BWX Technologies by 147.6% in the 3rd 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 period. UMB Bank n.a. lifted its stake in BWX Technologies by 729.0% in the 3rd quarter. UMB Bank n.a. now owns 257 shares of the technology company’s stock valued at $28,000 after purchasing an additional 226 shares during the last quarter. V Square Quantitative Management LLC bought a new position in BWX Technologies during the third quarter worth about $31,000. GAMMA Investing LLC increased its position in BWX Technologies by 58.9% during the second quarter. GAMMA Investing LLC now owns 429 shares of the technology company’s stock worth $41,000 after buying an additional 159 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new stake in BWX Technologies in the second quarter valued at approximately $45,000. 94.39% of the stock is currently owned by institutional investors.

BWX Technologies Trading Up 2.8 %

Shares of BWXT stock opened at $133.42 on Friday. BWX Technologies, Inc. has a fifty-two week low of $74.69 and a fifty-two week high of $136.31. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25. The stock has a 50 day simple moving average of $117.14 and a two-hundred day simple moving average of $102.76. The company has a market cap of $12.20 billion, a P/E ratio of 44.18, a PEG ratio of 4.37 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 EPS for the quarter, beating 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 company had revenue of $672.00 million during the quarter, compared to the consensus estimate of $658.84 million. During the same period last year, the business posted $0.67 EPS. The firm’s revenue for the quarter was up 13.9% compared to the same quarter last year. Research analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Tuesday, November 19th. BWX Technologies’s dividend payout ratio (DPR) is presently 31.79%.

Analysts Set New Price Targets

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

BWX Technologies Company 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.