BWX Technologies, Inc. (NYSE:BWXT) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P decreased its holdings in BWX Technologies, Inc. (NYSE:BWXT) by 0.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 340,926 shares of the technology company’s stock after selling 594 shares during the quarter. Loomis Sayles & Co. L P’s holdings in BWX Technologies were worth $37,058,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BWXT. Thrivent Financial for Lutherans boosted its holdings in BWX Technologies by 1,121.6% in the second quarter. Thrivent Financial for Lutherans now owns 578,068 shares of the technology company’s stock worth $54,916,000 after acquiring an additional 530,749 shares in the last quarter. Van ECK Associates Corp boosted its stake in BWX Technologies by 49.7% in the 3rd quarter. Van ECK Associates Corp now owns 960,269 shares of the technology company’s stock worth $104,381,000 after purchasing an additional 318,598 shares in the last quarter. Sapient Capital LLC purchased a new stake in BWX Technologies during the 2nd quarter worth approximately $29,408,000. American Century Companies Inc. increased its stake in BWX Technologies by 37.9% during the 2nd quarter. American Century Companies Inc. now owns 738,542 shares of the technology company’s stock valued at $70,161,000 after purchasing an additional 203,067 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of BWX Technologies by 12.7% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,707,832 shares of the technology company’s stock worth $162,244,000 after buying an additional 192,042 shares during the last quarter. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

BWX Technologies Trading Down 1.8 %

BWX Technologies stock opened at $130.51 on Tuesday. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. The firm has a market cap of $11.93 billion, a PE ratio of 43.22, a P/E/G ratio of 4.45 and a beta of 0.69. The stock’s 50 day simple moving average is $118.52 and its two-hundred day simple moving average is $103.43. BWX Technologies, Inc. has a 12 month low of $74.69 and a 12 month high of $136.31.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings results on Monday, November 4th. The technology company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.06. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The firm had revenue of $672.00 million for the quarter, compared to the consensus estimate of $658.84 million. During the same period in the prior year, the firm posted $0.67 earnings per share. The firm’s quarterly revenue was up 13.9% compared to the same quarter last year. Analysts anticipate that BWX Technologies, Inc. will post 3.23 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 given a dividend of $0.24 per share. The ex-dividend date is Tuesday, November 19th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.74%. BWX Technologies’s dividend payout ratio (DPR) is 31.79%.

Analysts Set New Price Targets

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

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.