Jennison Associates LLC Trims Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Jennison Associates LLC cut its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 15.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 315,517 shares of the technology company’s stock after selling 58,024 shares during the quarter. Jennison Associates LLC’s holdings in BWX Technologies were worth $35,145,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. HHM Wealth Advisors LLC grew its stake in BWX Technologies by 45.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company’s stock worth $32,000 after acquiring an additional 90 shares during the period. Copeland Capital Management LLC boosted its holdings in shares of BWX Technologies by 0.7% during the fourth quarter. Copeland Capital Management LLC now owns 716,946 shares of the technology company’s stock worth $79,861,000 after purchasing an additional 5,173 shares during the last quarter. Capital Investment Advisory Services LLC purchased a new stake in shares of BWX Technologies in the fourth quarter valued at $380,000. Strategic Planning Group LLC acquired a new position in BWX Technologies in the fourth quarter valued at $3,005,000. Finally, Iams Wealth Management LLC lifted its position in BWX Technologies by 21.6% during the fourth quarter. Iams Wealth Management LLC now owns 4,463 shares of the technology company’s stock worth $497,000 after buying an additional 792 shares during the period. Institutional investors and hedge funds own 94.39% of the company’s stock.

BWX Technologies Stock Down 0.8 %

Shares of BWX Technologies stock opened at $111.40 on Wednesday. The company has a fifty day moving average price of $118.72 and a 200 day moving average price of $113.21. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. BWX Technologies, Inc. has a twelve month low of $81.66 and a twelve month high of $136.31. The stock has a market cap of $10.19 billion, a price-to-earnings ratio of 36.89, a price-to-earnings-growth ratio of 3.45 and a beta of 0.73.

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, topping the consensus estimate of $0.77 by $0.06. The company had revenue of $672.00 million during the quarter, compared to the consensus estimate of $658.84 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The company’s revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.67 earnings per share. Equities research analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on BWXT shares. StockNews.com downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Barclays upped their price target on shares of BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a research report on Monday, December 16th. Maxim Group lifted their price target on shares of BWX Technologies from $138.00 to $140.00 and gave the company a “buy” rating in a report on Friday, January 10th. Deutsche Bank Aktiengesellschaft upped their price objective on 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 lifted their target price on BWX Technologies from $115.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $127.50.

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.