Public Employees Retirement System of Ohio Buys 858 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Public Employees Retirement System of Ohio raised its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 2.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,493 shares of the technology company’s stock after acquiring an additional 858 shares during the period. Public Employees Retirement System of Ohio’s holdings in BWX Technologies were worth $3,967,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Stone House Investment Management LLC increased its position in BWX Technologies by 76.2% during the third quarter. Stone House Investment Management LLC now owns 229 shares of the technology company’s stock worth $25,000 after acquiring an additional 99 shares during the period. Quent Capital LLC grew its position in shares of BWX Technologies by 147.6% during the 3rd quarter. Quent Capital LLC now owns 255 shares of the technology company’s stock worth $28,000 after purchasing an additional 152 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of BWX Technologies by 729.0% during the third quarter. UMB Bank n.a. now owns 257 shares of the technology company’s stock worth $28,000 after purchasing an additional 226 shares during the period. Quarry LP raised its position in shares of BWX Technologies by 93.6% in the third quarter. Quarry LP now owns 271 shares of the technology company’s stock valued at $29,000 after buying an additional 131 shares in the last quarter. Finally, V Square Quantitative Management LLC bought a new stake in shares of BWX Technologies in the third quarter valued at approximately $31,000. Institutional investors and hedge funds own 94.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Alembic Global Advisors upgraded BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price objective on the stock in a research note on Tuesday, November 12th. Truist Financial boosted their price target on BWX Technologies from $95.00 to $106.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Bank of America increased their price objective on shares of BWX Technologies from $115.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, StockNews.com downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. One 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’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $122.43.

BWX Technologies Price Performance

BWXT stock opened at $120.91 on Monday. BWX Technologies, Inc. has a 1 year low of $74.69 and a 1 year high of $136.31. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. The stock has a market cap of $11.06 billion, a price-to-earnings ratio of 40.04, a P/E/G ratio of 4.12 and a beta of 0.70. The company has a 50 day simple moving average of $124.75 and a 200 day simple moving average of $107.49.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings results on Monday, November 4th. The technology company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.06. The company had revenue of $672.00 million during the quarter, compared to analysts’ expectations of $658.84 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. BWX Technologies’s revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.67 EPS. Research analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend was Tuesday, November 19th. BWX Technologies’s dividend payout ratio (DPR) is currently 31.79%.

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.