American International Group Inc. Has $9.49 Million Position in BWX Technologies, Inc. (NYSE:BWXT)

American International Group Inc. reduced its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 123,684 shares of the technology company’s stock after selling 5,320 shares during the period. American International Group Inc. owned about 0.14% of BWX Technologies worth $9,490,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Raymond James & Associates boosted its position in shares of BWX Technologies by 4.2% during the fourth quarter. Raymond James & Associates now owns 368,827 shares of the technology company’s stock worth $28,300,000 after buying an additional 14,973 shares during the period. Jennison Associates LLC boosted its position in shares of BWX Technologies by 24.1% during the fourth quarter. Jennison Associates LLC now owns 248,250 shares of the technology company’s stock worth $19,048,000 after buying an additional 48,170 shares during the period. California Public Employees Retirement System boosted its position in shares of BWX Technologies by 3.4% during the fourth quarter. California Public Employees Retirement System now owns 387,038 shares of the technology company’s stock worth $29,697,000 after buying an additional 12,803 shares during the period. Cantor Fitzgerald Investment Advisors L.P. acquired a new position in BWX Technologies during the fourth quarter valued at approximately $1,485,000. Finally, FMR LLC boosted its position in BWX Technologies by 1.8% during the third quarter. FMR LLC now owns 1,884,236 shares of the technology company’s stock valued at $141,280,000 after purchasing an additional 32,664 shares during the last quarter. 94.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BWXT has been the subject of several recent research reports. Truist Financial reissued a “hold” rating and set a $95.00 price target (down from $110.00) on shares of BWX Technologies in a research report on Monday, March 25th. Bank of America increased their price target on BWX Technologies from $82.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. CLSA assumed coverage on BWX Technologies in a research report on Monday, June 3rd. They set a “buy” rating for the company. Deutsche Bank Aktiengesellschaft cut their price objective on BWX Technologies from $110.00 to $107.00 and set a “buy” rating for the company in a research report on Monday, June 10th. Finally, StockNews.com raised BWX Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, May 8th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $92.00.

BWX Technologies Price Performance

Shares of NYSE BWXT opened at $92.54 on Wednesday. The firm has a market cap of $8.46 billion, a P/E ratio of 33.41, a price-to-earnings-growth ratio of 3.37 and a beta of 0.71. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.29. BWX Technologies, Inc. has a 1-year low of $67.15 and a 1-year high of $107.18. The business’s 50 day moving average is $91.39 and its 200-day moving average is $89.01.

BWX Technologies (NYSE:BWXT) last announced its earnings results on Monday, May 6th. The technology company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.09. The company had revenue of $603.97 million for the quarter, compared to analyst estimates of $599.92 million. BWX Technologies had a return on equity of 31.57% and a net margin of 10.00%. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.70 earnings per share. Equities research analysts predict that BWX Technologies, Inc. will post 3.19 earnings per share for the current year.

BWX Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 6th. Stockholders of record on Friday, May 17th were paid a dividend of $0.24 per share. The ex-dividend date was Thursday, May 16th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.04%. BWX Technologies’s dividend payout ratio (DPR) is currently 34.66%.

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.