JPMorgan Chase & Co. Grows Position in BWX Technologies, Inc. (NYSE:BWXT)

JPMorgan Chase & Co. raised its position in BWX Technologies, Inc. (NYSE:BWXT) by 1.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 272,271 shares of the technology company’s stock after acquiring an additional 2,984 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.30% of BWX Technologies worth $29,596,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BWXT. Retirement Systems of Alabama increased its position in shares of BWX Technologies by 9.1% during the third quarter. Retirement Systems of Alabama now owns 123,132 shares of the technology company’s stock worth $13,384,000 after purchasing an additional 10,310 shares in the last quarter. Tidal Investments LLC grew its stake in BWX Technologies by 9.5% during the 3rd quarter. Tidal Investments LLC now owns 23,456 shares of the technology company’s stock worth $2,550,000 after buying an additional 2,030 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in BWX Technologies during the third quarter worth approximately $230,000. Sanctuary Advisors LLC lifted its stake in BWX Technologies by 1,249.4% in the third quarter. Sanctuary Advisors LLC now owns 86,509 shares of the technology company’s stock valued at $9,404,000 after buying an additional 80,098 shares during the last quarter. Finally, Fulcrum Equity Management lifted its stake in BWX Technologies by 4.0% in the third quarter. Fulcrum Equity Management now owns 3,337 shares of the technology company’s stock valued at $363,000 after buying an additional 127 shares during the last quarter. Institutional investors and hedge funds own 94.39% of the company’s stock.

BWX Technologies Stock Up 0.2 %

BWX Technologies stock opened at $115.01 on Wednesday. The firm has a market capitalization of $10.52 billion, a P/E ratio of 38.08, a P/E/G ratio of 4.12 and a beta of 0.73. The company has a 50-day simple moving average of $122.06 and a 200-day simple moving average of $110.27. BWX Technologies, Inc. has a one year low of $74.69 and a one year 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.

BWX Technologies (NYSE:BWXT) last announced its earnings results on Monday, November 4th. The technology company reported $0.83 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $658.84 million. During the same quarter in the prior year, the firm posted $0.67 EPS. BWX Technologies’s revenue was up 13.9% compared to the same quarter last year. As a group, equities analysts expect that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 19th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend was Tuesday, November 19th. BWX Technologies’s payout ratio is currently 31.79%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Truist Financial raised their price target on BWX Technologies from $95.00 to $106.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. StockNews.com downgraded BWX Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Barclays lifted their target price on BWX Technologies from $90.00 to $105.00 and gave the company an “underweight” rating in a research note on Monday, December 16th. Finally, Alembic Global Advisors upgraded BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price target for the company in a research note on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $124.57.

About BWX Technologies

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.