Geode Capital Management LLC Buys 26,130 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Geode Capital Management LLC increased its stake in BWX Technologies, Inc. (NYSE:BWXT) by 1.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,682,563 shares of the technology company’s stock after acquiring an additional 26,130 shares during the period. Geode Capital Management LLC owned about 1.84% of BWX Technologies worth $182,938,000 as of its most recent SEC filing.

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

BWX Technologies Price Performance

BWXT opened at $120.91 on Monday. 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 company has a market cap of $11.06 billion, a price-to-earnings ratio of 40.04, a price-to-earnings-growth ratio of 4.12 and a beta of 0.70. The stock has a fifty day simple moving average of $124.75 and a two-hundred day simple moving average of $107.49. BWX Technologies, Inc. has a 12-month low of $74.69 and a 12-month high of $136.31.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings results on Monday, November 4th. The technology company reported $0.83 earnings per share (EPS) 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 analyst estimates of $658.84 million. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. BWX Technologies’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period last year, the business earned $0.67 EPS. Research analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

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

Analyst Upgrades and Downgrades

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

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.