State Board of Administration of Florida Retirement System Trims Stake in BWX Technologies, Inc. (NYSE:BWXT)

State Board of Administration of Florida Retirement System reduced its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 2.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,809 shares of the technology company’s stock after selling 2,709 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.13% of BWX Technologies worth $6,614,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stephens Inc. AR grew its position in shares of BWX Technologies by 1.2% during the 2nd quarter. Stephens Inc. AR now owns 15,275 shares of the technology company’s stock valued at $888,000 after purchasing an additional 188 shares in the last quarter. MML Investors Services LLC grew its position in BWX Technologies by 4.6% in the second quarter. MML Investors Services LLC now owns 4,443 shares of the technology company’s stock worth $258,000 after acquiring an additional 196 shares in the last quarter. Selective Wealth Management Inc. grew its position in BWX Technologies by 21.5% in the third quarter. Selective Wealth Management Inc. now owns 1,215 shares of the technology company’s stock worth $65,000 after acquiring an additional 215 shares in the last quarter. Truist Financial Corp grew its position in BWX Technologies by 3.3% in the third quarter. Truist Financial Corp now owns 7,920 shares of the technology company’s stock worth $426,000 after acquiring an additional 253 shares in the last quarter. Finally, McGowan Group Asset Management Inc. grew its position in BWX Technologies by 3.4% in the second quarter. McGowan Group Asset Management Inc. now owns 7,863 shares of the technology company’s stock worth $457,000 after acquiring an additional 258 shares in the last quarter. Hedge funds and other institutional investors own 96.71% of the company’s stock.

In other news, CFO David S. Black sold 1,000 shares of the company’s stock in a transaction dated Thursday, November 11th. The shares were sold at an average price of $52.54, for a total transaction of $52,540.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Robb A. Lemasters acquired 5,000 shares of the stock in a transaction dated Friday, November 26th. The shares were purchased at an average cost of $48.99 per share, with a total value of $244,950.00. The disclosure for this purchase can be found here. Corporate insiders own 0.40% of the company’s stock.

Several research analysts recently issued reports on BWXT shares. Truist cut their target price on shares of BWX Technologies from $77.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, November 2nd. Barclays cut their target price on shares of BWX Technologies from $57.00 to $53.00 and set an “underweight” rating for the company in a research report on Monday, November 8th. Maxim Group upped their target price on shares of BWX Technologies from $65.00 to $68.00 and gave the stock a “buy” rating in a research report on Tuesday, December 14th. Zacks Investment Research lowered shares of BWX Technologies from a “hold” rating to a “sell” rating in a research report on Monday, October 18th. Finally, Truist Securities cut their price target on shares of BWX Technologies from $77.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, November 2nd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $65.20.

NYSE BWXT opened at $48.30 on Friday. The company has a 50-day simple moving average of $49.14 and a two-hundred day simple moving average of $53.98. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 2.17. BWX Technologies, Inc. has a 12-month low of $45.50 and a 12-month high of $68.68. The firm has a market cap of $4.45 billion, a price-to-earnings ratio of 18.09, a PEG ratio of 2.73 and a beta of 1.04.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings results on Monday, November 1st. The technology company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.03). The business had revenue of $499.00 million for the quarter, compared to analysts’ expectations of $535.22 million. BWX Technologies had a net margin of 12.19% and a return on equity of 42.47%. The business’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.79 earnings per share. Equities analysts expect that BWX Technologies, Inc. will post 3.06 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 10th. Stockholders of record on Friday, November 19th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.74%. The ex-dividend date was Thursday, November 18th. BWX Technologies’s dividend payout ratio (DPR) is 31.46%.

About BWX Technologies

BWX Technologies, Inc engages in the supply and provision of nuclear components and products. It operates through the following business segments: Nuclear Operations Group, Nuclear Services Group and Nuclear Power Group. The Nuclear Operations Group segment focuses on the design and manufacture of equipment for nuclear applications.

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Institutional Ownership by Quarter for BWX Technologies (NYSE:BWXT)

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