Franklin Resources Inc. Has $254.55 Million Stock Position in BWX Technologies, Inc. (NYSE:BWXT)

Franklin Resources Inc. reduced its position in BWX Technologies, Inc. (NYSE:BWXT) by 2.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,133,360 shares of the technology company’s stock after selling 44,222 shares during the quarter. Franklin Resources Inc.’s holdings in BWX Technologies were worth $254,553,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

BWXT has been the subject of a number of recent analyst reports. Truist Financial upped their target price on BWX Technologies from $95.00 to $106.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Alembic Global Advisors upgraded shares of BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 target price on the stock in a report on Tuesday, November 12th. StockNews.com lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft raised their price target on BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, Bank of America increased their target price on BWX Technologies from $115.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $122.43.

BWX Technologies Stock Down 1.4 %

Shares of BWXT opened at $120.91 on Friday. BWX Technologies, Inc. has a 52 week low of $74.69 and a 52 week high of $136.31. The firm has a market capitalization of $11.06 billion, a P/E 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 $107.36. 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 quarterly earnings data on Monday, November 4th. The technology company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.06. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The company had revenue of $672.00 million during the quarter, compared to the consensus estimate of $658.84 million. During the same quarter last year, the company earned $0.67 EPS. The company’s quarterly revenue was up 13.9% on a year-over-year basis. On average, equities research analysts expect that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Dividend Announcement

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

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.