Retirement Systems of Alabama Has $13.38 Million Stock Position in BWX Technologies, Inc. (NYSE:BWXT)

Retirement Systems of Alabama raised its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 9.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,132 shares of the technology company’s stock after purchasing an additional 10,310 shares during the period. Retirement Systems of Alabama’s holdings in BWX Technologies were worth $13,384,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. AQR Capital Management LLC raised its position in BWX Technologies by 77.8% during the second quarter. AQR Capital Management LLC now owns 132,263 shares of the technology company’s stock valued at $12,565,000 after purchasing an additional 57,879 shares in the last quarter. Hilton Capital Management LLC acquired a new position in BWX Technologies during the third quarter valued at approximately $2,237,000. Bullseye Asset Management LLC raised its position in BWX Technologies by 39.5% during the third quarter. Bullseye Asset Management LLC now owns 17,655 shares of the technology company’s stock valued at $1,920,000 after purchasing an additional 5,000 shares in the last quarter. Bridges Investment Management Inc. raised its position in BWX Technologies by 76.3% during the second quarter. Bridges Investment Management Inc. now owns 359,147 shares of the technology company’s stock valued at $34,119,000 after purchasing an additional 155,387 shares in the last quarter. Finally, Citigroup Inc. raised its position in BWX Technologies by 40.4% during the third quarter. Citigroup Inc. now owns 108,637 shares of the technology company’s stock valued at $11,809,000 after purchasing an additional 31,246 shares in the last quarter. 94.39% of the stock is currently owned by institutional investors and hedge funds.

BWX Technologies Stock Performance

Shares of BWX Technologies stock opened at $120.91 on Monday. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15. BWX Technologies, Inc. has a twelve month low of $74.69 and a twelve month high of $136.31. The stock has a market cap of $11.06 billion, a price-to-earnings ratio of 40.04, a P/E/G ratio of 4.12 and a beta of 0.70. The company’s fifty day moving average is $124.75 and its 200 day moving average is $107.49.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings data on Monday, November 4th. The technology company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.06. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The company had revenue of $672.00 million for the quarter, compared to analysts’ expectations of $658.84 million. During the same quarter in the previous year, the firm posted $0.67 earnings per share. BWX Technologies’s revenue for the quarter was up 13.9% on a year-over-year basis. Sell-side analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have commented on BWXT. StockNews.com downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Bank of America upped their price target on shares of BWX Technologies from $115.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Truist Financial upped their price target on shares of BWX Technologies from $95.00 to $106.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft upped their price target on shares of BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Finally, Alembic Global Advisors upgraded shares of BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price target for the company in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.