Texas Permanent School Fund Corp Has $8.22 Million Stock Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Texas Permanent School Fund Corp boosted its stake in BWX Technologies, Inc. (NYSE:BWXT) by 1.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,091 shares of the technology company’s stock after purchasing an additional 1,088 shares during the period. Texas Permanent School Fund Corp owned about 0.09% of BWX Technologies worth $8,219,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BWXT. Vanguard Group Inc. boosted its holdings in BWX Technologies by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 8,677,218 shares of the technology company’s stock worth $665,803,000 after purchasing an additional 65,137 shares during the last quarter. Clearbridge Investments LLC lifted its stake in BWX Technologies by 0.7% in the 4th quarter. Clearbridge Investments LLC now owns 1,357,980 shares of the technology company’s stock worth $104,198,000 after purchasing an additional 10,068 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of BWX Technologies by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,048,456 shares of the technology company’s stock worth $80,448,000 after buying an additional 7,782 shares during the last quarter. Frontier Capital Management Co. LLC increased its holdings in shares of BWX Technologies by 28.8% in the 4th quarter. Frontier Capital Management Co. LLC now owns 967,317 shares of the technology company’s stock worth $74,222,000 after buying an additional 216,525 shares during the last quarter. Finally, Fiera Capital Corp increased its holdings in shares of BWX Technologies by 1.4% in the 4th quarter. Fiera Capital Corp now owns 905,430 shares of the technology company’s stock worth $69,474,000 after buying an additional 12,593 shares during the last quarter. Institutional investors own 94.39% of the company’s stock.

BWX Technologies Trading Up 1.7 %

Shares of NYSE:BWXT traded up $1.59 during midday trading on Thursday, reaching $97.25. 411,683 shares of the company’s stock were exchanged, compared to its average volume of 587,025. The stock has a market cap of $8.89 billion, a price-to-earnings ratio of 35.11, a P/E/G ratio of 3.60 and a beta of 0.69. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.24 and a quick ratio of 2.24. The firm’s 50 day simple moving average is $91.42 and its two-hundred day simple moving average is $90.76. BWX Technologies, Inc. has a fifty-two week low of $67.91 and a fifty-two week high of $107.18.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings data on Monday, May 6th. The technology company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.09. The business had revenue of $603.97 million during the quarter, compared to the consensus estimate of $599.92 million. BWX Technologies had a return on equity of 31.57% and a net margin of 10.00%. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.70 earnings per share. As a group, sell-side analysts forecast that BWX Technologies, Inc. will post 3.18 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 6th. Stockholders of record on Friday, May 17th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend was Thursday, May 16th. BWX Technologies’s dividend payout ratio (DPR) is presently 34.66%.

Analyst Ratings Changes

Several equities analysts recently commented on BWXT shares. Janney Montgomery Scott started coverage on shares of BWX Technologies in a report on Thursday, June 27th. They set a “buy” rating and a $113.00 target price on the stock. Deutsche Bank Aktiengesellschaft cut their target price on shares of BWX Technologies from $110.00 to $107.00 and set a “buy” rating for the company in a research report on Monday, June 10th. StockNews.com downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Thursday, June 27th. BTIG Research began coverage on shares of BWX Technologies in a report on Wednesday, June 26th. They set a “buy” rating and a $110.00 price target on the stock. Finally, Truist Financial reissued a “hold” rating and issued a $95.00 target price (down previously from $110.00) on shares of BWX Technologies in a report on Monday, March 25th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $96.33.

BWX Technologies Profile

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.