BWX Technologies, Inc. (NYSE:BWXT) Position Raised by California Public Employees Retirement System

California Public Employees Retirement System raised its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 387,038 shares of the technology company's stock after acquiring an additional 12,803 shares during the quarter. California Public Employees Retirement System owned approximately 0.42% of BWX Technologies worth $29,697,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. SG Americas Securities LLC lifted its holdings in shares of BWX Technologies by 54.6% in the 3rd quarter. SG Americas Securities LLC now owns 6,958 shares of the technology company's stock valued at $522,000 after purchasing an additional 2,456 shares during the last quarter. Exchange Traded Concepts LLC purchased a new stake in shares of BWX Technologies in the 3rd quarter valued at about $608,000. Oak Thistle LLC purchased a new stake in shares of BWX Technologies in the 3rd quarter valued at about $425,000. Oak Family Advisors LLC lifted its holdings in shares of BWX Technologies by 6.6% in the 3rd quarter. Oak Family Advisors LLC now owns 71,696 shares of the technology company's stock valued at $5,376,000 after purchasing an additional 4,452 shares during the last quarter. Finally, Commonwealth Equity Services LLC purchased a new stake in shares of BWX Technologies in the 3rd quarter valued at about $220,000. 94.39% of the stock is owned by institutional investors and hedge funds.

BWX Technologies Price Performance

NYSE:BWXT traded up $1.30 during trading hours on Friday, reaching $95.99. 582,765 shares of the company traded hands, compared to its average volume of 628,901. The firm's 50-day moving average is $97.89 and its 200-day moving average is $85.38. The stock has a market cap of $8.77 billion, a P/E ratio of 35.68, a P/E/G ratio of 3.06 and a beta of 0.73. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.18 and a quick ratio of 2.18. BWX Technologies, Inc. has a 1-year low of $60.17 and a 1-year high of $107.18.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its earnings results on Tuesday, February 27th. The technology company reported $1.01 EPS for the quarter, beating analysts' consensus estimates of $0.94 by $0.07. BWX Technologies had a return on equity of 32.38% and a net margin of 9.85%. The firm had revenue of $725.52 million for the quarter, compared to analysts' expectations of $659.42 million. During the same quarter in the prior year, the firm earned $0.93 EPS. BWX Technologies's quarterly revenue was up 16.2% on a year-over-year basis. Equities research analysts expect that BWX Technologies, Inc. will post 3.14 earnings per share for the current fiscal year.

BWX Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Monday, March 11th were given a $0.24 dividend. This is a positive change from BWX Technologies's previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 1.00%. The ex-dividend date was Friday, March 8th. BWX Technologies's dividend payout ratio (DPR) is 35.69%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. StockNews.com downgraded BWX Technologies from a "buy" rating to a "hold" rating in a report on Tuesday, March 12th. Truist Financial reissued a "hold" rating and issued a $95.00 target price (down from $110.00) on shares of BWX Technologies in a report on Monday, March 25th. Finally, Bank of America upped their price objective on BWX Technologies from $82.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, March 28th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, BWX Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $89.00.

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.