Franklin Resources Inc. Sells 18,672 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Franklin Resources Inc. cut its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 0.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,227,564 shares of the technology company's stock after selling 18,672 shares during the quarter. Franklin Resources Inc. owned approximately 2.43% of BWX Technologies worth $170,921,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Commonwealth Equity Services LLC purchased a new position in BWX Technologies in the 3rd quarter worth approximately $220,000. Fifth Third Bancorp raised its stake in BWX Technologies by 30.4% during the 3rd quarter. Fifth Third Bancorp now owns 926 shares of the technology company's stock valued at $69,000 after purchasing an additional 216 shares during the period. Duality Advisers LP purchased a new position in BWX Technologies during the 3rd quarter valued at approximately $504,000. Principal Financial Group Inc. boosted its holdings in shares of BWX Technologies by 15.7% in the 3rd quarter. Principal Financial Group Inc. now owns 398,051 shares of the technology company's stock worth $29,846,000 after purchasing an additional 53,978 shares during the period. Finally, California Public Employees Retirement System lifted its stake in shares of BWX Technologies by 11.3% during the 3rd quarter. California Public Employees Retirement System now owns 374,235 shares of the technology company's stock worth $28,060,000 after acquiring an additional 38,110 shares during the last quarter. 94.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on BWXT shares. StockNews.com upgraded BWX Technologies from a "hold" rating to a "buy" rating in a research note on Wednesday, May 8th. Bank of America upped their price target on BWX Technologies from $82.00 to $115.00 and gave the stock a "buy" rating in a report on Thursday, March 28th. Truist Financial reaffirmed a "hold" rating and issued a $95.00 price target (down previously from $110.00) on shares of BWX Technologies in a report on Monday, March 25th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on BWX Technologies from $111.00 to $110.00 and set a "buy" rating for the company in a report on Tuesday, May 7th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $92.43.

BWX Technologies Stock Down 1.2 %

Shares of BWX Technologies stock traded down $1.04 during trading on Thursday, reaching $87.64. The company had a trading volume of 495,684 shares, compared to its average volume of 608,058. The company has a market cap of $8.01 billion, a price-to-earnings ratio of 32.03, a price-to-earnings-growth ratio of 3.12 and a beta of 0.75. BWX Technologies, Inc. has a fifty-two week low of $60.17 and a fifty-two week high of $107.18. The firm's fifty day moving average is $95.69 and its 200-day moving average is $87.31. The company has a debt-to-equity ratio of 1.29, a quick ratio of 2.24 and a current ratio of 2.24.

BWX Technologies (NYSE:BWXT - Get Free Report) last released its quarterly earnings data on Monday, May 6th. The technology company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.09. BWX Technologies had a net margin of 10.00% and a return on equity of 31.57%. The business had revenue of $603.97 million during the quarter, compared to analyst estimates of $599.92 million. During the same quarter in the previous year, the business earned $0.70 EPS. BWX Technologies's quarterly revenue was up 6.3% compared to the same quarter last year. On average, analysts anticipate that BWX Technologies, Inc. will post 3.17 EPS for the current year.

BWX Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Friday, May 17th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Thursday, May 16th. BWX Technologies's dividend payout ratio is 34.66%.

BWX Technologies Company 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.