Fifth Third Bancorp Reduces Stock Position in BWX Technologies, Inc. (NYSE:BWXT)

Fifth Third Bancorp reduced its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,857 shares of the technology company’s stock after selling 119 shares during the quarter. Fifth Third Bancorp’s holdings in BWX Technologies were worth $318,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Stone House Investment Management LLC increased its stake in shares of BWX Technologies by 76.2% in the third quarter. Stone House Investment Management LLC now owns 229 shares of the technology company’s stock valued at $25,000 after purchasing an additional 99 shares during the period. Quent Capital LLC increased its position in BWX Technologies by 147.6% in the 3rd quarter. Quent Capital LLC now owns 255 shares of the technology company’s stock valued at $28,000 after acquiring an additional 152 shares during the period. UMB Bank n.a. boosted its position in 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 during the period. Quarry LP grew its stake in shares of BWX Technologies by 93.6% in the third quarter. Quarry LP now owns 271 shares of the technology company’s stock worth $29,000 after purchasing an additional 131 shares in the last quarter. Finally, Retirement Wealth Solutions LLC acquired a new position in shares of BWX Technologies during the fourth quarter valued at $30,000. Institutional investors and hedge funds own 94.39% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Bank of America raised their target price on shares of BWX Technologies from $115.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Alembic Global Advisors raised 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. Deutsche Bank Aktiengesellschaft upped their target price on BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Maxim Group lifted their price target on BWX Technologies from $138.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Finally, StockNews.com lowered BWX Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $127.50.

BWX Technologies Trading Down 1.9 %

Shares of BWX Technologies stock opened at $113.02 on Friday. BWX Technologies, Inc. has a 12-month low of $81.40 and a 12-month high of $136.31. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15. The business’s 50 day moving average is $119.51 and its 200-day moving average is $112.95. The stock has a market cap of $10.33 billion, a P/E ratio of 37.42, a P/E/G ratio of 3.42 and a beta of 0.73.

BWX Technologies (NYSE:BWXT) last posted its earnings results on Monday, November 4th. The technology company reported $0.83 earnings per share 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 business had revenue of $672.00 million for the quarter, compared to analyst estimates of $658.84 million. During the same period in the previous year, the firm earned $0.67 EPS. The firm’s revenue was up 13.9% compared to the same quarter last year. Equities research analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 19th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.85%. The ex-dividend date was Tuesday, November 19th. BWX Technologies’s payout ratio is 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.