Victory Capital Management Inc. Trims Stock Position in BWX Technologies, Inc. (NYSE:BWXT)

Victory Capital Management Inc. decreased its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 18.3% during the third quarter, HoldingsChannel reports. The firm owned 75,214 shares of the technology company’s stock after selling 16,820 shares during the period. Victory Capital Management Inc.’s holdings in BWX Technologies were worth $8,176,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Shell Asset Management Co. bought a new stake in shares of BWX Technologies during the first quarter valued at approximately $148,000. EntryPoint Capital LLC lifted its stake in BWX Technologies by 534.1% in the 1st quarter. EntryPoint Capital LLC now owns 520 shares of the technology company’s stock worth $53,000 after purchasing an additional 438 shares in the last quarter. Quadrature Capital Ltd bought a new position in BWX Technologies during the first quarter valued at $1,682,000. 1832 Asset Management L.P. purchased a new position in BWX Technologies during the first quarter worth $123,000. Finally, Silvercrest Asset Management Group LLC lifted its stake in shares of BWX Technologies by 15.3% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 367,144 shares of the technology company’s stock worth $37,676,000 after acquiring an additional 48,610 shares during the last quarter. Hedge funds and other institutional investors own 94.39% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on BWXT shares. Bank of America lifted their price objective on BWX Technologies from $115.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Truist Financial upped their price objective on BWX Technologies from $95.00 to $106.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft boosted 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. Alembic Global Advisors upgraded shares of BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 target price for the company in a research report on Tuesday, November 12th. Finally, StockNews.com downgraded BWX Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, BWX Technologies has an average rating of “Moderate Buy” and an average target price of $122.43.

BWX Technologies Trading Up 2.8 %

BWXT opened at $133.42 on Friday. The business’s 50-day simple moving average is $117.14 and its 200-day simple moving average is $102.76. The company has a market cap of $12.20 billion, a P/E ratio of 44.18, a PEG ratio of 4.37 and a beta of 0.69. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25. BWX Technologies, Inc. has a one year low of $74.69 and a one year high of $136.31.

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

BWX Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 19th will be issued a $0.24 dividend. The ex-dividend date is Tuesday, November 19th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.72%. BWX Technologies’s dividend payout ratio (DPR) is presently 31.79%.

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.