BWX Technologies, Inc. (NYSE:BWXT) Position Trimmed by Sunbelt Securities Inc.

Sunbelt Securities Inc. lowered its stake in BWX Technologies, Inc. (NYSE:BWXT) by 7.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,790 shares of the technology company’s stock after selling 136 shares during the period. Sunbelt Securities Inc.’s holdings in BWX Technologies were worth $170,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of BWX Technologies by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 8,735,898 shares of the technology company’s stock worth $896,478,000 after acquiring an additional 58,680 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in BWX Technologies by 12.7% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,707,832 shares of the technology company’s stock worth $162,244,000 after purchasing an additional 192,042 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in BWX Technologies by 6.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,343,076 shares of the technology company’s stock worth $127,593,000 after purchasing an additional 77,237 shares in the last quarter. Frontier Capital Management Co. LLC raised its holdings in BWX Technologies by 28.8% during 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 period. Finally, Fiera Capital Corp lifted its stake in BWX Technologies by 1.1% during the second quarter. Fiera Capital Corp now owns 936,839 shares of the technology company’s stock valued at $89,000,000 after buying an additional 10,475 shares in the last quarter. Institutional investors and hedge funds own 94.39% of the company’s stock.

BWX Technologies Price Performance

Shares of NYSE:BWXT opened at $113.29 on Thursday. The firm has a market cap of $10.36 billion, a price-to-earnings ratio of 40.90, a P/E/G ratio of 3.84 and a beta of 0.71. BWX Technologies, Inc. has a 1 year low of $72.14 and a 1 year high of $113.56. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 1.21. The business has a fifty day simple moving average of $99.80 and a 200 day simple moving average of $96.52.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings results on Monday, August 5th. The technology company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.06. The business had revenue of $681.50 million during the quarter, compared to analyst estimates of $639.31 million. BWX Technologies had a return on equity of 31.93% and a net margin of 10.29%. The firm’s revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.65 EPS. As a group, sell-side analysts predict that BWX Technologies, Inc. will post 3.2 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Friday, August 16th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend was Friday, August 16th. BWX Technologies’s dividend payout ratio is 34.66%.

Analyst Ratings Changes

BWXT has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of BWX Technologies from $112.00 to $113.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Janney Montgomery Scott initiated coverage on shares of BWX Technologies in a research report on Thursday, June 27th. They set a “buy” rating and a $113.00 price objective on the stock. BTIG Research started coverage on shares of BWX Technologies in a research note on Wednesday, June 26th. They set a “buy” rating and a $110.00 target price on the stock. Barclays cut BWX Technologies from an “equal weight” rating to an “underweight” rating and raised their target price for the stock from $75.00 to $90.00 in a research report on Wednesday, July 24th. Finally, StockNews.com raised BWX Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $102.57.

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.