BWX Technologies, Inc. (NYSE:BWXT) Stock Position Reduced by Pitcairn Co.

Pitcairn Co. cut its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 5.6% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,260 shares of the technology company’s stock after selling 253 shares during the period. Pitcairn Co.’s holdings in BWX Technologies were worth $437,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. SG Americas Securities LLC lifted its stake in shares of BWX Technologies by 11.7% in the fourth quarter. SG Americas Securities LLC now owns 7,772 shares of the technology company’s stock worth $596,000 after buying an additional 814 shares during the last quarter. Raymond James & Associates grew its holdings in shares of BWX Technologies by 4.2% in the 4th quarter. Raymond James & Associates now owns 368,827 shares of the technology company’s stock worth $28,300,000 after purchasing an additional 14,973 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of BWX Technologies by 38.1% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 21,293 shares of the technology company’s stock worth $1,634,000 after purchasing an additional 5,879 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of BWX Technologies by 118.1% in the 4th quarter. Pacer Advisors Inc. now owns 16,798 shares of the technology company’s stock worth $1,289,000 after purchasing an additional 9,095 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in BWX Technologies by 11.0% during the 4th quarter. Venturi Wealth Management LLC now owns 5,830 shares of the technology company’s stock worth $447,000 after acquiring an additional 580 shares during the last quarter. 94.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on BWXT shares. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of BWX Technologies from $110.00 to $107.00 and set a “buy” rating on the stock in a report on Monday, June 10th. StockNews.com downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, June 27th. Janney Montgomery Scott began coverage on shares of BWX Technologies in a research report on Thursday, June 27th. They set a “buy” rating and a $113.00 target price on the stock. Barclays downgraded shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and increased their price target for the company from $75.00 to $90.00 in a research report on Wednesday. Finally, Bank of America increased their price target on shares of BWX Technologies from $82.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $98.00.

BWX Technologies Stock Down 1.3 %

BWXT stock traded down $1.29 during mid-day trading on Thursday, hitting $98.73. 762,243 shares of the company were exchanged, compared to its average volume of 583,113. The company has a debt-to-equity ratio of 1.29, a quick ratio of 2.24 and a current ratio of 2.24. The firm has a market cap of $9.02 billion, a P/E ratio of 35.64, a P/E/G ratio of 3.91 and a beta of 0.69. The firm’s 50 day simple moving average is $93.45 and its 200 day simple moving average is $92.48. BWX Technologies, Inc. has a 1-year low of $67.91 and a 1-year high of $107.18.

BWX Technologies (NYSE:BWXT) last announced its earnings results on Monday, May 6th. The technology company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.67 by $0.09. The firm had revenue of $603.97 million for the quarter, compared to the consensus estimate of $599.92 million. BWX Technologies had a net margin of 10.00% and a return on equity of 31.57%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the company posted $0.70 EPS. On average, sell-side analysts predict that BWX Technologies, Inc. will post 3.19 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 6th. Stockholders of record on Friday, May 17th were paid a dividend of $0.24 per share. The ex-dividend date was Thursday, May 16th. This represents a $0.96 annualized dividend and a dividend yield of 0.97%. BWX Technologies’s dividend payout ratio is currently 34.66%.

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.