Blue Trust Inc. Decreases Position in BWX Technologies, Inc. (NYSE:BWXT)

Blue Trust Inc. reduced its stake in BWX Technologies, Inc. (NYSE:BWXT) by 33.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 544 shares of the technology company’s stock after selling 269 shares during the period. Blue Trust Inc.’s holdings in BWX Technologies were worth $61,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. New York State Teachers Retirement System raised its position in BWX Technologies by 38.6% during the 4th quarter. New York State Teachers Retirement System now owns 20,100 shares of the technology company’s stock worth $2,239,000 after buying an additional 5,600 shares during the last quarter. V Square Quantitative Management LLC increased its stake in shares of BWX Technologies by 40.5% during the fourth quarter. V Square Quantitative Management LLC now owns 406 shares of the technology company’s stock worth $45,000 after acquiring an additional 117 shares during the period. Van ECK Associates Corp raised its holdings in BWX Technologies by 46.7% during the fourth quarter. Van ECK Associates Corp now owns 1,408,736 shares of the technology company’s stock worth $156,919,000 after purchasing an additional 448,467 shares in the last quarter. Legato Capital Management LLC lifted its position in BWX Technologies by 7.3% in the fourth quarter. Legato Capital Management LLC now owns 29,368 shares of the technology company’s stock valued at $3,271,000 after purchasing an additional 2,001 shares during the period. Finally, Louisiana State Employees Retirement System boosted its holdings in BWX Technologies by 0.4% in the 4th quarter. Louisiana State Employees Retirement System now owns 25,400 shares of the technology company’s stock valued at $2,829,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 94.39% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. StockNews.com cut BWX Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Maxim Group raised their target price on BWX Technologies from $138.00 to $140.00 and gave the company a “buy” rating in a report on Friday, January 10th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Bank of America increased their price target on shares of BWX Technologies from $115.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, Alembic Global Advisors raised shares of BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price objective on the stock in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, BWX Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $127.50.

BWX Technologies Price Performance

Shares of BWX Technologies stock opened at $99.84 on Tuesday. BWX Technologies, Inc. has a 52 week low of $86.70 and a 52 week high of $136.31. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. The stock has a market cap of $9.13 billion, a PE ratio of 33.06, a price-to-earnings-growth ratio of 3.20 and a beta of 0.73. The company’s 50-day moving average price is $113.75 and its two-hundred day moving average price is $114.23.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Monday, February 24th. The technology company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.12. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. As a group, sell-side analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Tuesday, March 11th will be issued a dividend of $0.25 per share. This is a positive change from BWX Technologies’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 1.00%. BWX Technologies’s dividend payout ratio (DPR) is 31.79%.

BWX Technologies 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.