Bank Julius Baer & Co. Ltd Zurich Sells 14,570 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Bank Julius Baer & Co. Ltd Zurich cut its holdings in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 8.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 162,286 shares of the technology company's stock after selling 14,570 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned approximately 0.18% of BWX Technologies worth $16,957,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Commonwealth Equity Services LLC lifted its position in BWX Technologies by 32.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 19,626 shares of the technology company's stock valued at $2,186,000 after purchasing an additional 4,766 shares during the period. Envestnet Portfolio Solutions Inc. boosted its stake in shares of BWX Technologies by 11.1% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 2,452 shares of the technology company's stock valued at $273,000 after purchasing an additional 245 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in shares of BWX Technologies by 51.9% in the 4th quarter. Teacher Retirement System of Texas now owns 33,245 shares of the technology company's stock valued at $3,703,000 after purchasing an additional 11,362 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of BWX Technologies by 3.0% in the 4th quarter. American Century Companies Inc. now owns 765,527 shares of the technology company's stock valued at $85,272,000 after purchasing an additional 22,064 shares during the last quarter. Finally, LPL Financial LLC boosted its stake in shares of BWX Technologies by 69.4% in the 4th quarter. LPL Financial LLC now owns 54,552 shares of the technology company's stock valued at $6,077,000 after purchasing an additional 22,340 shares during the last quarter. 94.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. William Blair reaffirmed an "outperform" rating on shares of BWX Technologies in a research note on Wednesday, June 18th. CLSA reaffirmed an "outperform" rating and issued a $177.60 target price (up previously from $153.00) on shares of BWX Technologies in a research note on Tuesday, May 27th. Seaport Res Ptn raised shares of BWX Technologies to a "strong-buy" rating in a research note on Tuesday, April 1st. Wall Street Zen upgraded BWX Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. Finally, Maxim Group decreased their target price on BWX Technologies from $140.00 to $136.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $137.94.

BWX Technologies Trading Up 2.8%

Shares of BWX Technologies stock traded up $4.04 during trading on Friday, hitting $147.88. 1,026,203 shares of the company were exchanged, compared to its average volume of 1,007,573. The firm has a market capitalization of $13.51 billion, a P/E ratio of 47.10, a price-to-earnings-growth ratio of 3.74 and a beta of 0.70. BWX Technologies, Inc. has a 1-year low of $84.21 and a 1-year high of $148.75. The firm's fifty day moving average price is $134.72 and its 200 day moving average price is $116.50. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.02 and a quick ratio of 1.91.

BWX Technologies (NYSE:BWXT - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The technology company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.18. BWX Technologies had a return on equity of 30.26% and a net margin of 10.39%. The business had revenue of $682.26 million for the quarter, compared to analysts' expectations of $644.15 million. During the same quarter in the previous year, the business posted $0.76 EPS. BWX Technologies's revenue for the quarter was up 13.0% on a year-over-year basis. As a group, sell-side analysts expect that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.68%. The ex-dividend date was Monday, May 19th. BWX Technologies's dividend payout ratio (DPR) is presently 31.85%.

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.