Bank of New York Mellon Corp Sells 39,921 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Bank of New York Mellon Corp lowered its stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 2.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,339,858 shares of the technology company's stock after selling 39,921 shares during the period. Bank of New York Mellon Corp owned approximately 1.47% of BWX Technologies worth $132,177,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Ameriflex Group Inc. purchased a new position in shares of BWX Technologies in the 4th quarter valued at $34,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of BWX Technologies by 200.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 354 shares of the technology company's stock worth $35,000 after buying an additional 236 shares during the last quarter. Vermillion Wealth Management Inc. bought a new position in shares of BWX Technologies in the 4th quarter worth about $40,000. Farther Finance Advisors LLC lifted its position in shares of BWX Technologies by 109.6% in the 1st quarter. Farther Finance Advisors LLC now owns 459 shares of the technology company's stock worth $46,000 after buying an additional 240 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in shares of BWX Technologies in the 4th quarter worth about $58,000. Hedge funds and other institutional investors own 94.39% of the company's stock.

Analyst Upgrades and Downgrades

BWXT has been the topic of several recent research reports. Seaport Res Ptn upgraded shares of BWX Technologies to a "strong-buy" rating in a research report on Tuesday, April 1st. Maxim Group cut their price objective on shares of BWX Technologies from $140.00 to $136.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. William Blair reiterated an "outperform" rating on shares of BWX Technologies in a research report on Wednesday, June 18th. Wall Street Zen downgraded shares of BWX Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, June 21st. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $150.00 price objective (up from $119.00) on shares of BWX Technologies in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, BWX Technologies presently has an average rating of "Moderate Buy" and an average target price of $137.94.

BWX Technologies Stock Up 0.1%

Shares of BWX Technologies stock traded up $0.15 on Wednesday, hitting $137.52. 792,170 shares of the company traded hands, compared to its average volume of 923,124. The company has a 50-day moving average price of $126.51 and a 200 day moving average price of $113.99. The company has a quick ratio of 1.91, a current ratio of 2.02 and a debt-to-equity ratio of 1.08. BWX Technologies, Inc. has a 12-month low of $84.21 and a 12-month high of $145.33. The company has a market cap of $12.56 billion, a PE ratio of 43.80, a PEG ratio of 3.62 and a beta of 0.70.

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 (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.18. The business had revenue of $682.26 million during the quarter, compared to analyst estimates of $644.15 million. BWX Technologies had a net margin of 10.39% and a return on equity of 30.26%. BWX Technologies's quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.76 EPS. Sell-side analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.00 dividend on an annualized basis and a yield of 0.73%. BWX Technologies's payout ratio is currently 31.85%.

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.