BWX Technologies, Inc. (NYSE:BWXT) Shares Sold by Bridges Investment Management Inc.

Bridges Investment Management Inc. trimmed its holdings in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 3.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 282,812 shares of the technology company's stock after selling 11,329 shares during the period. Bridges Investment Management Inc. owned about 0.31% of BWX Technologies worth $27,899,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in BWXT. Valeo Financial Advisors LLC increased its position in BWX Technologies by 14.4% in the first quarter. Valeo Financial Advisors LLC now owns 4,507 shares of the technology company's stock worth $445,000 after purchasing an additional 568 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in BWX Technologies by 3.0% during the first quarter. Envestnet Asset Management Inc. now owns 252,887 shares of the technology company's stock worth $24,947,000 after acquiring an additional 7,255 shares during the last quarter. Minneapolis Portfolio Management Group LLC increased its stake in BWX Technologies by 37.4% during the first quarter. Minneapolis Portfolio Management Group LLC now owns 241,985 shares of the technology company's stock worth $23,872,000 after acquiring an additional 65,885 shares during the last quarter. Compass Wealth Management LLC increased its stake in BWX Technologies by 13.9% during the first quarter. Compass Wealth Management LLC now owns 31,435 shares of the technology company's stock worth $3,101,000 after acquiring an additional 3,830 shares during the last quarter. Finally, Concurrent Investment Advisors LLC increased its stake in BWX Technologies by 20.6% during the first quarter. Concurrent Investment Advisors LLC now owns 6,381 shares of the technology company's stock worth $630,000 after acquiring an additional 1,088 shares during the last quarter. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on BWXT. CLSA reaffirmed an "outperform" rating and set a $177.60 target price (up previously from $153.00) on shares of BWX Technologies in a research note on Tuesday, May 27th. Maxim Group cut their target price on BWX Technologies from $140.00 to $136.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $150.00 price target (up previously from $119.00) on shares of BWX Technologies in a report on Tuesday. Wall Street Zen lowered BWX Technologies from a "buy" rating to a "hold" rating in a report on Saturday, June 21st. Finally, William Blair reiterated an "outperform" rating on shares of BWX Technologies in a report on Wednesday, June 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $137.94.

BWX Technologies Price Performance

BWX Technologies stock traded up $0.68 during midday trading on Friday, reaching $137.13. The company had a trading volume of 614,327 shares, compared to its average volume of 926,601. The company has a market capitalization of $12.53 billion, a P/E ratio of 43.67, a P/E/G ratio of 3.46 and a beta of 0.70. BWX Technologies, Inc. has a 12-month low of $84.21 and a 12-month high of $145.33. The firm's fifty day simple moving average is $127.58 and its 200-day simple moving average is $114.32. 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 issued its quarterly earnings results on Monday, May 5th. The technology company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.73 by $0.18. BWX Technologies had a net margin of 10.39% and a return on equity of 30.26%. The firm had revenue of $682.26 million for the quarter, compared to analyst estimates of $644.15 million. During the same period last year, the company posted $0.76 EPS. BWX Technologies's quarterly revenue was up 13.0% compared to the same quarter last year. As a group, equities analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were issued a $0.25 dividend. The ex-dividend date was Monday, May 19th. This represents a $1.00 annualized dividend and a yield of 0.73%. 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.