Barrow Hanley Mewhinney & Strauss LLC Sells 495,711 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Barrow Hanley Mewhinney & Strauss LLC decreased its position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 30.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,136,949 shares of the technology company's stock after selling 495,711 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned about 1.24% of BWX Technologies worth $126,645,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Demars Financial Group LLC increased its position in BWX Technologies by 9,309.0% in the 4th quarter. Demars Financial Group LLC now owns 4,482,439 shares of the technology company's stock valued at $499,299,000 after acquiring an additional 4,434,799 shares during the period. Raymond James Financial Inc. bought a new position in shares of BWX Technologies in the fourth quarter worth $69,730,000. Balyasny Asset Management L.P. increased its holdings in shares of BWX Technologies by 204.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 916,323 shares of the technology company's stock valued at $102,069,000 after purchasing an additional 615,693 shares during the period. Stephens Investment Management Group LLC acquired a new position in shares of BWX Technologies during the fourth quarter valued at $50,054,000. Finally, Van ECK Associates Corp lifted its holdings in BWX Technologies by 46.7% in 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 during the period. Institutional investors own 94.39% of the company's stock.

Insider Activity at BWX Technologies

In related news, SVP Robert L. Duffy sold 6,000 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $104.03, for a total transaction of $624,180.00. Following the transaction, the senior vice president now directly owns 3,206 shares of the company's stock, valued at approximately $333,520.18. The trade was a 65.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the company's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $104.92, for a total transaction of $209,840.00. Following the completion of the transaction, the senior vice president now directly owns 9,904 shares in the company, valued at $1,039,127.68. This trade represents a 16.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.47% of the stock is owned by insiders.

BWX Technologies Price Performance

Shares of BWXT traded up $4.68 during trading hours on Wednesday, hitting $127.04. 1,032,561 shares of the company were exchanged, compared to its average volume of 822,041. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. The company has a market capitalization of $11.61 billion, a PE ratio of 42.05, a PEG ratio of 3.20 and a beta of 0.66. The firm has a fifty day simple moving average of $105.26 and a 200-day simple moving average of $111.70. BWX Technologies, Inc. has a one year low of $84.21 and a one year high of $136.31.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its earnings results on Monday, May 5th. The technology company reported $0.91 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 the consensus estimate of $644.15 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. BWX Technologies's revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.76 earnings per share. As a group, 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 declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Monday, May 19th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, May 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.79%. BWX Technologies's dividend payout ratio is 31.85%.

Analyst Ratings Changes

Several equities analysts have commented on BWXT shares. Maxim Group lowered their target price on shares of BWX Technologies from $140.00 to $136.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Seaport Res Ptn upgraded shares of BWX Technologies to a "strong-buy" rating in a research note on Tuesday, April 1st. Bank of America dropped their target price on BWX Technologies from $160.00 to $135.00 and set a "buy" rating on the stock in a report on Wednesday, March 26th. William Blair initiated coverage on BWX Technologies in a research note on Wednesday. They set an "outperform" rating for the company. Finally, CLSA lifted their price target on BWX Technologies from $153.00 to $177.60 and gave the company an "outperform" rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $129.84.

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.