Barrow Hanley Mewhinney & Strauss LLC Has $126.65 Million Stock Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Barrow Hanley Mewhinney & Strauss LLC lessened its position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 30.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,136,949 shares of the technology company's stock after selling 495,711 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned approximately 1.24% of BWX Technologies worth $126,645,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. HHM Wealth Advisors LLC raised its stake in shares of BWX Technologies by 45.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company's stock worth $32,000 after buying an additional 90 shares in the last quarter. Principal Securities Inc. raised its stake in shares of BWX Technologies by 40.4% in the 4th quarter. Principal Securities Inc. now owns 316 shares of the technology company's stock worth $35,000 after buying an additional 91 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of 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 worth $2,829,000 after buying an additional 100 shares in the last quarter. Utah Retirement Systems raised its stake in shares of BWX Technologies by 2.1% in the 4th quarter. Utah Retirement Systems now owns 4,900 shares of the technology company's stock worth $546,000 after buying an additional 100 shares in the last quarter. Finally, V Square Quantitative Management LLC raised its stake in shares of BWX Technologies by 40.5% in the 4th quarter. V Square Quantitative Management LLC now owns 406 shares of the technology company's stock worth $45,000 after buying an additional 117 shares in the last quarter. Institutional investors own 94.39% of the company's stock.

Insider Buying and Selling at BWX Technologies

In other news, CEO Rex D. Geveden sold 45,625 shares of the company's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $107.40, for a total transaction of $4,900,125.00. Following the completion of the sale, the chief executive officer now owns 218,218 shares in the company, valued at approximately $23,436,613.20. This represents a 17.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Robert L. Duffy sold 6,000 shares of the company's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $104.03, for a total value of $624,180.00. Following the sale, the senior vice president now owns 3,206 shares of the company's stock, valued at approximately $333,520.18. This trade represents a 65.17% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 53,625 shares of company stock worth $5,734,145 over the last 90 days. 0.47% of the stock is currently owned by corporate insiders.

BWX Technologies Stock Up 2.4%

NYSE BWXT traded up $2.89 on Tuesday, reaching $122.38. The stock had a trading volume of 2,370,232 shares, compared to its average volume of 820,874. The business has a 50 day moving average price of $104.82 and a 200 day moving average price of $111.63. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. BWX Technologies, Inc. has a 1 year low of $84.21 and a 1 year high of $136.31. The company has a market capitalization of $11.18 billion, a price-to-earnings ratio of 40.52, a P/E/G ratio of 3.20 and a beta of 0.66.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its earnings results on Monday, May 5th. The technology company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.18. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The firm had revenue of $682.26 million for the quarter, compared to the consensus estimate of $644.15 million. During the same quarter in the previous year, the company posted $0.76 earnings per share. The business's quarterly revenue was up 13.0% compared to the same quarter last year. On average, analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Monday, May 19th will be paid a $0.25 dividend. The ex-dividend date is Monday, May 19th. This represents a $1.00 dividend on an annualized basis and a yield of 0.82%. BWX Technologies's dividend payout ratio (DPR) is currently 31.85%.

Analysts Set New Price Targets

A number of research firms have recently commented on BWXT. CLSA boosted their price objective on BWX Technologies from $153.00 to $177.60 and gave the stock an "outperform" rating in a research note on Tuesday. 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 report on Thursday, May 8th. Bank of America cut their target price on BWX Technologies from $160.00 to $135.00 and set a "buy" rating on the stock in a research report on Wednesday, March 26th. Finally, Seaport Res Ptn raised BWX Technologies to a "strong-buy" rating in a research report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $129.84.

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.