M&T Bank Corp Decreases Stake in BWX Technologies, Inc. (NYSE:BWXT)

M&T Bank Corp decreased its stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 68.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 18,167 shares of the technology company's stock after selling 39,704 shares during the quarter. M&T Bank Corp's holdings in BWX Technologies were worth $1,792,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Envestnet Asset Management Inc. grew its position in shares of BWX Technologies by 3.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 252,887 shares of the technology company's stock worth $24,947,000 after buying an additional 7,255 shares during the period. Minneapolis Portfolio Management Group LLC grew its position in shares of BWX Technologies by 37.4% during the 1st quarter. Minneapolis Portfolio Management Group LLC now owns 241,985 shares of the technology company's stock worth $23,872,000 after buying an additional 65,885 shares during the period. Compass Wealth Management LLC lifted its holdings in shares of BWX Technologies by 13.9% in the 1st quarter. Compass Wealth Management LLC now owns 31,435 shares of the technology company's stock worth $3,101,000 after purchasing an additional 3,830 shares in the last quarter. Concurrent Investment Advisors LLC lifted its holdings in shares of BWX Technologies by 20.6% in the 1st quarter. Concurrent Investment Advisors LLC now owns 6,381 shares of the technology company's stock worth $630,000 after purchasing an additional 1,088 shares in the last quarter. Finally, OneDigital Investment Advisors LLC lifted its holdings in shares of BWX Technologies by 15.6% in the 1st quarter. OneDigital Investment Advisors LLC now owns 62,577 shares of the technology company's stock worth $6,173,000 after purchasing an additional 8,432 shares in the last quarter. Institutional investors and hedge funds own 94.39% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. 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 report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $150.00 target price (up from $119.00) on shares of BWX Technologies in a report on Tuesday, July 8th. CLSA reiterated an "outperform" rating and issued a $177.60 target price (up from $153.00) on shares of BWX Technologies in a report on Tuesday, May 27th. Wall Street Zen upgraded BWX Technologies from a "hold" rating to a "buy" rating in a report on Saturday. Finally, William Blair restated an "outperform" rating on shares of BWX Technologies in a research note on Wednesday, June 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, BWX Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $137.94.

BWX Technologies Stock Up 0.5%

NYSE:BWXT traded up $0.68 during trading hours on Friday, hitting $137.13. 614,327 shares of the company traded hands, compared to its average volume of 930,574. BWX Technologies, Inc. has a one year low of $84.21 and a one year high of $145.33. The company has a market cap of $12.53 billion, a PE ratio of 43.67, a PEG ratio of 3.46 and a beta of 0.70. The firm's 50-day simple moving average is $128.07 and its 200-day simple moving average is $114.50. 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 (NYSE:BWXT - Get Free Report) last announced its earnings results 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. BWX Technologies had a return on equity of 30.26% and a net margin of 10.39%. The firm had revenue of $682.26 million during the quarter, compared to analyst estimates of $644.15 million. During the same period last year, the firm posted $0.76 EPS. The business's revenue was up 13.0% compared to the same quarter last year. Equities 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. Stockholders of record on Monday, May 19th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend was Monday, May 19th. BWX Technologies's dividend payout ratio 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.