Charles Schwab Investment Management Inc. Decreases Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Key Points

• Charles Schwab Investment Management Inc. reduced its position in BWX Technologies, Inc. by 2.7%, owning approximately 1.12% of the company after selling 28,450 shares during the first quarter.
• BWX Technologies reported $1.02 EPS for the recent quarter, exceeding analyst estimates of $0.79, and also announced a quarterly dividend of $0.25 per share, leading to a 0.6% dividend yield.
• In recent analyst updates, Truist Financial set a price target of $145.00, while Deutsche Bank raised its price objective to $150.00, indicating various outlooks for the stock's performance.

Charles Schwab Investment Management Inc. lessened its stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 2.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,024,034 shares of the technology company's stock after selling 28,450 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.12% of BWX Technologies worth $101,021,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of BWXT. Vanguard Group Inc. lifted its stake in shares of BWX Technologies by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 9,404,287 shares of the technology company's stock valued at $927,733,000 after buying an additional 192,363 shares in the last quarter. Westwood Holdings Group Inc. lifted its stake in BWX Technologies by 279.0% in the 1st quarter. Westwood Holdings Group Inc. now owns 958,563 shares of the technology company's stock worth $94,562,000 after purchasing an additional 705,648 shares in the last quarter. Blair William & Co. IL lifted its stake in BWX Technologies by 84.3% in the 1st quarter. Blair William & Co. IL now owns 782,991 shares of the technology company's stock worth $77,242,000 after purchasing an additional 358,170 shares in the last quarter. L & S Advisors Inc lifted its stake in BWX Technologies by 4.1% in the 1st quarter. L & S Advisors Inc now owns 27,817 shares of the technology company's stock worth $2,744,000 after purchasing an additional 1,098 shares in the last quarter. Finally, Bank of Nova Scotia purchased a new stake in BWX Technologies in the 1st quarter worth $1,232,000. Institutional investors own 94.39% of the company's stock.

Insider Buying and Selling at BWX Technologies

In other news, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the company's stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $177.43, for a total value of $371,183.56. Following the completion of the sale, the senior vice president owned 10,149 shares of the company's stock, valued at approximately $1,800,737.07. This represents a 17.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Rex D. Geveden sold 25,000 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $179.00, for a total transaction of $4,475,000.00. Following the completion of the sale, the chief executive officer directly owned 197,594 shares of the company's stock, valued at $35,369,326. The trade was a 11.23% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,953 shares of company stock worth $5,359,758 over the last quarter. 0.47% of the stock is currently owned by company insiders.

BWX Technologies Trading Down 1.2%

BWXT stock traded down $2.10 during mid-day trading on Thursday, reaching $174.66. The company had a trading volume of 837,715 shares, compared to its average volume of 1,303,049. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.69 and a quick ratio of 1.60. The company has a market capitalization of $15.96 billion, a PE ratio of 54.58, a price-to-earnings-growth ratio of 4.14 and a beta of 0.73. The firm has a 50 day moving average of $147.71 and a 200 day moving average of $121.00. BWX Technologies, Inc. has a 12 month low of $84.21 and a 12 month high of $189.25.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its earnings results on Monday, August 4th. The technology company reported $1.02 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.23. The business had revenue of $764.00 million for the quarter, compared to the consensus estimate of $708.00 million. BWX Technologies had a net margin of 10.28% and a return on equity of 30.61%. The company's revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.82 EPS. On average, equities analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Monday, August 18th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, August 18th. BWX Technologies's dividend payout ratio is presently 31.25%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on BWXT shares. Deutsche Bank Aktiengesellschaft restated 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. Wall Street Zen downgraded shares of BWX Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Maxim Group restated a "hold" rating on shares of BWX Technologies in a report on Wednesday, August 6th. CLSA restated 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. Finally, Bank of America boosted their target price on shares of BWX Technologies from $155.00 to $220.00 and gave the stock a "buy" rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $154.51.

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.