Covea Finance Has $10.68 Million Position in BWX Technologies, Inc. (NYSE:BWXT)

Covea Finance cut its holdings in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 16.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 108,292 shares of the technology company's stock after selling 22,008 shares during the quarter. Covea Finance owned about 0.12% of BWX Technologies worth $10,683,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Principal Securities Inc. lifted its holdings in 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 purchasing an additional 91 shares during the last quarter. Utah Retirement Systems raised its holdings in 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 acquiring an additional 100 shares during the period. Gateway Investment Advisers LLC lifted its position in BWX Technologies by 6.0% during the 1st quarter. Gateway Investment Advisers LLC now owns 2,154 shares of the technology company's stock worth $212,000 after acquiring an additional 121 shares during the last quarter. Congress Wealth Management LLC DE boosted its holdings in BWX Technologies by 5.9% during the fourth quarter. Congress Wealth Management LLC DE now owns 2,249 shares of the technology company's stock valued at $251,000 after acquiring an additional 125 shares during the period. Finally, CIBC Asset Management Inc boosted its holdings in BWX Technologies by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 2,807 shares of the technology company's stock valued at $313,000 after acquiring an additional 140 shares during the period. Institutional investors own 94.39% of the company's stock.

BWX Technologies Stock Performance

BWXT traded up $0.33 during trading on Tuesday, reaching $142.39. 1,126,688 shares of the company's stock were exchanged, compared to its average volume of 891,774. The company has a market capitalization of $13.01 billion, a P/E ratio of 45.35, a PEG ratio of 3.58 and a beta of 0.66. The company has a quick ratio of 1.91, a current ratio of 2.02 and a debt-to-equity ratio of 1.08. The business has a 50 day moving average price of $118.30 and a 200 day moving average price of $112.15. BWX Technologies, Inc. has a fifty-two week low of $84.21 and a fifty-two week high of $145.33.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its earnings results on Monday, May 5th. The technology company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.18. BWX Technologies had a net margin of 10.39% and a return on equity of 30.26%. The business had revenue of $682.26 million for the quarter, compared to analyst estimates of $644.15 million. During the same period in the previous year, the business earned $0.76 EPS. The firm's revenue was up 13.0% on a year-over-year basis. As a group, analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.70%. BWX Technologies's payout ratio is presently 31.85%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on BWXT shares. Wall Street Zen cut BWX Technologies from a "buy" rating to a "hold" rating in a research report on Saturday. Seaport Res Ptn raised BWX Technologies to a "strong-buy" rating in a research report on Tuesday, April 1st. CLSA reiterated an "outperform" rating and set a $177.60 price target (up from $153.00) on shares of BWX Technologies in a report on Tuesday, May 27th. William Blair restated an "outperform" rating on shares of BWX Technologies in a research note on Wednesday, June 18th. Finally, Bank of America dropped their target price on shares of BWX Technologies from $160.00 to $135.00 and set a "buy" rating on the stock in a research report on Wednesday, March 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, BWX Technologies has an average rating of "Moderate Buy" and a consensus target price of $129.84.

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.