Heartland Advisors Inc. Sells 4,803 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Key Points

• Heartland Advisors Inc. has decreased its stock position in BWX Technologies by 26.8%, selling 4,803 shares and holding 13,128 shares valued at approximately $1.3 million.
• Institutional investors collectively own 94.39% of BWX Technologies, with other significant investors like LPL Financial LLC and Vanguard Group Inc. increasing their stakes in recent quarters.
• Analysts have shown a mixed outlook on BWX Technologies, with ratings ranging from "strong buy" to "sell," while the stock currently has a consensus target price of $137.94.

Heartland Advisors Inc. cut its position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 26.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,128 shares of the technology company's stock after selling 4,803 shares during the period. Heartland Advisors Inc.'s holdings in BWX Technologies were worth $1,295,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in BWXT. LPL Financial LLC grew its position in BWX Technologies by 69.4% in the fourth quarter. LPL Financial LLC now owns 54,552 shares of the technology company's stock valued at $6,077,000 after purchasing an additional 22,340 shares in the last quarter. Vanguard Group Inc. lifted its stake in BWX Technologies by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 9,211,924 shares of the technology company's stock valued at $1,026,116,000 after acquiring an additional 202,917 shares during the last quarter. Congress Wealth Management LLC DE lifted its stake in BWX Technologies by 5.9% in 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 last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in BWX Technologies by 7.0% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 13,309 shares of the technology company's stock valued at $1,511,000 after acquiring an additional 874 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in BWX Technologies by 6.8% in the fourth quarter. JPMorgan Chase & Co. now owns 290,653 shares of the technology company's stock valued at $32,376,000 after acquiring an additional 18,382 shares during the last quarter. Institutional investors own 94.39% of the company's stock.

BWX Technologies Price Performance

Shares of BWX Technologies stock traded up $1.00 during midday trading on Wednesday, hitting $151.28. 265,238 shares of the company traded hands, compared to its average volume of 1,086,912. The stock has a market cap of $13.82 billion, a price-to-earnings ratio of 48.18, a PEG ratio of 3.79 and a beta of 0.70. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.91 and a current ratio of 2.02. The firm's fifty day moving average price is $135.52 and its 200-day moving average price is $116.76. BWX Technologies, Inc. has a 12 month low of $84.21 and a 12 month high of $151.41.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its earnings results on Monday, May 5th. The technology company reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.73 by $0.18. BWX Technologies had a net margin of 10.39% and a return on equity of 30.26%. The firm 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 firm posted $0.76 EPS. The company's revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, sell-side analysts forecast 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. Shareholders of record on Monday, May 19th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend was Monday, May 19th. BWX Technologies's payout ratio is 31.85%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $150.00 price target (up previously from $119.00) on shares of BWX Technologies in a research note on Tuesday, July 8th. Seaport Res Ptn upgraded shares of BWX Technologies to a "strong-buy" rating in a research note on Tuesday, April 1st. CLSA reiterated an "outperform" rating and issued a $177.60 price objective (up previously from $153.00) on shares of BWX Technologies in a research note on Tuesday, May 27th. Wall Street Zen upgraded shares of BWX Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. Finally, Maxim Group dropped their price objective on shares of BWX Technologies from $140.00 to $136.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, BWX Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $137.94.

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.