BWX Technologies, Inc. (NYSE:BWXT) Shares Sold by Mawer Investment Management Ltd.

Key Points

• Mawer Investment Management Ltd. has reduced its holdings in BWX Technologies, Inc. by 3.0%, now owning approximately $76.84 million worth of shares.
• BWX Technologies recently reported quarterly earnings of $0.91 per share, surpassing analysts' expectations and demonstrating a year-over-year revenue increase of 13.0%.
• The company has declared a quarterly dividend of $0.25, representing an annualized yield of 0.67% and a payout ratio of 31.85%.

Mawer Investment Management Ltd. lowered its stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 3.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 778,951 shares of the technology company's stock after selling 24,213 shares during the quarter. Mawer Investment Management Ltd. owned about 0.85% of BWX Technologies worth $76,844,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Vontobel Holding Ltd. acquired a new stake in BWX Technologies in the first quarter worth about $383,000. Synergy Asset Management LLC acquired a new stake in BWX Technologies in the first quarter worth about $296,000. Clear Creek Financial Management LLC acquired a new stake in BWX Technologies in the first quarter worth about $223,000. Artemis Investment Management LLP acquired a new stake in BWX Technologies in the first quarter worth about $19,331,000. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in BWX Technologies by 343.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 33,063 shares of the technology company's stock worth $3,262,000 after acquiring an additional 25,615 shares in the last quarter. Institutional investors own 94.39% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on BWXT shares. William Blair reissued an "outperform" rating on shares of BWX Technologies in a report on Wednesday, June 18th. Wall Street Zen upgraded BWX Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. Maxim Group reduced their price objective on BWX Technologies from $140.00 to $136.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $150.00 price objective (up from $119.00) on shares of BWX Technologies in a research note on Tuesday, July 8th. Finally, CLSA restated an "outperform" rating and issued a $177.60 price objective (up from $153.00) on shares of BWX Technologies in a research note on Tuesday, May 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, BWX Technologies has an average rating of "Moderate Buy" and a consensus target price of $137.94.

BWX Technologies Stock Performance

BWXT stock traded down $2.28 during trading on Friday, hitting $149.65. 983,326 shares of the company traded hands, compared to its average volume of 1,091,242. The stock's 50-day simple moving average is $138.10 and its 200 day simple moving average is $117.50. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.02 and a quick ratio of 1.91. The company has a market cap of $13.67 billion, a PE ratio of 47.72, a P/E/G ratio of 3.85 and a beta of 0.70. BWX Technologies, Inc. has a 1 year low of $84.21 and a 1 year high of $153.53.

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

BWX Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were given 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 0.7%. BWX Technologies's payout ratio is 31.85%.

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.