Moody Aldrich Partners LLC Sells 3,171 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Moody Aldrich Partners LLC lowered its stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 58.9% 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 2,216 shares of the technology company's stock after selling 3,171 shares during the quarter. Moody Aldrich Partners LLC's holdings in BWX Technologies were worth $219,000 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. Ameriflex Group Inc. bought a new stake in BWX Technologies during the fourth quarter valued at about $34,000. MassMutual Private Wealth & Trust FSB boosted its position in BWX Technologies by 200.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 354 shares of the technology company's stock valued at $35,000 after purchasing an additional 236 shares in the last quarter. Vermillion Wealth Management Inc. bought a new stake in BWX Technologies during the fourth quarter valued at about $40,000. Farther Finance Advisors LLC boosted its position in BWX Technologies by 109.6% during the first quarter. Farther Finance Advisors LLC now owns 459 shares of the technology company's stock valued at $46,000 after purchasing an additional 240 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in BWX Technologies during the fourth quarter valued at about $58,000. Institutional investors own 94.39% of the company's stock.

BWX Technologies Trading Up 3.8%

Shares of NYSE:BWXT opened at $146.06 on Friday. BWX Technologies, Inc. has a 52-week low of $84.21 and a 52-week high of $145.33. The stock has a market cap of $13.34 billion, a price-to-earnings ratio of 46.52, a PEG ratio of 3.59 and a beta of 0.70. 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 $125.24 and a 200-day moving average price of $113.61.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The technology company reported $0.91 earnings per share (EPS) for the quarter, topping 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 analysts' expectations of $644.15 million. During the same period last year, the business posted $0.76 earnings per share. The company's revenue for the quarter was up 13.0% compared to the same quarter last year. Equities analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.68%. The ex-dividend date was Monday, May 19th. BWX Technologies's payout ratio is 31.85%.

Analyst Ratings Changes

BWXT has been the subject of several recent analyst reports. Seaport Res Ptn raised BWX Technologies to a "strong-buy" rating in a report on Tuesday, April 1st. William Blair reissued an "outperform" rating on shares of BWX Technologies in a report on Wednesday, June 18th. Bank of America lowered their price target on BWX Technologies from $160.00 to $135.00 and set a "buy" rating for the company in a report on Wednesday, March 26th. CLSA reissued an "outperform" rating and issued a $177.60 price target (up previously from $153.00) on shares of BWX Technologies in a report on Tuesday, May 27th. Finally, Wall Street Zen downgraded BWX Technologies from a "buy" rating to a "hold" rating in a report on Saturday, June 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, BWX Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $135.09.

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.

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