Public Employees Retirement System of Ohio Cuts Position in BWX Technologies, Inc. (NYSE:BWXT)

Public Employees Retirement System of Ohio reduced its stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 6.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,187 shares of the technology company's stock after selling 2,306 shares during the quarter. Public Employees Retirement System of Ohio's holdings in BWX Technologies were worth $3,808,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of BWXT. Barclays PLC grew its position in BWX Technologies by 59.8% in the third quarter. Barclays PLC now owns 64,525 shares of the technology company's stock worth $7,014,000 after acquiring an additional 24,149 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in BWX Technologies by 3.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 13,634 shares of the technology company's stock worth $1,519,000 after purchasing an additional 498 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of BWX Technologies by 28.5% in the 4th quarter. Blue Trust Inc. now owns 1,045 shares of the technology company's stock worth $114,000 after purchasing an additional 232 shares in the last quarter. KBC Group NV increased its position in shares of BWX Technologies by 44.9% during the 4th quarter. KBC Group NV now owns 3,661 shares of the technology company's stock valued at $408,000 after purchasing an additional 1,135 shares during the last quarter. Finally, R Squared Ltd bought a new position in shares of BWX Technologies during the 4th quarter valued at about $68,000. Hedge funds and other institutional investors own 94.39% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Maxim Group dropped their target price on BWX Technologies from $140.00 to $136.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. CLSA reiterated an "outperform" rating and issued a $177.60 target price (up previously from $153.00) on shares of BWX Technologies in a research report on Tuesday, May 27th. Seaport Res Ptn raised shares of BWX Technologies to a "strong-buy" rating in a research note on Tuesday, April 1st. William Blair started coverage on BWX Technologies in a research note on Wednesday, May 28th. They set an "outperform" rating on the stock. Finally, Bank of America lowered their target price on BWX Technologies from $160.00 to $135.00 and set a "buy" rating for the company in a research note on Wednesday, March 26th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $129.84.

Insiders Place Their Bets

In other news, SVP Robert L. Duffy sold 6,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $104.03, for a total value of $624,180.00. Following the completion of the transaction, the senior vice president now owns 3,206 shares of the company's stock, valued at approximately $333,520.18. This represents a 65.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.47% of the stock is currently owned by company insiders.

BWX Technologies Trading Up 1.9%

Shares of BWXT stock traded up $2.42 during trading hours on Tuesday, reaching $128.52. The company's stock had a trading volume of 1,231,260 shares, compared to its average volume of 834,725. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. BWX Technologies, Inc. has a one year low of $84.21 and a one year high of $136.31. The stock has a market capitalization of $11.74 billion, a P/E ratio of 42.56, a P/E/G ratio of 3.20 and a beta of 0.66. The firm's fifty day simple moving average is $107.66 and its 200 day simple moving average is $111.65.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The technology company reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.73 by $0.18. The company had revenue of $682.26 million during the quarter, compared to analyst estimates of $644.15 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The firm's revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.76 earnings per share. Equities research analysts expect that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Monday, May 19th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend is Monday, May 19th. BWX Technologies's payout ratio is 31.85%.

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.