Rhumbline Advisers Sells 2,358 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Rhumbline Advisers trimmed its stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 1.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 242,924 shares of the technology company's stock after selling 2,358 shares during the period. Rhumbline Advisers owned about 0.27% of BWX Technologies worth $23,964,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Principal Securities Inc. grew its holdings in BWX Technologies by 40.4% during the 4th quarter. Principal Securities Inc. now owns 316 shares of the technology company's stock worth $35,000 after acquiring an additional 91 shares during the period. Louisiana State Employees Retirement System grew its holdings in BWX Technologies by 0.4% during the 4th quarter. Louisiana State Employees Retirement System now owns 25,400 shares of the technology company's stock worth $2,829,000 after acquiring an additional 100 shares during the period. Utah Retirement Systems grew its holdings in BWX Technologies by 2.1% during 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. V Square Quantitative Management LLC grew its holdings in BWX Technologies by 40.5% during the 4th quarter. V Square Quantitative Management LLC now owns 406 shares of the technology company's stock worth $45,000 after acquiring an additional 117 shares during the period. Finally, Congress Wealth Management LLC DE grew its holdings in BWX Technologies by 5.9% during the 4th quarter. Congress Wealth Management LLC DE now owns 2,249 shares of the technology company's stock worth $251,000 after acquiring an additional 125 shares during the period. 94.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on BWXT shares. Bank of America decreased 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. William Blair started coverage on BWX Technologies in a report on Wednesday, May 28th. They set an "outperform" rating for the company. 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. Seaport Res Ptn upgraded BWX Technologies to a "strong-buy" rating in a report on Tuesday, April 1st. Finally, Maxim Group decreased their price target on BWX Technologies from $140.00 to $136.00 and set a "buy" rating for the company in a report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $129.84.

BWX Technologies Stock Up 0.7%

Shares of BWXT traded up $0.90 during trading hours on Friday, hitting $129.84. The stock had a trading volume of 730,648 shares, compared to its average volume of 838,439. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. The firm has a 50 day simple moving average of $109.45 and a 200-day simple moving average of $111.78. The firm has a market capitalization of $11.86 billion, a P/E ratio of 42.99, a price-to-earnings-growth ratio of 3.20 and a beta of 0.66. BWX Technologies, Inc. has a 1-year low of $84.21 and a 1-year high of $136.31.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its quarterly 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 10.32% and a return on equity of 31.95%. The business had revenue of $682.26 million for the quarter, compared to analysts' expectations of $644.15 million. During the same quarter last year, the firm earned $0.76 EPS. The firm's revenue for the quarter was up 13.0% compared to the same quarter last year. Sell-side analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.00 annualized dividend and a yield of 0.77%. 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.