Teacher Retirement System of Texas Trims Stock Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Teacher Retirement System of Texas reduced its stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 6.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 30,967 shares of the technology company's stock after selling 2,278 shares during the quarter. Teacher Retirement System of Texas' holdings in BWX Technologies were worth $3,055,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BWXT. Synergy Asset Management LLC acquired a new position in shares of BWX Technologies during the first quarter worth approximately $296,000. Clear Creek Financial Management LLC acquired a new position in shares of BWX Technologies during the first quarter worth approximately $223,000. Artemis Investment Management LLP acquired a new position in shares of BWX Technologies during the first quarter worth approximately $19,331,000. Vontobel Holding Ltd. acquired a new position in shares of BWX Technologies during the first quarter worth approximately $383,000. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of BWX Technologies by 343.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 33,063 shares of the technology company's stock worth $3,262,000 after buying an additional 25,615 shares during the last quarter. 94.39% of the stock is currently owned by institutional investors and hedge funds.

BWX Technologies Price Performance

NYSE:BWXT traded up $0.15 on Wednesday, hitting $137.52. The company had a trading volume of 792,170 shares, compared to its average volume of 923,124. The stock has a market capitalization of $12.56 billion, a price-to-earnings ratio of 43.80, a PEG ratio of 3.62 and a beta of 0.70. The company has a current ratio of 2.02, a quick ratio of 1.91 and a debt-to-equity ratio of 1.08. The firm has a 50 day moving average of $126.51 and a two-hundred day moving average of $113.99. BWX Technologies, Inc. has a 52 week low of $84.21 and a 52 week high of $145.33.

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 (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $644.15 million. During the same period in the prior year, the company posted $0.76 EPS. The company's revenue was up 13.0% on a year-over-year basis. On average, research analysts anticipate that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend was Monday, May 19th. BWX Technologies's dividend payout ratio (DPR) is 31.85%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $150.00 price target (up from $119.00) on shares of BWX Technologies in a report on Tuesday. CLSA reaffirmed an "outperform" rating and set a $177.60 price objective (up from $153.00) on shares of BWX Technologies in a research note on Tuesday, May 27th. William Blair reissued an "outperform" rating on shares of BWX Technologies in a research note on Wednesday, June 18th. Seaport Res Ptn raised shares of BWX Technologies to a "strong-buy" rating in a research note on Tuesday, April 1st. Finally, Maxim Group reduced their price objective on shares of BWX Technologies from $140.00 to $136.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five 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 a consensus rating of "Moderate Buy" and a consensus price target of $137.94.

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.