Vaughan Nelson Investment Management L.P. Has $54.78 Million Position in BWX Technologies, Inc. (NYSE:BWXT)

Vaughan Nelson Investment Management L.P. increased its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 13.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 555,300 shares of the technology company's stock after purchasing an additional 67,670 shares during the period. Vaughan Nelson Investment Management L.P. owned 0.61% of BWX Technologies worth $54,782,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in BWXT. Principal Securities Inc. lifted its position in shares of BWX Technologies by 40.4% during the fourth quarter. Principal Securities Inc. now owns 316 shares of the technology company's stock worth $35,000 after purchasing an additional 91 shares during the last quarter. Utah Retirement Systems raised its holdings in BWX Technologies by 2.1% during the fourth quarter. Utah Retirement Systems now owns 4,900 shares of the technology company's stock worth $546,000 after purchasing an additional 100 shares in the last quarter. V Square Quantitative Management LLC raised its holdings in BWX Technologies by 40.5% during the fourth quarter. V Square Quantitative Management LLC now owns 406 shares of the technology company's stock worth $45,000 after purchasing an additional 117 shares in the last quarter. Gateway Investment Advisers LLC raised its holdings in BWX Technologies by 6.0% during the first quarter. Gateway Investment Advisers LLC now owns 2,154 shares of the technology company's stock worth $212,000 after purchasing an additional 121 shares in the last quarter. Finally, Congress Wealth Management LLC DE raised its holdings in BWX Technologies by 5.9% during the fourth quarter. Congress Wealth Management LLC DE now owns 2,249 shares of the technology company's stock worth $251,000 after purchasing an additional 125 shares in the last quarter. 94.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BWXT. William Blair began coverage on BWX Technologies in a report on Wednesday, May 28th. They set an "outperform" rating on the stock. Seaport Res Ptn raised BWX Technologies to a "strong-buy" rating in a report on Tuesday, April 1st. Bank of America dropped their price target on BWX Technologies from $160.00 to $135.00 and set a "buy" rating on the stock in a report on Wednesday, March 26th. CLSA reaffirmed 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, Maxim Group dropped their price target on BWX Technologies from $140.00 to $136.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $129.84.

BWX Technologies Stock Up 0.2%

NYSE:BWXT traded up $0.22 during trading hours on Friday, reaching $138.00. The company's stock had a trading volume of 1,150,524 shares, compared to its average volume of 863,080. The company has a market cap of $12.61 billion, a price-to-earnings ratio of 45.69, a price-to-earnings-growth ratio of 3.20 and a beta of 0.66. BWX Technologies, Inc. has a one year low of $84.21 and a one year high of $139.54. The business's 50-day moving average is $113.59 and its 200-day moving average is $111.77. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25.

BWX Technologies (NYSE:BWXT - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The technology company reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.73 by $0.18. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The company 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 earned $0.76 earnings per share. The business's quarterly revenue was up 13.0% compared to the same quarter last year. Equities research analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend was Monday, May 19th. BWX Technologies's dividend payout ratio is currently 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.