BWX Technologies, Inc. (NYSE:BWXT) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lessened its stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 59.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 10,724 shares of the technology company's stock after selling 16,013 shares during the period. Y Intercept Hong Kong Ltd's holdings in BWX Technologies were worth $1,058,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC grew its stake in shares of BWX Technologies by 32.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 19,626 shares of the technology company's stock worth $2,186,000 after acquiring an additional 4,766 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of BWX Technologies by 11.1% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 2,452 shares of the technology company's stock worth $273,000 after acquiring an additional 245 shares in the last quarter. LPL Financial LLC grew its stake in shares of BWX Technologies by 69.4% during the fourth quarter. LPL Financial LLC now owns 54,552 shares of the technology company's stock worth $6,077,000 after purchasing an additional 22,340 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of BWX Technologies by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 9,211,924 shares of the technology company's stock worth $1,026,116,000 after purchasing an additional 202,917 shares in the last quarter. Finally, Congress Wealth Management LLC DE grew its stake in shares of 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. Hedge funds and other institutional investors own 94.39% of the company's stock.

BWX Technologies Stock Performance

Shares of NYSE:BWXT traded up $4.04 on Friday, reaching $147.88. The company's stock had a trading volume of 1,026,203 shares, compared to its average volume of 1,007,573. The stock's 50-day moving average is $134.72 and its two-hundred day moving average is $116.48. BWX Technologies, Inc. has a 52-week low of $84.21 and a 52-week high of $148.75. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.02 and a quick ratio of 1.91. The stock has a market capitalization of $13.51 billion, a P/E ratio of 47.10, a PEG ratio of 3.63 and a beta of 0.70.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its quarterly earnings results 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. The firm had revenue of $682.26 million during the quarter, compared to analysts' expectations of $644.15 million. BWX Technologies had a net margin of 10.39% and a return on equity of 30.26%. The firm's revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.76 earnings per share. As a group, sell-side analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.00 annualized dividend and a yield of 0.68%. BWX Technologies's payout ratio is currently 31.85%.

Analyst Upgrades and Downgrades

BWXT has been the subject of a number of analyst reports. CLSA reiterated an "outperform" rating and set a $177.60 target price (up previously from $153.00) on shares of BWX Technologies in a research note on Tuesday, May 27th. Wall Street Zen upgraded shares of BWX Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. William Blair reiterated an "outperform" rating on shares of BWX Technologies in a research note on Wednesday, June 18th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $150.00 price objective (up previously from $119.00) on shares of BWX Technologies in a research note on Tuesday, July 8th. Finally, Seaport Res Ptn upgraded shares of BWX Technologies to a "strong-buy" rating in a research note on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $137.94.

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.