Copeland Capital Management LLC Lowers Stock Position in BWX Technologies, Inc. (NYSE:BWXT)

Copeland Capital Management LLC lessened its position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 990,971 shares of the technology company's stock after selling 26,506 shares during the period. BWX Technologies comprises 1.5% of Copeland Capital Management LLC's portfolio, making the stock its 17th largest holding. Copeland Capital Management LLC owned approximately 1.08% of BWX Technologies worth $76,037,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Pacer Advisors Inc. raised its stake in BWX Technologies by 118.1% during the fourth quarter. Pacer Advisors Inc. now owns 16,798 shares of the technology company's stock worth $1,289,000 after purchasing an additional 9,095 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in BWX Technologies by 38.1% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 21,293 shares of the technology company's stock valued at $1,634,000 after acquiring an additional 5,879 shares during the last quarter. Raymond James & Associates boosted its holdings in BWX Technologies by 4.2% in the fourth quarter. Raymond James & Associates now owns 368,827 shares of the technology company's stock valued at $28,300,000 after acquiring an additional 14,973 shares during the last quarter. Legato Capital Management LLC boosted its holdings in BWX Technologies by 29.8% in the fourth quarter. Legato Capital Management LLC now owns 27,367 shares of the technology company's stock valued at $2,100,000 after acquiring an additional 6,286 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in BWX Technologies by 11.7% in the fourth quarter. SG Americas Securities LLC now owns 7,772 shares of the technology company's stock valued at $596,000 after acquiring an additional 814 shares during the last quarter. Institutional investors and hedge funds own 94.39% of the company's stock.

BWX Technologies Stock Up 0.7 %

NYSE:BWXT traded up $0.69 during mid-day trading on Friday, hitting $102.62. The company had a trading volume of 675,683 shares, compared to its average volume of 705,852. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 1.29. The business has a fifty day simple moving average of $92.75 and a 200-day simple moving average of $82.40. The firm has a market capitalization of $9.38 billion, a price-to-earnings ratio of 38.15, a PEG ratio of 3.93 and a beta of 0.73. BWX Technologies, Inc. has a 1 year low of $60.17 and a 1 year high of $107.18.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its quarterly earnings data on Tuesday, February 27th. The technology company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.07. The business had revenue of $725.52 million during the quarter, compared to the consensus estimate of $659.42 million. BWX Technologies had a return on equity of 32.38% and a net margin of 9.85%. The business's revenue was up 16.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.93 earnings per share. Equities analysts forecast that BWX Technologies, Inc. will post 3.13 earnings per share for the current fiscal year.

BWX Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Monday, March 11th were given a dividend of $0.24 per share. The ex-dividend date was Friday, March 8th. This is an increase from BWX Technologies's previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 0.94%. BWX Technologies's payout ratio is currently 35.69%.

Analyst Ratings Changes

A number of research analysts recently weighed in on BWXT shares. StockNews.com cut BWX Technologies from a "buy" rating to a "hold" rating in a report on Tuesday, March 12th. Bank of America lifted their target price on BWX Technologies from $82.00 to $115.00 and gave the company a "buy" rating in a report on Thursday. Finally, Truist Financial reiterated a "hold" rating and issued a $95.00 target price (down previously from $110.00) on shares of BWX Technologies in a report on Monday, March 25th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $89.00.

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.