Bridges Investment Management Inc. Has $16.56 Million Stake in BWX Technologies, Inc. (NYSE:BWXT)

Bridges Investment Management Inc. reduced its stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 17.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 215,829 shares of the technology company's stock after selling 47,064 shares during the quarter. Bridges Investment Management Inc. owned 0.24% of BWX Technologies worth $16,561,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BWXT. JPMorgan Chase & Co. lifted its stake in BWX Technologies by 23.7% during the 1st quarter. JPMorgan Chase & Co. now owns 170,652 shares of the technology company's stock worth $9,191,000 after acquiring an additional 32,688 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of BWX Technologies in the 1st quarter valued at approximately $207,000. American Century Companies Inc. raised its holdings in BWX Technologies by 14.8% during the first quarter. American Century Companies Inc. now owns 14,741 shares of the technology company's stock worth $794,000 after purchasing an additional 1,902 shares during the last quarter. HighTower Advisors LLC acquired a new position in BWX Technologies during the first quarter worth $209,000. Finally, MetLife Investment Management LLC acquired a new position in BWX Technologies during the first quarter worth $266,000. 94.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on BWXT. Truist Financial reiterated a "hold" rating and issued a $95.00 price target (down previously from $110.00) on shares of BWX Technologies in a research note on Monday, March 25th. Bank of America upped their price target on shares of BWX Technologies from $82.00 to $115.00 and gave the stock a "buy" rating in a research note on Thursday, March 28th. Finally, StockNews.com cut shares of BWX Technologies from a "buy" rating to a "hold" rating in a report on Tuesday, March 12th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $89.00.

BWX Technologies Stock Performance

BWX Technologies stock traded up $0.47 during mid-day trading on Thursday, hitting $101.15. 677,676 shares of the company's stock traded hands, compared to its average volume of 589,555. The firm has a 50 day moving average price of $94.38 and a 200 day moving average price of $83.03. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 1.29. BWX Technologies, Inc. has a one year low of $60.17 and a one year high of $107.18. The company has a market cap of $9.25 billion, a PE ratio of 37.60, a price-to-earnings-growth ratio of 3.24 and a beta of 0.73.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its quarterly earnings results on Tuesday, February 27th. The technology company reported $1.01 earnings per share for the quarter, topping analysts' consensus estimates of $0.94 by $0.07. The firm had revenue of $725.52 million for 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.93 earnings per share. On average, equities analysts forecast that BWX Technologies, Inc. will post 3.14 EPS for the current year.

BWX Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Monday, March 11th were given a $0.24 dividend. This is an increase from BWX Technologies's previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date was Friday, March 8th. BWX Technologies's payout ratio is currently 35.69%.

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.