Cooke & Bieler LP Has $102.54 Million Stock Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Cooke & Bieler LP reduced its position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 11.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,336,320 shares of the technology company's stock after selling 165,855 shares during the period. Cooke & Bieler LP owned about 1.46% of BWX Technologies worth $102,536,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Sunbelt Securities Inc. purchased a new position in shares of BWX Technologies in the first quarter worth approximately $25,000. Fortis Group Advisors LLC purchased a new position in shares of BWX Technologies in the third quarter worth approximately $46,000. Millburn Ridgefield Corp purchased a new position in shares of BWX Technologies in the third quarter worth approximately $50,000. Catalyst Capital Advisors LLC purchased a new position in BWX Technologies during the third quarter valued at approximately $50,000. Finally, Lazard Asset Management LLC purchased a new position in BWX Technologies during the first quarter valued at approximately $38,000. 94.39% of the stock is owned by hedge funds and other institutional investors.

BWX Technologies Stock Down 2.0 %

BWXT stock traded down $1.88 during trading hours on Friday, hitting $91.60. The company's stock had a trading volume of 620,736 shares, compared to its average volume of 630,314. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $8.37 billion, a PE ratio of 34.05, a price-to-earnings-growth ratio of 2.92 and a beta of 0.73. BWX Technologies, Inc. has a 12 month low of $60.17 and a 12 month high of $107.18. The stock has a 50 day moving average price of $97.09 and a two-hundred day moving average price of $84.79.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its earnings results on Tuesday, February 27th. The technology company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.94 by $0.07. The company had revenue of $725.52 million during the quarter, compared to the consensus estimate of $659.42 million. BWX Technologies had a net margin of 9.85% and a return on equity of 32.38%. The company's revenue for the quarter was up 16.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.93 earnings per share. On average, equities research analysts expect that BWX Technologies, Inc. will post 3.14 earnings per share for the current year.

BWX Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Monday, March 11th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.05%. This is a boost from BWX Technologies's previous quarterly dividend of $0.23. The ex-dividend date was Friday, March 8th. BWX Technologies's payout ratio is presently 35.69%.

Analysts Set New Price Targets

A number of brokerages recently commented on BWXT. Bank of America boosted their price objective on shares of BWX Technologies from $82.00 to $115.00 and gave the company a "buy" rating in a research report on Thursday, March 28th. Truist Financial reaffirmed a "hold" rating and set a $95.00 price objective (down from $110.00) on shares of BWX Technologies in a research report on Monday, March 25th. Finally, StockNews.com downgraded shares of BWX Technologies from a "buy" rating to a "hold" rating in a research report on Tuesday, March 12th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, BWX Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $89.00.

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.