Anchor Capital Advisors LLC Sells 44,437 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Anchor Capital Advisors LLC cut its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 6.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 664,740 shares of the technology company's stock after selling 44,437 shares during the quarter. BWX Technologies accounts for 1.3% of Anchor Capital Advisors LLC's holdings, making the stock its 26th largest position. Anchor Capital Advisors LLC owned 0.73% of BWX Technologies worth $51,005,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Invesco Ltd. boosted its position in shares of BWX Technologies by 16.6% during the 3rd quarter. Invesco Ltd. now owns 2,027,376 shares of the technology company's stock worth $152,013,000 after acquiring an additional 288,287 shares in the last quarter. Loomis Sayles & Co. L P acquired a new stake in shares of BWX Technologies in the 3rd quarter valued at $17,295,000. Premier Fund Managers Ltd acquired a new stake in shares of BWX Technologies in the 3rd quarter valued at $8,180,000. Jennison Associates LLC increased its stake in shares of BWX Technologies by 96.6% in the 3rd quarter. Jennison Associates LLC now owns 200,080 shares of the technology company's stock valued at $15,002,000 after purchasing an additional 98,335 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of BWX Technologies by 42.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 280,437 shares of the technology company's stock worth $21,027,000 after buying an additional 83,747 shares in the last quarter. 94.39% of the stock is currently owned by institutional investors and hedge funds.

BWX Technologies Trading Up 1.0 %

Shares of BWX Technologies stock traded up $1.00 during trading on Monday, hitting $96.99. The company's stock had a trading volume of 652,459 shares, compared to its average volume of 604,959. The stock has a market cap of $8.87 billion, a price-to-earnings ratio of 36.06, a price-to-earnings-growth ratio of 3.06 and a beta of 0.73. BWX Technologies, Inc. has a 52 week low of $60.17 and a 52 week high of $107.18. The stock has a 50-day moving average price of $97.89 and a two-hundred day moving average price of $85.43. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.18 and a quick ratio of 2.18.

BWX Technologies (NYSE:BWXT - Get Free Report) last released its quarterly earnings results on Tuesday, February 27th. The technology company reported $1.01 EPS for the quarter, beating analysts' consensus estimates of $0.94 by $0.07. The firm had revenue of $725.52 million for the quarter, compared to analyst estimates 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 quarter in the previous year, the company posted $0.93 EPS. Equities research analysts anticipate that BWX Technologies, Inc. will post 3.14 EPS for the current fiscal year.

BWX Technologies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Monday, March 11th were issued a dividend of $0.24 per share. This is a positive change from BWX Technologies's previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.96 annualized dividend and a yield of 0.99%. BWX Technologies's dividend payout ratio (DPR) is presently 35.69%.

Analysts Set New Price Targets

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

BWX Technologies Company 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.