Victory Capital Management Inc. Sells 23,726 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Victory Capital Management Inc. trimmed its position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 7.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 294,754 shares of the technology company's stock after selling 23,726 shares during the quarter. Victory Capital Management Inc. owned approximately 0.32% of BWX Technologies worth $22,616,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Fortis Group Advisors LLC bought a new position in shares of BWX Technologies during the third quarter valued at approximately $46,000. Millburn Ridgefield Corp acquired a new stake in BWX Technologies in the third quarter worth $50,000. Catalyst Capital Advisors LLC bought a new stake in BWX Technologies in the third quarter valued at $50,000. Harvest Fund Management Co. Ltd acquired a new position in shares of BWX Technologies during the third quarter valued at $62,000. Finally, Fifth Third Bancorp grew its position in shares of BWX Technologies by 30.4% during the third quarter. Fifth Third Bancorp now owns 926 shares of the technology company's stock worth $69,000 after acquiring an additional 216 shares during the last quarter. 94.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Truist Financial reiterated a "hold" rating and issued a $95.00 price objective (down from $110.00) on shares of BWX Technologies in a research report on Monday, March 25th. Bank of America boosted their price objective on BWX Technologies from $82.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday, March 28th. StockNews.com upgraded BWX Technologies from a "hold" rating to a "buy" rating in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on BWX Technologies from $111.00 to $110.00 and set a "buy" rating for the company in a research report on Tuesday. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, BWX Technologies has an average rating of "Moderate Buy" and an average price target of $92.43.

BWX Technologies Price Performance

NYSE BWXT traded up $0.85 on Thursday, reaching $88.92. 566,915 shares of the stock traded hands, compared to its average volume of 621,936. BWX Technologies, Inc. has a 12 month low of $60.17 and a 12 month high of $107.18. The company has a market cap of $8.13 billion, a price-to-earnings ratio of 31.80, a P/E/G ratio of 3.10 and a beta of 0.75. The firm's fifty day simple moving average is $98.52 and its 200 day simple moving average is $86.33. 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 (NYSE:BWXT - Get Free Report) last issued its quarterly earnings results on Monday, May 6th. The technology company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.67 by $0.09. The firm had revenue of $603.97 million for the quarter, compared to analysts' expectations of $599.92 million. BWX Technologies had a net margin of 9.85% and a return on equity of 32.38%. BWX Technologies's revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.70 earnings per share. As a group, research analysts predict that BWX Technologies, Inc. will post 3.14 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Friday, May 17th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.08%. The ex-dividend date is Thursday, May 16th. BWX Technologies's dividend payout ratio is 34.66%.

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.