Mawer Investment Management Ltd. Reduces Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Mawer Investment Management Ltd. lowered its position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 2.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 962,721 shares of the technology company's stock after selling 23,080 shares during the quarter. Mawer Investment Management Ltd. owned about 1.05% of BWX Technologies worth $73,870,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Fifth Third Bancorp grew its holdings in BWX Technologies by 30.4% in the third quarter. Fifth Third Bancorp now owns 926 shares of the technology company's stock worth $69,000 after purchasing an additional 216 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in shares of BWX Technologies by 1.6% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 15,414 shares of the technology company's stock valued at $1,156,000 after buying an additional 250 shares during the period. Benjamin F. Edwards & Company Inc. bought a new stake in BWX Technologies in the 4th quarter valued at about $25,000. Cadinha & Co. LLC raised its stake in BWX Technologies by 0.3% during the 4th quarter. Cadinha & Co. LLC now owns 121,880 shares of the technology company's stock worth $9,352,000 after buying an additional 343 shares during the period. Finally, Advisor Partners II LLC boosted its holdings in BWX Technologies by 9.8% in the third quarter. Advisor Partners II LLC now owns 3,938 shares of the technology company's stock worth $295,000 after acquiring an additional 350 shares in the last quarter. 94.39% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Truist Financial reaffirmed a "hold" rating and set a $95.00 target price (down from $110.00) on shares of BWX Technologies in a research report on Monday, March 25th. StockNews.com raised shares of BWX Technologies from a "hold" rating to a "buy" rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft decreased their target price on shares of BWX Technologies from $111.00 to $110.00 and set a "buy" rating for the company in a research report on Tuesday. Finally, Bank of America raised their price target 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. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, BWX Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $92.43.

BWX Technologies Stock Up 1.1 %

NYSE:BWXT traded up $0.96 on Friday, hitting $89.90. The stock had a trading volume of 656,010 shares, compared to its average volume of 710,362. BWX Technologies, Inc. has a 1 year low of $60.17 and a 1 year high of $107.18. The firm's fifty day simple moving average is $98.03 and its two-hundred day simple moving average is $86.53. The company has a debt-to-equity ratio of 1.29, a quick ratio of 2.18 and a current ratio of 2.24. The stock has a market cap of $8.22 billion, a P/E ratio of 32.45, a price-to-earnings-growth ratio of 2.83 and a beta of 0.75.

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 analysts' consensus estimates of $0.67 by $0.09. The business had revenue of $603.97 million for the quarter, compared to analyst estimates of $599.92 million. BWX Technologies had a return on equity of 31.57% and a net margin of 10.00%. BWX Technologies's quarterly revenue was up 6.3% compared to the same quarter last year. During the same period last year, the company posted $0.70 earnings per share. Analysts predict that BWX Technologies, Inc. will post 3.17 earnings per share for the current year.

BWX Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Friday, May 17th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Thursday, May 16th. BWX Technologies's payout ratio is 34.66%.

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.