BWX Technologies, Inc. (NYSE:BWXT) Position Cut by Boston Partners

Boston Partners trimmed its stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 31.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,611,993 shares of the technology company's stock after selling 1,182,346 shares during the quarter. Boston Partners owned approximately 2.85% of BWX Technologies worth $200,442,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in BWXT. Benjamin F. Edwards & Company Inc. bought a new stake in shares of BWX Technologies during the fourth quarter valued at about $25,000. SRS Capital Advisors Inc. raised its stake in shares of BWX Technologies by 322.1% during the fourth quarter. SRS Capital Advisors Inc. now owns 553 shares of the technology company's stock valued at $42,000 after purchasing an additional 422 shares in the last quarter. Fortis Group Advisors LLC bought a new stake in shares of BWX Technologies during the third quarter valued at about $46,000. Millburn Ridgefield Corp bought a new stake in shares of BWX Technologies during the third quarter valued at about $50,000. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of BWX Technologies during the third quarter valued at about $50,000. 94.39% of the stock is currently owned by institutional investors.

BWX Technologies Trading Down 1.3 %

BWXT traded down $1.21 during trading on Monday, reaching $88.69. The company had a trading volume of 563,650 shares, compared to its average volume of 622,722. The firm's 50-day simple moving average is $97.72 and its 200 day simple moving average is $86.70. The company has a market cap of $8.11 billion, a price-to-earnings ratio of 32.02, a PEG ratio of 2.86 and a beta of 0.75. BWX Technologies, Inc. has a 12-month low of $60.17 and a 12-month high of $107.18. The company has a debt-to-equity ratio of 1.29, a quick ratio of 2.24 and a current ratio of 2.24.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its quarterly earnings results on Monday, May 6th. The technology company reported $0.76 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.09. BWX Technologies had a return on equity of 31.57% and a net margin of 10.00%. The firm had revenue of $603.97 million for the quarter, compared to analysts' expectations of $599.92 million. During the same quarter last year, the business posted $0.70 EPS. BWX Technologies's revenue was up 6.3% on a year-over-year basis. Equities research analysts anticipate that BWX Technologies, Inc. will post 3.17 earnings per share for the current year.

BWX Technologies Dividend Announcement

The firm 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 dividend of $0.24 per share. The ex-dividend date is Thursday, May 16th. This represents a $0.96 annualized dividend and a yield of 1.08%. BWX Technologies's dividend payout ratio (DPR) is presently 34.66%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on BWXT shares. StockNews.com upgraded shares of BWX Technologies from a "hold" rating to a "buy" rating in a research note on Wednesday, May 8th. Truist Financial reaffirmed a "hold" rating and set a $95.00 target price (down from $110.00) on shares of BWX Technologies in a report on Monday, March 25th. Bank of America lifted their target price on BWX Technologies from $82.00 to $115.00 and gave the stock a "buy" rating in a report on Thursday, March 28th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on BWX Technologies from $111.00 to $110.00 and set a "buy" rating on the stock in a report on Tuesday, May 7th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, BWX Technologies currently has an average rating of "Moderate Buy" and an average target price of $92.43.

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.

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