BWX Technologies, Inc. $BWXT Shares Sold by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. lowered its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 3.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 663,204 shares of the technology company’s stock after selling 26,546 shares during the quarter. Mawer Investment Management Ltd. owned 0.72% of BWX Technologies worth $90,859,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in BWX Technologies in the second quarter worth $2,359,895,000. First Trust Advisors LP increased its stake in BWX Technologies by 12.2% in the first quarter. First Trust Advisors LP now owns 1,391,079 shares of the technology company’s stock valued at $284,462,000 after acquiring an additional 151,580 shares during the last quarter. Bank of New York Mellon Corp increased its stake in BWX Technologies by 8.4% in the first quarter. Bank of New York Mellon Corp now owns 1,283,997 shares of the technology company’s stock valued at $262,565,000 after acquiring an additional 99,053 shares during the last quarter. Bank of America Corp DE purchased a new stake in BWX Technologies during the second quarter valued at about $202,020,000. Finally, William Blair Investment Management LLC purchased a new stake in BWX Technologies during the second quarter valued at about $183,211,000. Hedge funds and other institutional investors own 94.39% of the company’s stock.

BWX Technologies Trading Down 0.8%

BWX Technologies stock traded down $1.01 during mid-day trading on Friday, hitting $122.98. The company’s stock had a trading volume of 780,093 shares, compared to its average volume of 1,284,404. The business has a 50 day moving average price of $137.48 and a 200-day moving average price of $180.56. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.88 and a quick ratio of 1.84. BWX Technologies, Inc. has a 12 month low of $112.54 and a 12 month high of $241.82. The stock has a market cap of $11.27 billion, a price-to-earnings ratio of 30.14, a price-to-earnings-growth ratio of 1.83 and a beta of 0.75.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings data on Monday, November 2nd. The technology company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.07. The firm had revenue of $952.97 million for the quarter, compared to analysts’ expectations of $970.52 million. BWX Technologies had a return on equity of 31.65% and a net margin of 10.41%. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period last year, the firm earned $1.00 earnings per share. As a group, analysts forecast that BWX Technologies, Inc. will post 4.76 EPS for the current year.

BWX Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Thursday, November 19th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.9%. The ex-dividend date is Thursday, November 19th. BWX Technologies’s dividend payout ratio (DPR) is presently 26.47%.

Analysts Set New Price Targets

BWXT has been the subject of a number of research reports. Wall Street Zen cut BWX Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. BNP Paribas Exane reduced their price objective on BWX Technologies from $190.00 to $165.00 and set a “neutral” rating on the stock in a research report on Thursday, September 24th. Truist Financial decreased their price objective on BWX Technologies from $202.00 to $182.00 and set a “hold” rating on the stock in a report on Tuesday, October 6th. Weiss Ratings cut BWX Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, August 26th. Finally, BTIG Research restated a “buy” rating and issued a $235.00 target price on shares of BWX Technologies in a research report on Wednesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $205.00.

About BWX Technologies

BWX Technologies, Inc. (NYSE: BWXT) is a supplier of nuclear components, fuel and services for government and commercial customers. Its work includes designing and manufacturing nuclear reactors and related equipment for the U.S. Navy’s nuclear-powered fleet, as well as providing engineering, maintenance and other services to government nuclear programs. Through its commercial operations, BWXT supplies components and services for nuclear power plants and supports activities such as nuclear facility decommissioning and waste management.