Boston Partners Sells 46,303 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Boston Partners trimmed its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 1.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,821,672 shares of the technology company’s stock after selling 46,303 shares during the quarter. Boston Partners owned 4.18% of BWX Technologies worth $273,547,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BWXT. Sunbelt Securities Inc. bought a new stake in BWX Technologies in the 1st quarter valued at $25,000. CWM LLC lifted its position in BWX Technologies by 62.3% in the 2nd quarter. CWM LLC now owns 490 shares of the technology company’s stock valued at $35,000 after acquiring an additional 188 shares in the last quarter. Lazard Asset Management LLC bought a new stake in BWX Technologies in the 1st quarter valued at $38,000. Fifth Third Bancorp lifted its position in BWX Technologies by 37.3% in the 2nd quarter. Fifth Third Bancorp now owns 710 shares of the technology company’s stock valued at $51,000 after acquiring an additional 193 shares in the last quarter. Finally, Parallel Advisors LLC lifted its position in BWX Technologies by 2,280.5% in the 1st quarter. Parallel Advisors LLC now owns 976 shares of the technology company’s stock valued at $62,000 after acquiring an additional 935 shares in the last quarter. 96.98% of the stock is owned by institutional investors.

BWX Technologies Stock Up 0.8 %

BWX Technologies stock opened at $77.01 on Friday. The firm has a market capitalization of $7.05 billion, a PE ratio of 31.56, a P/E/G ratio of 5.98 and a beta of 0.81. The company’s 50-day moving average is $75.34 and its 200-day moving average is $71.18. BWX Technologies, Inc. has a fifty-two week low of $55.47 and a fifty-two week high of $79.42. The company has a debt-to-equity ratio of 1.53, a current ratio of 2.50 and a quick ratio of 2.50.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.01. BWX Technologies had a net margin of 9.31% and a return on equity of 33.34%. The company had revenue of $589.99 million for the quarter, compared to analyst estimates of $575.47 million. During the same period in the previous year, the business earned $0.69 EPS. BWX Technologies’s revenue for the quarter was up 12.7% compared to the same quarter last year. Sell-side analysts anticipate that BWX Technologies, Inc. will post 2.95 earnings per share for the current year.

BWX Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, November 21st will be paid a $0.23 dividend. The ex-dividend date is Monday, November 20th. This represents a $0.92 dividend on an annualized basis and a yield of 1.19%. BWX Technologies’s dividend payout ratio (DPR) is currently 37.70%.

Analyst Ratings Changes

Several equities research analysts recently commented on BWXT shares. Maxim Group boosted their price objective on shares of BWX Technologies from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Monday, August 7th. Barclays lifted their price target on shares of BWX Technologies from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 8th. StockNews.com initiated coverage on shares of BWX Technologies in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. Truist Financial lifted their price target on shares of BWX Technologies from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Monday, August 14th. Finally, Robert W. Baird upgraded shares of BWX Technologies from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $61.00 to $85.00 in a research note on Friday, August 4th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $80.38.

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; undertakes fabrication activities for missile launch tubes for U.S.