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

Victory Capital Management Inc. reduced its holdings in BWX Technologies, Inc. (NYSE:BWXT) by 7.4% during the fourth quarter, according to its most recent 13F filing with the Securities & 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 0.32% of BWX Technologies worth $22,616,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Van ECK Associates Corp raised its position in shares of BWX Technologies by 32.5% during the 4th quarter. Van ECK Associates Corp now owns 181,169 shares of the technology company’s stock valued at $13,901,000 after buying an additional 44,388 shares in the last quarter. Retirement Systems of Alabama lifted its stake in BWX Technologies by 0.3% during the fourth quarter. Retirement Systems of Alabama now owns 114,557 shares of the technology company’s stock worth $8,790,000 after purchasing an additional 352 shares during the last quarter. Truist Financial Corp boosted its holdings in shares of BWX Technologies by 10.0% in the 4th quarter. Truist Financial Corp now owns 5,440 shares of the technology company’s stock worth $417,000 after purchasing an additional 496 shares in the last quarter. Bahl & Gaynor Inc. increased its position in shares of BWX Technologies by 19.4% during the 4th quarter. Bahl & Gaynor Inc. now owns 30,959 shares of the technology company’s stock valued at $2,375,000 after purchasing an additional 5,039 shares during the last quarter. Finally, Wolverine Asset Management LLC increased its position in shares of BWX Technologies by 171.4% during the 4th quarter. Wolverine Asset Management LLC now owns 19,000 shares of the technology company’s stock valued at $1,458,000 after purchasing an additional 12,000 shares during the last quarter. Hedge funds and other institutional investors own 94.39% of the company’s stock.

BWX Technologies Trading Up 1.2 %

Shares of BWXT opened at $88.08 on Thursday. The stock has a market capitalization of $8.05 billion, a P/E ratio of 31.80, a PEG ratio of 3.10 and a beta of 0.75. BWX Technologies, Inc. has a twelve month low of $60.17 and a twelve month high of $107.18. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 1.29. The firm has a fifty day simple moving average of $98.52 and a two-hundred day simple moving average of $86.33.

BWX Technologies (NYSE:BWXT) last posted its 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 net margin of 9.85% and a return on equity of 32.38%. The company had revenue of $603.97 million during the quarter, compared to analyst estimates of $599.92 million. During the same period in the prior year, the business posted $0.70 earnings per share. BWX Technologies’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, research analysts anticipate that BWX Technologies, Inc. will post 3.14 EPS for the current year.

BWX Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Friday, May 17th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.96 annualized dividend and a yield of 1.09%. BWX Technologies’s dividend payout ratio (DPR) is presently 34.66%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. StockNews.com raised BWX Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday. Truist Financial reaffirmed a “hold” rating and issued a $95.00 price objective (down previously from $110.00) on shares of BWX Technologies in a research note on Monday, March 25th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of BWX Technologies from $111.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Bank of America boosted their price target on shares of BWX Technologies from $82.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.43.

BWX Technologies 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.