Victory Capital Management Inc. decreased its position in BWX Technologies, Inc. (NYSE:BWXT – Get Rating) by 0.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 813,583 shares of the technology company’s stock after selling 589 shares during the period. Victory Capital Management Inc. owned about 0.89% of BWX Technologies worth $40,980,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of BWXT. Parkside Financial Bank & Trust boosted its stake in BWX Technologies by 43.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 654 shares of the technology company’s stock worth $36,000 after buying an additional 198 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in BWX Technologies during the 1st quarter worth approximately $38,000. Wipfli Financial Advisors LLC acquired a new position in shares of BWX Technologies in the 3rd quarter worth approximately $48,000. First Horizon Advisors Inc. grew its position in shares of BWX Technologies by 2,464.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,744 shares of the technology company’s stock worth $96,000 after acquiring an additional 1,676 shares in the last quarter. Finally, State of Alaska Department of Revenue acquired a new position in shares of BWX Technologies in the 2nd quarter worth approximately $106,000. Institutional investors and hedge funds own 99.33% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have weighed in on the company. Credit Suisse Group assumed coverage on BWX Technologies in a research note on Tuesday, October 11th. They set an “outperform” rating and a $65.00 target price on the stock. Barclays raised BWX Technologies from an “underweight” rating to an “equal weight” rating and set a $64.00 target price on the stock in a research report on Thursday, December 8th. Maxim Group lifted their price target on BWX Technologies from $65.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, November 29th. Finally, StockNews.com downgraded BWX Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 11th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $66.00.
BWX Technologies Stock Performance
BWX Technologies (NYSE:BWXT – Get Rating) last released its quarterly earnings results on Monday, November 7th. The technology company reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.03). BWX Technologies had a net margin of 14.18% and a return on equity of 42.67%. The firm had revenue of $523.70 million during the quarter, compared to analyst estimates of $527.22 million. Equities research analysts forecast that BWX Technologies, Inc. will post 3.12 EPS for the current year.
BWX Technologies Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, December 13th. Stockholders of record on Monday, November 21st were paid a $0.22 dividend. The ex-dividend date was Friday, November 18th. This represents a $0.88 annualized dividend and a dividend yield of 1.56%. BWX Technologies’s payout ratio is 25.96%.
About BWX Technologies
BWX Technologies, Inc manufactures and sells nuclear components in the United States, Canada, and internationally. It operates in three segments: Nuclear Operations Group, Nuclear Power Group, and Nuclear Services Group. The Nuclear Operations Group segment provides precision naval and critical nuclear components, reactors, nuclear fuel, and assemblies for the United States Department of Energy/National Nuclear Security Administration's Naval Nuclear Propulsion Program and other uses; missile launch tubes for United States Navy submarines; close-tolerance and equipment for nuclear applications; and converts Cold War-era government stockpiles of high-enriched uranium, as well as receives, stores, characterizes, dissolves, recovers, and purifies uranium-bearing materials; supplies research reactor fuel elements for colleges, universities, and national laboratories; and components for defense applications.
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