BWX Technologies, Inc. (NYSE:BWXT) Holdings Decreased by Brown Advisory Inc.

Brown Advisory Inc. trimmed its position in BWX Technologies, Inc. (NYSE:BWXT) by 3.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,207 shares of the technology company’s stock after selling 505 shares during the quarter. Brown Advisory Inc.’s holdings in BWX Technologies were worth $1,402,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Envestnet Asset Management Inc. increased its holdings in shares of BWX Technologies by 3.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 252,887 shares of the technology company’s stock valued at $24,947,000 after acquiring an additional 7,255 shares during the last quarter. Minneapolis Portfolio Management Group LLC boosted its position in BWX Technologies by 37.4% during the 1st quarter. Minneapolis Portfolio Management Group LLC now owns 241,985 shares of the technology company’s stock valued at $23,872,000 after purchasing an additional 65,885 shares during the period. Compass Wealth Management LLC boosted its position in BWX Technologies by 13.9% during the 1st quarter. Compass Wealth Management LLC now owns 31,435 shares of the technology company’s stock valued at $3,101,000 after purchasing an additional 3,830 shares during the period. Concurrent Investment Advisors LLC boosted its position in BWX Technologies by 20.6% during the 1st quarter. Concurrent Investment Advisors LLC now owns 6,381 shares of the technology company’s stock valued at $630,000 after purchasing an additional 1,088 shares during the period. Finally, OneDigital Investment Advisors LLC boosted its position in BWX Technologies by 15.6% during the 1st quarter. OneDigital Investment Advisors LLC now owns 62,577 shares of the technology company’s stock valued at $6,173,000 after purchasing an additional 8,432 shares during the period. 94.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Maxim Group reduced their price objective on BWX Technologies from $140.00 to $136.00 and set a “buy” rating for the company in a research report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $150.00 price objective (up previously from $119.00) on shares of BWX Technologies in a research report on Tuesday, July 8th. Wall Street Zen upgraded BWX Technologies from a “hold” rating to a “buy” rating in a research report on Saturday. CLSA reiterated an “outperform” rating and set a $177.60 price target (up previously from $153.00) on shares of BWX Technologies in a research report on Tuesday, May 27th. Finally, Bank of America reduced their price target on BWX Technologies from $160.00 to $135.00 and set a “buy” rating for the company in a research report on Wednesday, March 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, BWX Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $137.94.

BWX Technologies Stock Up 0.5%

BWXT opened at $137.13 on Monday. BWX Technologies, Inc. has a one year low of $84.21 and a one year high of $145.33. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.91 and a current ratio of 2.02. The stock’s fifty day moving average is $128.07 and its 200-day moving average is $114.51. The company has a market capitalization of $12.53 billion, a PE ratio of 43.67, a P/E/G ratio of 3.46 and a beta of 0.70.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings data on Monday, May 5th. The technology company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.18. BWX Technologies had a return on equity of 30.26% and a net margin of 10.39%. The company had revenue of $682.26 million for the quarter, compared to the consensus estimate of $644.15 million. During the same quarter in the previous year, the business earned $0.76 EPS. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. On average, equities analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend was Monday, May 19th. BWX Technologies’s dividend payout ratio (DPR) is presently 31.85%.

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.