Scout Investments Inc. Lowers Stake in BWX Technologies, Inc. (NYSE:BWXT)

Scout Investments Inc. lowered its stake in shares of BWX Technologies, Inc. (NYSE:BWXTFree Report) by 17.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 175,709 shares of the technology company’s stock after selling 37,909 shares during the period. Scout Investments Inc.’s holdings in BWX Technologies were worth $13,482,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. purchased a new position in BWX Technologies in the 4th quarter valued at approximately $25,000. SRS Capital Advisors Inc. boosted its position in BWX Technologies by 322.1% in the 4th quarter. SRS Capital Advisors Inc. now owns 553 shares of the technology company’s stock valued at $42,000 after buying an additional 422 shares during the period. Fortis Group Advisors LLC purchased a new position in BWX Technologies in the 3rd quarter valued at approximately $46,000. Catalyst Capital Advisors LLC purchased a new position in BWX Technologies in the 3rd quarter valued at approximately $50,000. Finally, Psagot Value Holdings Ltd. Israel boosted its position in BWX Technologies by 768.6% in the 4th quarter. Psagot Value Holdings Ltd. Israel now owns 912 shares of the technology company’s stock valued at $70,000 after buying an additional 807 shares during the period. Hedge funds and other institutional investors own 94.39% of the company’s stock.

BWX Technologies Stock Down 0.3 %

Shares of BWXT stock traded down $0.24 on Friday, reaching $89.45. 366,997 shares of the stock were exchanged, compared to its average volume of 507,591. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.29. The business’s 50 day moving average price is $92.86 and its 200 day moving average price is $88.28. The company has a market capitalization of $8.18 billion, a price-to-earnings ratio of 32.29, a PEG ratio of 2.99 and a beta of 0.71. BWX Technologies, Inc. has a twelve month low of $64.18 and a twelve month high of $107.18.

BWX Technologies (NYSE:BWXTGet Free Report) last announced its quarterly earnings results on Monday, May 6th. The technology company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.09. BWX Technologies had a net margin of 10.00% and a return on equity of 31.57%. The firm had revenue of $603.97 million during the quarter, compared to analysts’ expectations of $599.92 million. During the same period in the previous year, the company earned $0.70 earnings per share. BWX Technologies’s quarterly revenue was up 6.3% compared to the same quarter last year. As a group, sell-side analysts expect that BWX Technologies, Inc. will post 3.19 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Friday, May 17th were given a $0.24 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $0.96 dividend on an annualized basis and a yield of 1.07%. BWX Technologies’s dividend payout ratio (DPR) is presently 34.66%.

Analysts Set New Price Targets

BWXT has been the subject of several recent research reports. CLSA initiated coverage on shares of BWX Technologies in a research report on Monday, June 3rd. They issued a “buy” rating for the company. Truist Financial reissued a “hold” rating and issued a $95.00 price target (down previously from $110.00) on shares of BWX Technologies in a research report on Monday, March 25th. StockNews.com raised shares of BWX Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, May 8th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of BWX Technologies from $111.00 to $110.00 and set a “buy” rating for the company in a research note on Tuesday, May 7th. Finally, Bank of America boosted their target price 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 six have given a buy rating to the stock. Based on data from MarketBeat, BWX Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.43.

Check Out Our Latest Report on BWXT

About BWX Technologies

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding BWXT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BWX Technologies, Inc. (NYSE:BWXTFree Report).

Institutional Ownership by Quarter for BWX Technologies (NYSE:BWXT)

Receive News & Ratings for BWX Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BWX Technologies and related companies with MarketBeat.com's FREE daily email newsletter.