Pitcairn Co. Lowers Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Pitcairn Co. decreased its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 5.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,260 shares of the technology company’s stock after selling 253 shares during the quarter. Pitcairn Co.’s holdings in BWX Technologies were worth $437,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of BWX Technologies by 0.7% in the first quarter. Vanguard Group Inc. now owns 8,735,898 shares of the technology company’s stock worth $896,478,000 after purchasing an additional 58,680 shares during the last quarter. Clearbridge Investments LLC increased its position in BWX Technologies by 0.7% in the fourth quarter. Clearbridge Investments LLC now owns 1,357,980 shares of the technology company’s stock worth $104,198,000 after buying an additional 10,068 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of BWX Technologies by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,048,456 shares of the technology company’s stock worth $80,448,000 after purchasing an additional 7,782 shares in the last quarter. Frontier Capital Management Co. LLC grew its position in shares of BWX Technologies by 28.8% during the fourth quarter. Frontier Capital Management Co. LLC now owns 967,317 shares of the technology company’s stock worth $74,222,000 after purchasing an additional 216,525 shares in the last quarter. Finally, Fiera Capital Corp grew its position in shares of BWX Technologies by 1.4% during the fourth quarter. Fiera Capital Corp now owns 905,430 shares of the technology company’s stock worth $69,474,000 after purchasing an additional 12,593 shares in the last quarter. Hedge funds and other institutional investors own 94.39% of the company’s stock.

BWX Technologies Price Performance

Shares of BWXT stock traded down $1.29 during trading hours on Thursday, reaching $98.73. The company had a trading volume of 762,243 shares, compared to its average volume of 583,113. The company has a debt-to-equity ratio of 1.29, a quick ratio of 2.24 and a current ratio of 2.24. The stock has a fifty day moving average of $93.45 and a 200-day moving average of $92.48. The company has a market capitalization of $9.02 billion, a price-to-earnings ratio of 35.64, a PEG ratio of 3.91 and a beta of 0.69. BWX Technologies, Inc. has a 12-month low of $67.91 and a 12-month high of $107.18.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings results on Monday, May 6th. The technology company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.09. The business had revenue of $603.97 million during the quarter, compared to analyst estimates of $599.92 million. BWX Technologies had a return on equity of 31.57% and a net margin of 10.00%. The business’s revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.70 earnings per share. On average, equities analysts anticipate that BWX Technologies, Inc. will post 3.19 earnings per share for the current year.

BWX Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 6th. Stockholders of record on Friday, May 17th were given a $0.24 dividend. The ex-dividend date was Thursday, May 16th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.97%. BWX Technologies’s dividend payout ratio (DPR) is presently 34.66%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Janney Montgomery Scott assumed coverage on BWX Technologies in a research note on Thursday, June 27th. They set a “buy” rating and a $113.00 price target for the company. StockNews.com lowered BWX Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, June 27th. Bank of America raised their price target on BWX Technologies from $82.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Deutsche Bank Aktiengesellschaft decreased their price target on BWX Technologies from $110.00 to $107.00 and set a “buy” rating for the company in a research note on Monday, June 10th. Finally, Barclays downgraded BWX Technologies from an “equal weight” rating to an “underweight” rating and raised their price objective for the stock from $75.00 to $90.00 in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $98.00.

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; fabrication activities; and supplies proprietary and sole-source valves, manifolds, and fittings to naval and commercial shipping customers.