Mawer Investment Management Ltd. Trims Stake in BWX Technologies, Inc. (NYSE:BWXT)

Mawer Investment Management Ltd. cut its holdings in BWX Technologies, Inc. (NYSE:BWXT) by 4.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 824,584 shares of the technology company’s stock after selling 37,415 shares during the period. Mawer Investment Management Ltd. owned 0.90% of BWX Technologies worth $89,632,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in BWX Technologies by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 8,735,898 shares of the technology company’s stock valued at $896,478,000 after purchasing an additional 58,680 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of BWX Technologies by 12.7% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,707,832 shares of the technology company’s stock valued at $162,244,000 after purchasing an additional 192,042 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of BWX Technologies by 6.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,343,076 shares of the technology company’s stock valued at $127,593,000 after purchasing an additional 77,237 shares during the period. Van ECK Associates Corp increased its stake in shares of BWX Technologies by 49.7% in the third quarter. Van ECK Associates Corp now owns 960,269 shares of the technology company’s stock valued at $104,381,000 after purchasing an additional 318,598 shares during the period. Finally, Fiera Capital Corp increased its stake in shares of BWX Technologies by 1.1% during the second quarter. Fiera Capital Corp now owns 936,839 shares of the technology company’s stock valued at $89,000,000 after acquiring an additional 10,475 shares during the period. 94.39% of the stock is currently owned by institutional investors and hedge funds.

BWX Technologies Trading Up 0.6 %

Shares of NYSE BWXT traded up $0.74 during trading hours on Monday, hitting $126.99. The company’s stock had a trading volume of 40,098 shares, compared to its average volume of 639,048. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25. The stock has a market cap of $11.61 billion, a price-to-earnings ratio of 41.80, a P/E/G ratio of 4.61 and a beta of 0.69. BWX Technologies, Inc. has a 12 month low of $74.69 and a 12 month high of $136.31. The business has a 50-day simple moving average of $115.18 and a 200-day simple moving average of $102.12.

BWX Technologies (NYSE:BWXT) last issued its earnings results on Monday, November 4th. The technology company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.06. The company had revenue of $672.00 million during the quarter, compared to the consensus estimate of $658.84 million. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. BWX Technologies’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.67 EPS. On average, analysts anticipate that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 19th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $0.96 dividend on an annualized basis and a yield of 0.76%. BWX Technologies’s payout ratio is 31.79%.

Wall Street Analyst Weigh In

BWXT has been the topic of a number of recent research reports. Alembic Global Advisors upgraded shares of BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price target on the stock in a report on Tuesday, November 12th. Barclays lowered shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and boosted their price target for the company from $75.00 to $90.00 in a research report on Wednesday, July 24th. StockNews.com downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Truist Financial boosted their price target on shares of BWX Technologies from $95.00 to $106.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $122.43.

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.