Leeward Investments LLC MA Trims Stock Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Leeward Investments LLC MA trimmed its holdings in BWX Technologies, Inc. (NYSE:BWXT) by 46.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 131,751 shares of the technology company’s stock after selling 113,543 shares during the period. Leeward Investments LLC MA’s holdings in BWX Technologies were worth $10,109,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Invesco Ltd. increased its holdings in BWX Technologies by 16.6% during the 3rd quarter. Invesco Ltd. now owns 2,027,376 shares of the technology company’s stock worth $152,013,000 after purchasing an additional 288,287 shares during the period. FMR LLC lifted its position in BWX Technologies by 1.8% during the 3rd quarter. FMR LLC now owns 1,884,236 shares of the technology company’s stock worth $141,280,000 after acquiring an additional 32,664 shares during the period. Clearbridge Investments LLC lifted its position in BWX Technologies by 4.0% during the 3rd quarter. Clearbridge Investments LLC now owns 1,347,912 shares of the technology company’s stock worth $101,066,000 after acquiring an additional 52,462 shares during the period. Charles Schwab Investment Management Inc. lifted its position in BWX Technologies by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,040,674 shares of the technology company’s stock worth $78,030,000 after acquiring an additional 11,010 shares during the period. Finally, Fiera Capital Corp lifted its position in BWX Technologies by 2.9% during the 3rd quarter. Fiera Capital Corp now owns 892,837 shares of the technology company’s stock worth $66,945,000 after acquiring an additional 25,467 shares during the period. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

BWX Technologies Price Performance

Shares of BWX Technologies stock traded up $1.29 during mid-day trading on Friday, reaching $95.98. 582,730 shares of the stock traded hands, compared to its average volume of 604,373. The business has a 50-day moving average of $97.73 and a 200 day moving average of $85.19. BWX Technologies, Inc. has a fifty-two week low of $60.17 and a fifty-two week high of $107.18. The stock has a market capitalization of $8.77 billion, a PE ratio of 35.68, a PEG ratio of 3.00 and a beta of 0.73. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 1.29.

BWX Technologies (NYSE:BWXT) last announced its earnings results on Tuesday, February 27th. The technology company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.07. BWX Technologies had a return on equity of 32.38% and a net margin of 9.85%. The business had revenue of $725.52 million during the quarter, compared to analysts’ expectations of $659.42 million. During the same quarter in the prior year, the firm earned $0.93 earnings per share. The business’s revenue was up 16.2% compared to the same quarter last year. On average, analysts predict that BWX Technologies, Inc. will post 3.14 EPS for the current year.

BWX Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Monday, March 11th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.00%. The ex-dividend date was Friday, March 8th. This is a boost from BWX Technologies’s previous quarterly dividend of $0.23. BWX Technologies’s dividend payout ratio (DPR) is currently 35.69%.

Analyst Upgrades and Downgrades

BWXT has been the subject of a number of research reports. StockNews.com cut BWX Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, March 12th. Truist Financial restated a “hold” rating and issued a $95.00 target price (down previously from $110.00) on shares of BWX Technologies in a research note on Monday, March 25th. Finally, Bank of America upped their target price on BWX Technologies from $82.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.00.

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.