Bank of New York Mellon Corp Decreases Stake in BWX Technologies, Inc. (NYSE:BWXT)

Bank of New York Mellon Corp cut its holdings in BWX Technologies, Inc. (NYSE:BWXT) by 5.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,345,187 shares of the technology company’s stock after selling 73,265 shares during the quarter. Bank of New York Mellon Corp owned 1.47% of BWX Technologies worth $127,793,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. GAMMA Investing LLC boosted its position in BWX Technologies by 77.6% during the first quarter. GAMMA Investing LLC now owns 270 shares of the technology company’s stock worth $28,000 after purchasing an additional 118 shares in the last quarter. Blue Trust Inc. boosted its position in BWX Technologies by 37.2% during the second quarter. Blue Trust Inc. now owns 446 shares of the technology company’s stock worth $46,000 after purchasing an additional 121 shares in the last quarter. Stephens Inc. AR boosted its position in BWX Technologies by 0.9% during the fourth quarter. Stephens Inc. AR now owns 16,286 shares of the technology company’s stock worth $1,250,000 after purchasing an additional 151 shares in the last quarter. Quent Capital LLC boosted its position in BWX Technologies by 146.6% during the first quarter. Quent Capital LLC now owns 254 shares of the technology company’s stock worth $26,000 after purchasing an additional 151 shares in the last quarter. Finally, CWM LLC boosted its position in BWX Technologies by 14.1% during the second quarter. CWM LLC now owns 1,353 shares of the technology company’s stock worth $129,000 after purchasing an additional 167 shares in the last quarter. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on BWXT. Deutsche Bank Aktiengesellschaft boosted their target price on BWX Technologies from $112.00 to $113.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Barclays downgraded BWX Technologies from an “equal weight” rating to an “underweight” rating and upped their price objective for the company from $75.00 to $90.00 in a research report on Wednesday, July 24th. Janney Montgomery Scott assumed coverage on BWX Technologies in a research report on Thursday, June 27th. They issued a “buy” rating and a $113.00 price objective on the stock. BTIG Research assumed coverage on BWX Technologies in a research report on Wednesday, June 26th. They issued a “buy” rating and a $110.00 price objective on the stock. Finally, CLSA assumed coverage on BWX Technologies in a research report on Monday, June 3rd. They issued a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, BWX Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $102.57.

BWX Technologies Stock Performance

BWX Technologies stock opened at $101.39 on Tuesday. The firm has a market capitalization of $9.27 billion, a P/E ratio of 36.60, a PEG ratio of 3.65 and a beta of 0.68. The stock has a fifty day moving average price of $97.49 and a 200 day moving average price of $95.34. BWX Technologies, Inc. has a 52 week low of $71.55 and a 52 week high of $107.18. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.29.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings results on Monday, August 5th. The technology company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.76 by $0.06. The company had revenue of $681.50 million during the quarter, compared to analyst estimates of $639.31 million. BWX Technologies had a return on equity of 31.57% and a net margin of 10.00%. The firm’s revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.65 earnings per share. Equities research analysts anticipate that BWX Technologies, Inc. will post 3.19 earnings per share for the current year.

BWX Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Friday, August 16th will be paid a dividend of $0.24 per share. The ex-dividend date is Friday, August 16th. This represents a $0.96 annualized dividend and a yield of 0.95%. BWX Technologies’s dividend payout ratio is presently 34.66%.

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.