Boston Partners Cuts Stock Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Boston Partners trimmed its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 9.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,378,109 shares of the technology company’s stock after selling 233,884 shares during the quarter. Boston Partners’ holdings in BWX Technologies were worth $244,003,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BWXT. Benjamin F. Edwards & Company Inc. purchased a new position in shares of BWX Technologies during the 4th quarter valued at approximately $25,000. Quent Capital LLC increased its holdings in BWX Technologies by 147.6% in the 1st quarter. Quent Capital LLC now owns 255 shares of the technology company’s stock worth $26,000 after acquiring an additional 152 shares in the last quarter. GAMMA Investing LLC increased its holdings in BWX Technologies by 77.6% in the 1st quarter. GAMMA Investing LLC now owns 270 shares of the technology company’s stock worth $28,000 after acquiring an additional 118 shares in the last quarter. Toth Financial Advisory Corp increased its holdings in BWX Technologies by 1,500.0% in the 1st quarter. Toth Financial Advisory Corp now owns 320 shares of the technology company’s stock worth $33,000 after acquiring an additional 300 shares in the last quarter. Finally, SRS Capital Advisors Inc. increased its holdings in BWX Technologies by 322.1% in the 4th quarter. SRS Capital Advisors Inc. now owns 553 shares of the technology company’s stock worth $42,000 after acquiring an additional 422 shares in the last quarter. 94.39% of the stock is owned by hedge funds and other institutional investors.

BWX Technologies Trading Down 4.3 %

Shares of BWXT stock traded down $4.19 on Friday, hitting $94.39. 901,268 shares of the stock traded hands, compared to its average volume of 479,838. The firm’s 50-day moving average price is $94.68 and its two-hundred day moving average price is $93.25. BWX Technologies, Inc. has a twelve month low of $68.15 and a twelve month high of $107.18. 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 market capitalization of $8.63 billion, a PE ratio of 34.07, a PEG ratio of 3.65 and a beta of 0.68.

BWX Technologies (NYSE:BWXT) last posted its earnings results on Monday, May 6th. The technology company reported $0.76 EPS 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 company had revenue of $603.97 million for the quarter, compared to analysts’ expectations of $599.92 million. During the same quarter in the prior year, the company posted $0.70 earnings per share. BWX Technologies’s revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, analysts anticipate that BWX Technologies, Inc. will post 3.19 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Barclays lowered shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and boosted their price target for the stock from $75.00 to $90.00 in a report on Wednesday, July 24th. StockNews.com cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, June 27th. CLSA initiated coverage on shares of BWX Technologies in a research note on Monday, June 3rd. They set a “buy” rating on the stock. Janney Montgomery Scott assumed coverage on shares of BWX Technologies in a research note on Thursday, June 27th. They set a “buy” rating and a $113.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of BWX Technologies from $110.00 to $107.00 and set a “buy” rating on the stock in a research report on Monday, June 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $98.00.

BWX Technologies Company 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.