Ceredex Value Advisors LLC Sells 9,700 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Ceredex Value Advisors LLC cut its holdings in BWX Technologies, Inc. (NYSE:BWXT) by 9.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,150 shares of the technology company’s stock after selling 9,700 shares during the period. Ceredex Value Advisors LLC’s holdings in BWX Technologies were worth $10,125,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Blue Trust Inc. boosted its position in shares of 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 acquiring an additional 121 shares during the last quarter. Valeo Financial Advisors LLC boosted its holdings in shares of BWX Technologies by 4.3% during the 3rd quarter. Valeo Financial Advisors LLC now owns 3,539 shares of the technology company’s stock valued at $385,000 after purchasing an additional 145 shares during the last quarter. Commonwealth Equity Services LLC grew its position in shares of BWX Technologies by 2.9% during the second quarter. Commonwealth Equity Services LLC now owns 5,293 shares of the technology company’s stock valued at $503,000 after purchasing an additional 149 shares in the last quarter. XTX Topco Ltd lifted its position in shares of BWX Technologies by 7.1% in the second quarter. XTX Topco Ltd now owns 2,237 shares of the technology company’s stock worth $213,000 after buying an additional 149 shares in the last quarter. Finally, Quent Capital LLC boosted its stake in BWX Technologies by 146.6% during the first quarter. Quent Capital LLC now owns 254 shares of the technology company’s stock valued at $26,000 after buying an additional 151 shares during the last quarter. 94.39% of the stock is owned by hedge funds and other institutional investors.

BWX Technologies Price Performance

BWX Technologies stock opened at $122.58 on Friday. BWX Technologies, Inc. has a 12-month low of $74.62 and a 12-month high of $128.00. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 1.21. The firm has a 50-day moving average price of $110.45 and a 200-day moving average price of $99.94. The firm has a market capitalization of $11.20 billion, a PE ratio of 41.98, a price-to-earnings-growth ratio of 4.49 and a beta of 0.71.

BWX Technologies (NYSE:BWXT) last announced its earnings results on Monday, August 5th. The technology company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.06. BWX Technologies had a return on equity of 31.93% and a net margin of 10.29%. The business had revenue of $681.50 million during the quarter, compared to analyst estimates of $639.31 million. During the same quarter in the previous year, the business earned $0.65 earnings per share. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. As a group, equities research analysts forecast that BWX Technologies, Inc. will post 3.2 EPS for the current year.

BWX Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Friday, August 16th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.96 annualized dividend and a dividend yield of 0.78%. BWX Technologies’s dividend payout ratio (DPR) is 32.88%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft lifted their price objective on BWX Technologies from $113.00 to $129.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Barclays downgraded shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and upped their price target for the company from $75.00 to $90.00 in a research note on Wednesday, July 24th. Finally, StockNews.com raised shares of BWX Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, BWX Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $104.86.

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.