Keeley Teton Advisors LLC Lowers Stock Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Keeley Teton Advisors LLC trimmed its position in BWX Technologies, Inc. (NYSE:BWXT) by 6.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,617 shares of the technology company’s stock after selling 1,497 shares during the quarter. Keeley Teton Advisors LLC’s holdings in BWX Technologies were worth $1,659,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Benjamin F. Edwards & Company Inc. bought a new position in shares of BWX Technologies during the 4th quarter worth approximately $25,000. SRS Capital Advisors Inc. grew its holdings in BWX Technologies by 322.1% during the fourth quarter. SRS Capital Advisors Inc. now owns 553 shares of the technology company’s stock worth $42,000 after acquiring an additional 422 shares during the period. Fortis Group Advisors LLC acquired a new position in shares of BWX Technologies in the 3rd quarter valued at $46,000. Catalyst Capital Advisors LLC acquired a new stake in BWX Technologies during the third quarter valued at $50,000. Finally, Psagot Value Holdings Ltd. Israel increased its stake in shares of BWX Technologies by 768.6% in the 4th quarter. Psagot Value Holdings Ltd. Israel now owns 912 shares of the technology company’s stock valued at $70,000 after purchasing an additional 807 shares in the last quarter. 94.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on BWXT shares. Bank of America lifted their target price on shares of BWX Technologies from $82.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. StockNews.com upgraded BWX Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, May 8th. Deutsche Bank Aktiengesellschaft cut their target price on BWX Technologies from $111.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, May 7th. CLSA began coverage on BWX Technologies in a research report on Monday. They set a “buy” rating on the stock. Finally, Truist Financial reissued a “hold” rating and set a $95.00 price objective (down from $110.00) on shares of BWX Technologies in a research report on Monday, March 25th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $92.43.

BWX Technologies Price Performance

Shares of NYSE BWXT traded up $1.49 during midday trading on Wednesday, hitting $90.70. The company had a trading volume of 417,340 shares, compared to its average volume of 607,815. The business has a 50-day simple moving average of $93.61 and a two-hundred day simple moving average of $88.18. The firm has a market capitalization of $8.29 billion, a price-to-earnings ratio of 32.36, a price-to-earnings-growth ratio of 3.01 and a beta of 0.71. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.29. BWX Technologies, Inc. has a twelve month low of $63.79 and a twelve month high of $107.18.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Monday, May 6th. The technology company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.67 by $0.09. BWX Technologies had a net margin of 10.00% and a return on equity of 31.57%. The business had revenue of $603.97 million for the quarter, compared to analyst estimates of $599.92 million. During the same period in the prior year, the business earned $0.70 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis. Equities research analysts anticipate that BWX Technologies, Inc. will post 3.19 earnings per share for the current year.

BWX Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Friday, May 17th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.06%. BWX Technologies’s dividend payout ratio (DPR) 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.