Principal Financial Group Inc. Has $23.05 Million Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Principal Financial Group Inc. trimmed its stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 45.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 212,055 shares of the technology company's stock after selling 178,070 shares during the period. Principal Financial Group Inc. owned about 0.23% of BWX Technologies worth $23,050,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. AQR Capital Management LLC raised its stake in shares of BWX Technologies by 77.8% in the second quarter. AQR Capital Management LLC now owns 132,263 shares of the technology company's stock valued at $12,565,000 after acquiring an additional 57,879 shares during the last quarter. Bridges Investment Management Inc. boosted its stake in BWX Technologies by 76.3% in the second quarter. Bridges Investment Management Inc. now owns 359,147 shares of the technology company's stock worth $34,119,000 after purchasing an additional 155,387 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in BWX Technologies by 39.9% in the first quarter. Russell Investments Group Ltd. now owns 111,757 shares of the technology company's stock worth $11,469,000 after purchasing an additional 31,845 shares in the last quarter. Compass Wealth Management LLC bought a new stake in shares of BWX Technologies during the third quarter worth $3,456,000. Finally, Copeland Capital Management LLC raised its holdings in shares of BWX Technologies by 0.8% in the third quarter. Copeland Capital Management LLC now owns 711,773 shares of the technology company's stock valued at $77,370,000 after buying an additional 5,723 shares during the last quarter. 94.39% of the stock is owned by institutional investors.

BWX Technologies Trading Down 2.1 %

NYSE BWXT traded down $2.83 on Thursday, reaching $129.28. The company had a trading volume of 815,514 shares, compared to its average volume of 638,242. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15. BWX Technologies, Inc. has a 52 week low of $74.69 and a 52 week high of $136.13. The stock has a market cap of $11.82 billion, a price-to-earnings ratio of 43.38, a PEG ratio of 4.63 and a beta of 0.69. The stock's 50 day moving average is $113.96 and its 200-day moving average is $101.65.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The technology company reported $0.83 earnings per share for the quarter, beating analysts' consensus estimates of $0.77 by $0.06. The business had revenue of $672.00 million for the quarter, compared to the consensus estimate of $658.84 million. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. BWX Technologies's revenue for the quarter was up 13.9% on a year-over-year basis. During the same period last year, the company posted $0.67 EPS. Equities analysts predict that BWX Technologies, Inc. will post 3.21 earnings per share for the current year.

BWX Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 19th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date is Tuesday, November 19th. BWX Technologies's dividend payout ratio is currently 31.79%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BWXT. StockNews.com lowered shares of BWX Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft raised their price target on shares of BWX Technologies from $129.00 to $130.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. Barclays downgraded BWX Technologies from an "equal weight" rating to an "underweight" rating and upped their price objective for the stock from $75.00 to $90.00 in a report on Wednesday, July 24th. Alembic Global Advisors raised BWX Technologies from a "neutral" rating to an "overweight" rating and set a $148.00 target price for the company in a research note on Tuesday. Finally, Bank of America boosted their target price on BWX Technologies from $115.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $122.43.

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.