Barrow Hanley Mewhinney & Strauss LLC Has $126.65 Million Position in BWX Technologies, Inc. (NYSE:BWXT)

Barrow Hanley Mewhinney & Strauss LLC reduced its stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 30.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,136,949 shares of the technology company's stock after selling 495,711 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned 1.24% of BWX Technologies worth $126,645,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BWXT. Arrowstreet Capital Limited Partnership increased its stake in BWX Technologies by 137.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 471,260 shares of the technology company's stock valued at $52,494,000 after buying an additional 273,030 shares during the period. Pictet Asset Management Holding SA grew its position in shares of BWX Technologies by 12.3% in the fourth quarter. Pictet Asset Management Holding SA now owns 13,532 shares of the technology company's stock valued at $1,507,000 after purchasing an additional 1,478 shares during the last quarter. New Age Alpha Advisors LLC purchased a new position in BWX Technologies during the fourth quarter worth $2,187,000. Caisse Des Depots ET Consignations acquired a new position in BWX Technologies in the 4th quarter valued at about $2,952,000. Finally, Blair William & Co. IL lifted its stake in shares of BWX Technologies by 949.0% during the fourth quarter. Blair William & Co. IL now owns 424,821 shares of the technology company's stock valued at $47,321,000 after buying an additional 384,323 shares during the period. 94.39% of the stock is currently owned by institutional investors and hedge funds.

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BWX Technologies Stock Performance

Shares of NYSE BWXT traded down $4.94 during mid-day trading on Thursday, hitting $96.96. The company had a trading volume of 856,097 shares, compared to its average volume of 761,803. BWX Technologies, Inc. has a 12 month low of $86.70 and a 12 month high of $136.31. The stock has a market cap of $8.86 billion, a price-to-earnings ratio of 32.11, a PEG ratio of 3.20 and a beta of 0.67. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. The firm's 50 day simple moving average is $105.73 and its two-hundred day simple moving average is $114.46.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its earnings results on Monday, February 24th. The technology company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.80 by $0.12. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The firm had revenue of $746.27 million for the quarter, compared to analysts' expectations of $653.16 million. As a group, equities research analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Tuesday, March 11th were paid a $0.25 dividend. This is an increase from BWX Technologies's previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend was Tuesday, March 11th. BWX Technologies's dividend payout ratio is currently 32.57%.

Insider Buying and Selling

In other news, CEO Rex D. Geveden sold 45,625 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $107.40, for a total value of $4,900,125.00. Following the completion of the transaction, the chief executive officer now owns 218,218 shares in the company, valued at approximately $23,436,613.20. This represents a 17.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $104.92, for a total value of $209,840.00. Following the transaction, the senior vice president now owns 9,904 shares of the company's stock, valued at $1,039,127.68. This trade represents a 16.80 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 53,625 shares of company stock worth $5,734,145. 0.47% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Truist Financial upped their price target on shares of BWX Technologies from $106.00 to $114.00 and gave the stock a "hold" rating in a research report on Tuesday, January 14th. Seaport Res Ptn raised shares of BWX Technologies to a "strong-buy" rating in a research note on Tuesday. Maxim Group upped their price objective on shares of BWX Technologies from $138.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, January 10th. Barclays lifted their target price on BWX Technologies from $90.00 to $105.00 and gave the stock an "underweight" rating in a research report on Monday, December 16th. Finally, Bank of America reduced their price target on BWX Technologies from $160.00 to $135.00 and set a "buy" rating for the company in a report on Wednesday, March 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $124.38.

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.