Fiera Capital Corp Trims Stake in BWX Technologies, Inc. (NYSE:BWXT)

Fiera Capital Corp trimmed its position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 5.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 889,860 shares of the technology company's stock after selling 46,979 shares during the quarter. Fiera Capital Corp owned 0.97% of BWX Technologies worth $96,728,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of BWXT. AQR Capital Management LLC increased its position in shares of BWX Technologies by 77.8% during 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. increased its holdings in BWX Technologies by 76.3% during the second quarter. Bridges Investment Management Inc. now owns 359,147 shares of the technology company's stock worth $34,119,000 after buying an additional 155,387 shares during the last quarter. Quantbot Technologies LP purchased a new position in BWX Technologies in the first quarter valued at about $1,096,000. Russell Investments Group Ltd. grew its position in shares of BWX Technologies by 39.9% during the 1st quarter. Russell Investments Group Ltd. now owns 111,757 shares of the technology company's stock valued at $11,469,000 after acquiring an additional 31,845 shares during the period. Finally, Compass Wealth Management LLC purchased a new stake in BWX Technologies in the third quarter worth $3,456,000. 94.39% of the stock is currently owned by institutional investors.

BWX Technologies Stock Up 2.9 %

Shares of BWXT stock traded up $3.52 during mid-day trading on Friday, hitting $124.57. The company's stock had a trading volume of 1,118,342 shares, compared to its average volume of 628,307. The stock has a market cap of $11.39 billion, a price-to-earnings ratio of 40.07, a PEG ratio of 4.30 and a beta of 0.69. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.23 and a current ratio of 2.23. BWX Technologies, Inc. has a 52-week low of $74.69 and a 52-week high of $128.00. The business has a 50-day moving average price of $111.83 and a 200 day moving average price of $100.67.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its earnings results on Monday, November 4th. The technology company reported $0.83 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.06. The business had revenue of $672.00 million during the quarter, compared to analysts' expectations of $658.84 million. BWX Technologies had a net margin of 10.32% and a return on equity of 32.78%. The firm's revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.67 earnings per share. Research analysts predict that BWX Technologies, Inc. will post 3.2 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 19th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend is Tuesday, November 19th. BWX Technologies's payout ratio is presently 31.79%.

Analyst Ratings Changes

Several research firms have recently weighed in on BWXT. Deutsche Bank Aktiengesellschaft lifted their target price on shares of BWX Technologies from $129.00 to $130.00 and gave the stock a "buy" rating in a research note on Wednesday. StockNews.com lowered BWX Technologies from a "buy" rating to a "hold" rating in a report on Wednesday. Truist Financial increased their price objective on BWX Technologies from $95.00 to $106.00 and gave the stock a "hold" rating in a report on Tuesday. Finally, Barclays lowered BWX Technologies from an "equal weight" rating to an "underweight" rating and lifted their target price for the company from $75.00 to $90.00 in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $110.67.

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.