Principal Financial Group Inc. Sells 178,070 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Principal Financial Group Inc. reduced its holdings in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 45.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 212,055 shares of the technology company's stock after selling 178,070 shares during the period. Principal Financial Group Inc. owned 0.23% of BWX Technologies worth $23,050,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. FMR LLC increased its position in shares of BWX Technologies by 22.3% in the third quarter. FMR LLC now owns 1,754,567 shares of the technology company's stock valued at $190,721,000 after acquiring an additional 320,217 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake in BWX Technologies by 12.7% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,707,832 shares of the technology company's stock valued at $162,244,000 after acquiring an additional 192,042 shares during the period. Geode Capital Management LLC lifted its holdings in BWX Technologies by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,682,563 shares of the technology company's stock valued at $182,938,000 after purchasing an additional 26,130 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in BWX Technologies by 6.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,343,076 shares of the technology company's stock worth $127,593,000 after purchasing an additional 77,237 shares during the period. Finally, Van ECK Associates Corp increased its holdings in shares of BWX Technologies by 49.7% in the third quarter. Van ECK Associates Corp now owns 960,269 shares of the technology company's stock valued at $104,381,000 after purchasing an additional 318,598 shares during the last quarter. 94.39% of the stock is owned by institutional investors.

BWX Technologies Price Performance

Shares of BWXT traded up $0.13 during trading hours on Thursday, hitting $113.00. 465,324 shares of the company were exchanged, compared to its average volume of 660,476. The company has a market cap of $10.33 billion, a price-to-earnings ratio of 37.42, a P/E/G ratio of 4.12 and a beta of 0.70. The firm's fifty day moving average is $124.15 and its 200 day moving average is $108.75. BWX Technologies, Inc. has a fifty-two week low of $74.69 and a fifty-two week high of $136.31. 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 (NYSE:BWXT - Get Free Report) last issued its earnings results on Monday, November 4th. The technology company reported $0.83 earnings per share (EPS) 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 analysts' expectations of $658.84 million. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The business's revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.67 EPS. On average, equities analysts anticipate that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend was Tuesday, November 19th. BWX Technologies's dividend payout ratio (DPR) is currently 31.79%.

Analyst Upgrades and Downgrades

BWXT has been the topic of several research analyst reports. Truist Financial increased their price target on shares of BWX Technologies from $95.00 to $106.00 and gave the company a "hold" rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lifted their price target on BWX Technologies from $129.00 to $130.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. Alembic Global Advisors raised BWX Technologies from a "neutral" rating to an "overweight" rating and set a $148.00 price objective on the stock in a report on Tuesday, November 12th. StockNews.com cut BWX Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, November 6th. Finally, Barclays boosted their target price on shares of BWX Technologies from $90.00 to $105.00 and gave the company an "underweight" rating in a research report on Monday, December 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $124.57.

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.