UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Stock Position in BWX Technologies, Inc. (NYSE:BWXT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 2.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 314,119 shares of the technology company's stock after selling 7,470 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.34% of BWX Technologies worth $34,145,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. AQR Capital Management LLC increased its position in BWX Technologies by 77.8% during the 2nd quarter. AQR Capital Management LLC now owns 132,263 shares of the technology company's stock worth $12,565,000 after buying an additional 57,879 shares during the period. Hilton Capital Management LLC acquired a new position in BWX Technologies in the third quarter valued at about $2,237,000. Bridges Investment Management Inc. lifted its position 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 purchasing an additional 155,387 shares during the period. Citigroup Inc. grew its stake in BWX Technologies by 40.4% during the third quarter. Citigroup Inc. now owns 108,637 shares of the technology company's stock worth $11,809,000 after buying an additional 31,246 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its holdings in BWX Technologies by 8.6% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 471,090 shares of the technology company's stock valued at $51,208,000 after buying an additional 37,250 shares during the period. 94.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on BWXT. Truist Financial increased their price target on shares of BWX Technologies from $95.00 to $106.00 and gave the stock a "hold" rating in a research report on Tuesday, November 5th. Alembic Global Advisors upgraded BWX Technologies from a "neutral" rating to an "overweight" rating and set a $148.00 price objective for the company in a research report on Tuesday, November 12th. Bank of America lifted their target price on BWX Technologies from $115.00 to $160.00 and gave the company a "buy" rating in a research report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft boosted 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, November 6th. Finally, StockNews.com cut BWX Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, BWX Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $122.43.

BWX Technologies Price Performance

Shares of BWXT stock traded down $2.53 during trading hours on Thursday, reaching $127.97. The stock had a trading volume of 647,028 shares, compared to its average volume of 647,031. The stock's fifty day simple moving average is $123.56 and its 200 day simple moving average is $105.80. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $11.70 billion, a PE ratio of 42.37, a PEG ratio of 4.33 and a beta of 0.70. BWX Technologies, Inc. has a 12 month low of $74.69 and a 12 month high of $136.31.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its earnings results on Monday, November 4th. The technology company reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.77 by $0.06. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The business had revenue of $672.00 million for the quarter, compared to analyst estimates of $658.84 million. During the same period in the prior year, the company earned $0.67 EPS. The company's quarterly revenue was up 13.9% compared to the same quarter last year. On average, equities research analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 19th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.75%. The ex-dividend date is Tuesday, November 19th. BWX Technologies's dividend payout ratio (DPR) is currently 31.79%.

About BWX Technologies

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.