Vaughan Nelson Investment Management L.P. Raises Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Vaughan Nelson Investment Management L.P. raised its holdings in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 8.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 471,090 shares of the technology company's stock after buying an additional 37,250 shares during the quarter. Vaughan Nelson Investment Management L.P. owned about 0.52% of BWX Technologies worth $51,208,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in BWXT. Quent Capital LLC boosted its position in shares of BWX Technologies by 147.6% during the third quarter. Quent Capital LLC now owns 255 shares of the technology company's stock valued at $28,000 after purchasing an additional 152 shares in the last quarter. UMB Bank n.a. boosted its position in shares of BWX Technologies by 729.0% during the third quarter. UMB Bank n.a. now owns 257 shares of the technology company's stock valued at $28,000 after purchasing an additional 226 shares in the last quarter. V Square Quantitative Management LLC bought a new stake in shares of BWX Technologies during the third quarter valued at approximately $31,000. GAMMA Investing LLC boosted its position in shares of BWX Technologies by 58.9% during the second quarter. GAMMA Investing LLC now owns 429 shares of the technology company's stock valued at $41,000 after purchasing an additional 159 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of BWX Technologies during the second quarter valued at approximately $45,000. 94.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on BWXT shares. Bank of America lifted their price target on BWX Technologies from $115.00 to $160.00 and gave the company a "buy" rating in a research report on Thursday. Truist Financial lifted their price objective on BWX Technologies from $95.00 to $106.00 and gave the company a "hold" rating in a research note on Tuesday, November 5th. StockNews.com cut BWX Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday, November 6th. Barclays cut BWX Technologies from an "equal weight" rating to an "underweight" rating and lifted their price objective for the company from $75.00 to $90.00 in a research note on Wednesday, July 24th. Finally, 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 note on Tuesday, November 12th. One 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 stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $122.43.

BWX Technologies Price Performance

NYSE BWXT traded down $1.98 during trading hours on Friday, reaching $126.25. The company's stock had a trading volume of 968,567 shares, compared to its average volume of 1,088,213. The firm has a market capitalization of $11.54 billion, a price-to-earnings ratio of 41.80, a P/E/G ratio of 4.61 and a beta of 0.69. BWX Technologies, Inc. has a 1-year low of $74.69 and a 1-year high of $136.31. 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 company's 50-day moving average is $115.18 and its two-hundred day moving average is $102.08.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its quarterly 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 during the quarter, compared to analyst estimates of $658.84 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The business's revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.67 earnings per share. On average, equities analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Tuesday, November 19th. BWX Technologies's payout ratio is currently 31.79%.

BWX Technologies Company 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.