Wellington Management Group LLP Lowers Stock Position in BWX Technologies, Inc. (NYSE:BWXT)

Wellington Management Group LLP decreased its position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 20.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,970,002 shares of the technology company's stock after selling 780,284 shares during the quarter. Wellington Management Group LLP owned approximately 3.25% of BWX Technologies worth $322,839,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC lifted its holdings in BWX Technologies by 77.8% during the second quarter. AQR Capital Management LLC now owns 132,263 shares of the technology company's stock worth $12,565,000 after acquiring an additional 57,879 shares during the period. Hilton Capital Management LLC bought a new stake in shares of BWX Technologies during the 3rd quarter worth $2,237,000. Bridges Investment Management Inc. boosted its holdings in shares of BWX Technologies by 76.3% in the 2nd 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. Citigroup Inc. boosted its holdings in shares of BWX Technologies by 40.4% in the 3rd 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 during the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its position in BWX Technologies by 8.6% during the third 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. Hedge funds and other institutional investors own 94.39% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. StockNews.com cut shares of BWX Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday, November 6th. Truist Financial lifted their price target on shares of BWX Technologies from $95.00 to $106.00 and gave the stock a "hold" rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft raised their target price on BWX Technologies from $129.00 to $130.00 and gave the stock a "buy" rating in a research 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 target on the stock in a research report on Tuesday, November 12th. Finally, Bank of America increased their price target on BWX Technologies from $115.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday, November 14th. One research 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. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $122.43.

BWX Technologies Stock Performance

Shares of NYSE BWXT traded down $1.96 during mid-day trading on Friday, hitting $126.01. The company had a trading volume of 887,373 shares, compared to its average volume of 860,144. The stock's 50-day moving average price is $123.90 and its 200-day moving average price is $106.18. The company has a market capitalization of $11.52 billion, a price-to-earnings ratio of 41.73, a P/E/G ratio of 4.37 and a beta of 0.70. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. BWX Technologies, Inc. has a 1 year low of $74.69 and a 1 year high of $136.31.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its earnings results on Monday, November 4th. The technology company reported $0.83 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $658.84 million. During the same quarter in the previous year, the firm earned $0.67 EPS. The company's quarterly revenue was up 13.9% compared to the same quarter last year. On average, sell-side analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Announces Dividend

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 issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Tuesday, November 19th. BWX Technologies's payout ratio is 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.