ZWJ Investment Counsel Inc. Sells 11,978 Shares of BWX Technologies, Inc. (NYSE:BWXT)

ZWJ Investment Counsel Inc. cut its holdings in BWX Technologies, Inc. (NYSE:BWXT) by 2.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 541,695 shares of the technology company’s stock after selling 11,978 shares during the period. BWX Technologies makes up approximately 2.1% of ZWJ Investment Counsel Inc.’s investment portfolio, making the stock its 16th largest position. ZWJ Investment Counsel Inc.’s holdings in BWX Technologies were worth $41,564,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of BWXT. Wellington Management Group LLP grew its position in shares of BWX Technologies by 4.0% during the 1st quarter. Wellington Management Group LLP now owns 5,683,810 shares of the technology company’s stock worth $306,130,000 after purchasing an additional 217,425 shares in the last quarter. BlackRock Inc. grew its position in BWX Technologies by 4.2% during the first quarter. BlackRock Inc. now owns 5,346,253 shares of the technology company’s stock worth $337,028,000 after buying an additional 214,544 shares in the last quarter. State Street Corp increased its stake in BWX Technologies by 40.2% during the 2nd quarter. State Street Corp now owns 3,507,248 shares of the technology company’s stock worth $251,014,000 after acquiring an additional 1,006,326 shares during the period. Snyder Capital Management L P raised its holdings in BWX Technologies by 2.5% in the 1st quarter. Snyder Capital Management L P now owns 2,820,007 shares of the technology company’s stock valued at $177,773,000 after acquiring an additional 68,435 shares in the last quarter. Finally, Capital Research Global Investors lifted its position in shares of BWX Technologies by 8.7% during the 1st quarter. Capital Research Global Investors now owns 2,632,834 shares of the technology company’s stock valued at $141,804,000 after acquiring an additional 211,329 shares during the period. 94.39% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Truist Financial restated a “hold” rating and issued a $95.00 price target (down previously from $110.00) on shares of BWX Technologies in a research report on Monday, March 25th. StockNews.com lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, March 12th. Finally, Bank of America boosted their target price on shares of BWX Technologies from $82.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, BWX Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $89.00.

BWX Technologies Price Performance

NYSE:BWXT traded down $1.88 during trading hours on Friday, hitting $91.60. The company’s stock had a trading volume of 620,301 shares, compared to its average volume of 604,495. BWX Technologies, Inc. has a twelve month low of $60.17 and a twelve month high of $107.18. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.18 and a quick ratio of 2.18. The stock has a fifty day simple moving average of $97.09 and a 200-day simple moving average of $84.62. The company has a market capitalization of $8.37 billion, a P/E ratio of 34.05, a PEG ratio of 2.96 and a beta of 0.73.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings results on Tuesday, February 27th. The technology company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.07. The company had revenue of $725.52 million for the quarter, compared to the consensus estimate of $659.42 million. BWX Technologies had a net margin of 9.85% and a return on equity of 32.38%. The firm’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same period last year, the company posted $0.93 EPS. On average, analysts anticipate that BWX Technologies, Inc. will post 3.14 EPS for the current fiscal year.

BWX Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Monday, March 11th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend was Friday, March 8th. This is a boost from BWX Technologies’s previous quarterly dividend of $0.23. BWX Technologies’s payout ratio is presently 35.69%.

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.