Bridges Investment Management Inc. Lowers Stock Position in BWX Technologies, Inc. (NYSE:BWXT)

Bridges Investment Management Inc. reduced its stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 19.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 294,141 shares of the technology company's stock after selling 68,809 shares during the period. Bridges Investment Management Inc. owned 0.32% of BWX Technologies worth $32,764,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BWXT. Stone House Investment Management LLC increased its stake in BWX Technologies by 76.2% in the 3rd quarter. Stone House Investment Management LLC now owns 229 shares of the technology company's stock worth $25,000 after buying an additional 99 shares in the last quarter. Quarry LP raised its stake in BWX Technologies by 93.6% during the 3rd quarter. Quarry LP now owns 271 shares of the technology company's stock valued at $29,000 after purchasing an additional 131 shares during the period. Retirement Wealth Solutions LLC purchased a new position in BWX Technologies in the 4th quarter worth approximately $30,000. HHM Wealth Advisors LLC lifted its holdings in BWX Technologies by 45.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company's stock worth $32,000 after purchasing an additional 90 shares in the last quarter. Finally, Principal Securities Inc. boosted its stake in BWX Technologies by 40.4% in the 4th quarter. Principal Securities Inc. now owns 316 shares of the technology company's stock worth $35,000 after purchasing an additional 91 shares during the period. 94.39% of the stock is owned by hedge funds and other institutional investors.

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BWX Technologies Trading Up 2.7 %

NYSE:BWXT traded up $2.73 during midday trading on Wednesday, hitting $103.98. 865,151 shares of the company traded hands, compared to its average volume of 712,635. The firm has a market capitalization of $9.51 billion, a P/E ratio of 34.43, a P/E/G ratio of 3.20 and a beta of 0.73. The firm's fifty day moving average is $112.49 and its 200-day moving average is $114.47. BWX Technologies, Inc. has a 12-month low of $86.70 and a 12-month high of $136.31. 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 (NYSE:BWXT - Get Free Report) last released its earnings results on Monday, February 24th. The technology company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.12. The firm had revenue of $746.27 million during the quarter, compared to analyst estimates of $653.16 million. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. On average, sell-side analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Tuesday, March 11th will be paid a dividend of $0.25 per share. This is a boost from BWX Technologies's previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.96%. BWX Technologies's dividend payout ratio is currently 32.57%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Alembic Global Advisors raised shares of BWX Technologies from a "neutral" rating to an "overweight" rating and set a $148.00 target price on the stock in a report on Tuesday, November 12th. StockNews.com downgraded shares of BWX Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft boosted 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. Bank of America lifted their price objective on BWX Technologies from $115.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday, November 14th. Finally, Barclays increased their target price on 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 given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, BWX Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $127.50.

Insider Transactions at BWX Technologies

In other news, CEO Rex D. Geveden sold 45,625 shares of the company's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $107.40, for a total value of $4,900,125.00. Following the transaction, the chief executive officer now directly owns 218,218 shares in the company, valued at approximately $23,436,613.20. This represents a 17.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of BWX Technologies stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $104.92, for a total transaction of $209,840.00. Following the sale, the senior vice president now owns 9,904 shares of the company's stock, valued at $1,039,127.68. The trade was a 16.80 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.47% of the company's stock.

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.