Covea Finance Sells 5,000 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Covea Finance reduced its position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 3.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 130,300 shares of the technology company's stock after selling 5,000 shares during the quarter. Covea Finance owned about 0.14% of BWX Technologies worth $14,514,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Park Avenue Securities LLC increased its stake in BWX Technologies by 49.3% in the fourth quarter. Park Avenue Securities LLC now owns 4,945 shares of the technology company's stock valued at $551,000 after acquiring an additional 1,633 shares during the last quarter. Oak Thistle LLC acquired a new stake in shares of BWX Technologies in the 4th quarter valued at $1,763,000. Floyd Financial Group LLC bought a new position in shares of BWX Technologies in the 4th quarter valued at $1,985,000. AdvisorNet Financial Inc raised its holdings in shares of BWX Technologies by 15.4% during the 4th quarter. AdvisorNet Financial Inc now owns 779 shares of the technology company's stock worth $87,000 after buying an additional 104 shares in the last quarter. Finally, Harbour Capital Advisors LLC bought a new stake in shares of BWX Technologies during the 4th quarter worth $258,000. 94.39% of the stock is currently owned by institutional investors and hedge funds.

BWX Technologies Trading Up 1.1 %

Shares of BWXT stock traded up $1.27 during trading hours on Wednesday, hitting $118.38. 698,180 shares of the company's stock traded hands, compared to its average volume of 726,653. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15. BWX Technologies, Inc. has a 12 month low of $78.47 and a 12 month high of $136.31. The stock has a market cap of $10.83 billion, a PE ratio of 39.20, a price-to-earnings-growth ratio of 4.12 and a beta of 0.73. The stock's 50 day simple moving average is $121.44 and its 200 day simple moving average is $110.99.

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

BWX Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 19th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.81%. The ex-dividend date was Tuesday, November 19th. BWX Technologies's payout ratio is presently 31.79%.

Analysts Set New Price Targets

A number of research firms have issued reports on BWXT. 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. Barclays lifted their price target on shares of BWX Technologies from $90.00 to $105.00 and gave the company an "underweight" rating in a report on Monday, December 16th. StockNews.com downgraded shares of BWX Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday, November 6th. 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, Alembic Global Advisors upgraded BWX Technologies from a "neutral" rating to an "overweight" rating and set a $148.00 price target for the company in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $127.50.

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.