Narwhal Capital Management Sells 4,564 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Narwhal Capital Management trimmed its position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 22.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,729 shares of the technology company's stock after selling 4,564 shares during the quarter. Narwhal Capital Management's holdings in BWX Technologies were worth $1,710,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BWXT. Quent Capital LLC grew its position in shares of BWX Technologies by 146.6% during the 1st quarter. Quent Capital LLC now owns 254 shares of the technology company's stock worth $26,000 after buying an additional 151 shares in the last quarter. UMB Bank n.a. increased its stake in shares of BWX Technologies by 729.0% in the third quarter. UMB Bank n.a. now owns 257 shares of the technology company's stock worth $28,000 after acquiring an additional 226 shares during the period. GAMMA Investing LLC boosted its stake in shares of BWX Technologies by 77.6% in the first quarter. GAMMA Investing LLC now owns 270 shares of the technology company's stock worth $28,000 after buying an additional 118 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in shares of BWX Technologies in the 3rd quarter valued at $31,000. Finally, Toth Financial Advisory Corp boosted its position in BWX Technologies by 1,500.0% during the first quarter. Toth Financial Advisory Corp now owns 320 shares of the technology company's stock worth $33,000 after purchasing an additional 300 shares in the last quarter. 94.39% of the stock is currently owned by institutional investors.

BWX Technologies Stock Performance

Shares of NYSE:BWXT traded down $0.73 during trading on Wednesday, reaching $122.90. 645,228 shares of the company's stock traded hands, compared to its average volume of 600,930. BWX Technologies, Inc. has a 12 month low of $72.91 and a 12 month high of $128.00. The stock has a market capitalization of $11.23 billion, a P/E ratio of 44.64, a price-to-earnings-growth ratio of 4.25 and a beta of 0.71. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.23 and a quick ratio of 2.23. The company has a 50 day moving average of $106.62 and a 200-day moving average of $98.47.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its quarterly earnings data on Monday, August 5th. The technology company reported $0.82 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.06. The company had revenue of $681.50 million during the quarter, compared to analyst estimates of $639.31 million. BWX Technologies had a net margin of 10.29% and a return on equity of 31.93%. The business's quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.65 earnings per share. On average, equities analysts expect that BWX Technologies, Inc. will post 3.2 EPS for the current year.

BWX Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Friday, August 16th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend was Friday, August 16th. BWX Technologies's payout ratio is 34.66%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on BWXT shares. StockNews.com raised BWX Technologies from a "hold" rating to a "buy" rating in a research note on Tuesday, August 6th. Barclays downgraded BWX Technologies from an "equal weight" rating to an "underweight" rating and upped their price target for the company from $75.00 to $90.00 in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft lifted their target price on BWX Technologies from $113.00 to $129.00 and gave the stock a "buy" rating in a research report on Thursday, October 3rd. BTIG Research assumed coverage on shares of BWX Technologies in a research note on Wednesday, June 26th. They set a "buy" rating and a $110.00 target price for the company. Finally, Janney Montgomery Scott began coverage on shares of BWX Technologies in a report on Thursday, June 27th. They issued a "buy" rating and a $113.00 target price on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $104.86.

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.