Polar Asset Management Partners Inc. Sells 2,900 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Polar Asset Management Partners Inc. lessened its stake in BWX Technologies, Inc. (NYSE:BWXT) by 24.6% in the 4th quarter, HoldingsChannel reports. The fund owned 8,900 shares of the technology company’s stock after selling 2,900 shares during the quarter. Polar Asset Management Partners Inc.’s holdings in BWX Technologies were worth $991,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Barclays PLC lifted its stake in shares of BWX Technologies by 59.8% during the third quarter. Barclays PLC now owns 64,525 shares of the technology company’s stock valued at $7,014,000 after acquiring an additional 24,149 shares during the period. AdvisorNet Financial Inc raised its holdings in 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 purchasing an additional 104 shares during the last quarter. Park Avenue Securities LLC lifted its position in BWX Technologies by 49.3% during the 4th quarter. Park Avenue Securities LLC now owns 4,945 shares of the technology company’s stock valued at $551,000 after purchasing an additional 1,633 shares during the period. Hennion & Walsh Asset Management Inc. boosted its stake in shares of BWX Technologies by 35.8% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 12,105 shares of the technology company’s stock valued at $1,348,000 after purchasing an additional 3,192 shares during the last quarter. Finally, Retirement Wealth Solutions LLC acquired a new stake in shares of BWX Technologies during the 4th quarter worth approximately $30,000. 94.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on BWXT. Seaport Res Ptn upgraded shares of BWX Technologies to a “strong-buy” rating in a report on Tuesday, April 1st. Bank of America dropped their target price on shares of BWX Technologies from $160.00 to $135.00 and set a “buy” rating for the company in a research report on Wednesday, March 26th. Finally, Maxim Group reduced their price target on BWX Technologies from $140.00 to $136.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $123.88.

Insider Buying and Selling

In related news, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $104.92, for a total transaction of $209,840.00. Following the completion of the transaction, the senior vice president now directly owns 9,904 shares in the company, valued at approximately $1,039,127.68. This trade represents a 16.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Robert L. Duffy sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $104.03, for a total value of $624,180.00. Following the completion of the sale, the senior vice president now owns 3,206 shares in the company, valued at $333,520.18. The trade was a 65.17% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 53,625 shares of company stock worth $5,734,145 over the last ninety days. Company insiders own 0.47% of the company’s stock.

BWX Technologies Stock Performance

Shares of BWX Technologies stock opened at $109.74 on Friday. The stock’s fifty day simple moving average is $103.21 and its 200 day simple moving average is $112.03. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $10.03 billion, a PE ratio of 36.34, a PEG ratio of 3.20 and a beta of 0.66. BWX Technologies, Inc. has a 12 month low of $84.21 and a 12 month high of $136.31.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings data on Monday, May 5th. The technology company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.18. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The business had revenue of $682.26 million for the quarter, compared to analysts’ expectations of $644.15 million. During the same quarter in the previous year, the business posted $0.76 EPS. BWX Technologies’s revenue for the quarter was up 13.0% on a year-over-year basis. On average, research analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Monday, May 19th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Monday, May 19th. BWX Technologies’s dividend payout ratio is 31.85%.

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.