10Elms LLP Buys New Stake in BWX Technologies, Inc. (NYSE:BWXT)

10Elms LLP acquired a new stake in BWX Technologies, Inc. (NYSE:BWXT) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,506 shares of the technology company’s stock, valued at approximately $168,000.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Narwhal Capital Management lifted its position in BWX Technologies by 33.4% during the 4th quarter. Narwhal Capital Management now owns 20,979 shares of the technology company’s stock worth $2,337,000 after acquiring an additional 5,250 shares in the last quarter. Strategic Planning Group LLC acquired a new position in shares of BWX Technologies during the fourth quarter worth $3,005,000. Diversify Advisory Services LLC purchased a new position in shares of BWX Technologies in the fourth quarter valued at $325,000. Calamos Advisors LLC acquired a new stake in BWX Technologies during the 4th quarter valued at $954,000. Finally, Capital Investment Advisory Services LLC purchased a new stake in BWX Technologies during the 4th quarter worth $380,000. Hedge funds and other institutional investors own 94.39% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, CEO Rex D. Geveden sold 45,625 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $107.40, for a total transaction of $4,900,125.00. Following the completion of the transaction, the chief executive officer now owns 218,218 shares in the company, valued at $23,436,613.20. The trade was a 17.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $104.92, for a total value of $209,840.00. Following the completion of the sale, the senior vice president now directly owns 9,904 shares in the company, valued at $1,039,127.68. This represents a 16.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 53,625 shares of company stock valued at $5,734,145. 0.47% of the stock is currently owned by insiders.

BWX Technologies Price Performance

Shares of NYSE BWXT opened at $110.17 on Wednesday. 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 $10.07 billion, a price-to-earnings ratio of 36.48, a price-to-earnings-growth ratio of 3.20 and a beta of 0.66. BWX Technologies, Inc. has a twelve month low of $84.21 and a twelve month high of $136.31. The business has a 50 day simple moving average of $103.71 and a 200-day simple moving average of $111.86.

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

BWX Technologies Dividend Announcement

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

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.