BWX Technologies, Inc. (NYSE:BWXT) Stake Trimmed by Connective Capital Management LLC

Connective Capital Management LLC lowered its stake in BWX Technologies, Inc. (NYSE:BWXT) by 20.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,572 shares of the technology company’s stock after selling 930 shares during the quarter. Connective Capital Management LLC’s holdings in BWX Technologies were worth $398,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in BWX Technologies by 1.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 319,455 shares of the technology company’s stock worth $35,584,000 after purchasing an additional 5,336 shares in the last quarter. Vident Advisory LLC increased its stake in BWX Technologies by 29.7% in the 4th quarter. Vident Advisory LLC now owns 59,743 shares of the technology company’s stock worth $6,655,000 after purchasing an additional 13,690 shares in the last quarter. Twinbeech Capital LP increased its stake in BWX Technologies by 149.2% in the 4th quarter. Twinbeech Capital LP now owns 102,082 shares of the technology company’s stock worth $11,371,000 after purchasing an additional 61,112 shares in the last quarter. Tema Etfs LLC purchased a new position in BWX Technologies during the 4th quarter valued at about $362,000. Finally, Select Equity Group L.P. grew its stake in BWX Technologies by 11.5% during the 4th quarter. Select Equity Group L.P. now owns 551,878 shares of the technology company’s stock valued at $61,474,000 after acquiring an additional 56,720 shares in the last quarter. Hedge funds and other institutional investors own 94.39% of the company’s stock.

Insider Buying and Selling

In other news, CEO Rex D. Geveden sold 45,625 shares of the company’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 directly owns 218,218 shares in the company, valued at $23,436,613.20. The trade was a 17.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Robert L. Duffy sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $104.03, for a total value of $624,180.00. Following the transaction, the senior vice president now owns 3,206 shares of the company’s stock, valued at approximately $333,520.18. This trade represents a 65.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 53,625 shares of company stock worth $5,734,145. 0.47% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Bank of America lowered their target price on BWX Technologies from $160.00 to $135.00 and set a “buy” rating on the stock in a research note on Wednesday, March 26th. Maxim Group lowered their target price on BWX Technologies from $140.00 to $136.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. Finally, Seaport Res Ptn raised BWX Technologies to a “strong-buy” rating in a research note on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, BWX Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $123.88.

BWX Technologies Trading Up 0.2%

Shares of NYSE BWXT opened at $110.17 on Wednesday. The stock has a market cap of $10.07 billion, a price-to-earnings ratio of 36.48, a PEG ratio of 3.20 and a beta of 0.66. The business has a 50 day simple moving average of $103.71 and a 200 day simple moving average of $111.86. BWX Technologies, Inc. has a 52 week low of $84.21 and a 52 week high of $136.31. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25.

BWX Technologies (NYSE:BWXT) last posted its earnings results on Monday, May 5th. The technology company reported $0.91 earnings per share for the quarter, topping 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 firm had revenue of $682.26 million during the quarter, compared to analyst estimates of $644.15 million. During the same period in the previous year, the company earned $0.76 EPS. The company’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 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

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