BWX Technologies, Inc. (NYSE:BWXT) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG lifted its position in BWX Technologies, Inc. (NYSE:BWXT) by 6.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 172,837 shares of the technology company’s stock after acquiring an additional 11,022 shares during the quarter. Deutsche Bank AG’s holdings in BWX Technologies were worth $19,252,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in BWXT. HHM Wealth Advisors LLC increased its holdings in BWX Technologies by 45.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company’s stock valued at $32,000 after buying an additional 90 shares in the last quarter. Principal Securities Inc. grew its position in shares of BWX Technologies by 40.4% during the 4th quarter. Principal Securities Inc. now owns 316 shares of the technology company’s stock valued at $35,000 after acquiring an additional 91 shares during the period. Louisiana State Employees Retirement System increased its stake in shares of BWX Technologies by 0.4% in the 4th quarter. Louisiana State Employees Retirement System now owns 25,400 shares of the technology company’s stock valued at $2,829,000 after purchasing an additional 100 shares in the last quarter. Utah Retirement Systems raised its holdings in BWX Technologies by 2.1% in the 4th quarter. Utah Retirement Systems now owns 4,900 shares of the technology company’s stock worth $546,000 after purchasing an additional 100 shares during the period. Finally, AdvisorNet Financial Inc boosted its position in BWX Technologies by 15.4% during the fourth quarter. AdvisorNet Financial Inc now owns 779 shares of the technology company’s stock worth $87,000 after purchasing an additional 104 shares in the last quarter. 94.39% of the stock is owned by hedge funds and other institutional investors.

BWX Technologies Stock Performance

Shares of NYSE:BWXT opened at $106.99 on Thursday. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. BWX Technologies, Inc. has a 1 year low of $84.21 and a 1 year high of $136.31. The firm has a market capitalization of $9.77 billion, a PE ratio of 35.43, a P/E/G ratio of 3.20 and a beta of 0.66. The business’s 50 day moving average price is $102.71 and its 200-day moving average price is $112.33.

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

BWX Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, May 19th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.00 annualized dividend and a yield of 0.93%. BWX Technologies’s dividend payout ratio is presently 31.85%.

Insider Buying and Selling at BWX Technologies

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 value of $4,900,125.00. Following the completion of the sale, the chief executive officer now directly owns 218,218 shares in the company, valued at $23,436,613.20. This represents a 17.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of BWX Technologies stock in a transaction that occurred 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 transaction, the senior vice president now owns 9,904 shares in the company, valued at approximately $1,039,127.68. The trade was a 16.80% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 53,625 shares of company stock worth $5,734,145. Insiders own 0.47% of the company’s stock.

Wall Street Analyst Weigh In

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

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.