Vident Advisory LLC Acquires 13,690 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Vident Advisory LLC grew its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT) by 29.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 59,743 shares of the technology company’s stock after buying an additional 13,690 shares during the period. Vident Advisory LLC’s holdings in BWX Technologies were worth $6,655,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Barclays PLC boosted its stake in BWX Technologies by 59.8% in the 3rd quarter. Barclays PLC now owns 64,525 shares of the technology company’s stock worth $7,014,000 after purchasing an additional 24,149 shares in the last quarter. Park Avenue Securities LLC boosted its stake in BWX Technologies by 49.3% in the 4th quarter. Park Avenue Securities LLC now owns 4,945 shares of the technology company’s stock worth $551,000 after purchasing an additional 1,633 shares in the last quarter. Kera Capital Partners Inc. bought a new position in BWX Technologies in the 4th quarter worth about $224,000. Diversify Advisory Services LLC bought a new position in BWX Technologies in the 4th quarter worth about $325,000. Finally, Lincoln Capital LLC bought a new position in BWX Technologies in the 4th quarter worth about $218,000. Institutional investors own 94.39% of the company’s stock.

Insider Activity

In related news, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were 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 of the company’s stock, valued at approximately $1,039,127.68. This represents a 16.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Rex D. Geveden sold 45,625 shares of the 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 sale, the chief executive officer now directly owns 218,218 shares of the company’s stock, valued at $23,436,613.20. This represents a 17.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 53,625 shares of company stock valued at $5,734,145 in the last quarter. 0.47% of the stock is currently owned by insiders.

BWX Technologies Price Performance

NYSE BWXT opened at $109.90 on Tuesday. BWX Technologies, Inc. has a 52 week low of $84.21 and a 52 week high of $136.31. The firm has a market capitalization of $10.04 billion, a P/E ratio of 36.39, a PEG ratio of 3.20 and a beta of 0.66. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15. The company has a 50-day moving average price of $103.45 and a 200-day moving average price of $111.87.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Monday, May 5th. The technology company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.73 by $0.18. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The firm had revenue of $682.26 million during the quarter, compared to analyst estimates of $644.15 million. During the same quarter in the prior year, the firm earned $0.76 EPS. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. Equities research analysts anticipate that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Announces Dividend

The firm also recently declared 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 of this dividend is Monday, May 19th. BWX Technologies’s payout ratio is currently 31.85%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on BWXT shares. Maxim Group dropped their price target on shares of BWX Technologies from $140.00 to $136.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. Bank of America decreased their target price on 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, Seaport Res Ptn raised BWX Technologies to a “strong-buy” rating in a research report on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.88.

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.