1,506 Shares in BWX Technologies, Inc. (NYSE:BWXT) Acquired by 10Elms LLP

10Elms LLP bought a new stake in shares of BWX Technologies, Inc. (NYSE:BWXT) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,506 shares of the technology company’s stock, valued at approximately $168,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC increased its holdings 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 purchasing an additional 24,149 shares during the period. Park Avenue Securities LLC grew its position 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 valued at $551,000 after buying an additional 1,633 shares in the last quarter. Diversify Advisory Services LLC acquired a new position in BWX Technologies during the 4th quarter valued at about $325,000. UMB Bank n.a. raised its position in shares of BWX Technologies by 97.3% during the 4th quarter. UMB Bank n.a. now owns 507 shares of the technology company’s stock worth $56,000 after buying an additional 250 shares in the last quarter. Finally, Ballentine Partners LLC acquired a new stake in shares of BWX Technologies in the 4th quarter worth approximately $209,000. Institutional investors own 94.39% of the company’s stock.

BWX Technologies Price Performance

BWXT stock 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. BWX Technologies, Inc. has a one year low of $84.21 and a one year high of $136.31. The firm has a market capitalization of $10.07 billion, a PE ratio of 36.48, a P/E/G ratio of 3.20 and a beta of 0.66. The firm has a 50-day moving average of $103.71 and a two-hundred day moving average of $111.86.

BWX Technologies (NYSE:BWXT) last posted 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. 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 last year, the business posted $0.76 EPS. The company’s revenue was up 13.0% on a year-over-year basis. On average, analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Dividend Announcement

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 issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.91%. BWX Technologies’s dividend payout ratio is 31.85%.

Insider Buying and Selling

In other news, CEO Rex D. Geveden sold 45,625 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $107.40, for a total value of $4,900,125.00. Following the transaction, the chief executive officer now directly owns 218,218 shares of the company’s stock, valued at approximately $23,436,613.20. This represents a 17.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 sale, the senior vice president now owns 9,904 shares of the company’s stock, valued at approximately $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. In the last ninety days, insiders sold 53,625 shares of company stock valued at $5,734,145. Corporate insiders own 0.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on BWXT. Bank of America lowered their price objective on shares of BWX Technologies from $160.00 to $135.00 and set a “buy” rating on the stock in a research note on Wednesday, March 26th. Seaport Res Ptn raised BWX Technologies to a “strong-buy” rating in a research note on Tuesday, April 1st. Finally, 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 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’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $123.88.

BWX Technologies 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.