iSAM Funds UK Ltd Decreases Stock Position in BWX Technologies, Inc. (NYSE:BWXT)

iSAM Funds UK Ltd lessened its stake in BWX Technologies, Inc. (NYSE:BWXT) by 28.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,315 shares of the technology company’s stock after selling 1,752 shares during the quarter. iSAM Funds UK Ltd’s holdings in BWX Technologies were worth $481,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. HHM Wealth Advisors LLC boosted its holdings in BWX Technologies by 45.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company’s stock worth $32,000 after acquiring an additional 90 shares during the period. Principal Securities Inc. boosted its stake 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 buying an additional 91 shares during the last quarter. V Square Quantitative Management LLC boosted its stake in shares of BWX Technologies by 40.5% during the 4th quarter. V Square Quantitative Management LLC now owns 406 shares of the technology company’s stock valued at $45,000 after buying an additional 117 shares during the last quarter. UMB Bank n.a. boosted its stake 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 valued at $56,000 after buying an additional 250 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in shares of BWX Technologies during the 4th quarter valued at approximately $58,000. Hedge funds and other institutional investors own 94.39% of the company’s stock.

Insiders Place Their Bets

In other BWX Technologies news, CEO Rex D. Geveden sold 45,625 shares of the stock in a transaction 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 sale, the chief executive officer now directly owns 218,218 shares of the company’s stock, valued at $23,436,613.20. This trade represents a 17.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Robert L. Duffy sold 6,000 shares of the stock in a transaction 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 completion of the sale, the senior vice president now directly owns 3,206 shares in the company, valued at $333,520.18. This represents a 65.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 53,625 shares of company stock valued at $5,734,145 over the last three months. Company insiders own 0.47% of the company’s stock.

BWX Technologies Stock 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. The firm has a market cap of $10.07 billion, a P/E ratio of 36.48, a P/E/G ratio of 3.20 and a beta of 0.66. BWX Technologies, Inc. has a 12-month low of $84.21 and a 12-month high of $136.31. The stock’s 50 day simple moving average is $103.71 and its 200 day simple moving average is $111.86.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings results on Monday, May 5th. The technology company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.18. The business had revenue of $682.26 million for the quarter, compared to analyst estimates of $644.15 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The business’s revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.76 EPS. As a group, equities research analysts predict that BWX Technologies, Inc. will post 3.23 EPS 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 given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.91%. The ex-dividend date is Monday, May 19th. BWX Technologies’s dividend payout ratio is presently 31.85%.

Analyst Upgrades and Downgrades

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