Twinbeech Capital LP Has $11.37 Million Position in BWX Technologies, Inc. (NYSE:BWXT)

Twinbeech Capital LP increased its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT) by 149.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 102,082 shares of the technology company’s stock after acquiring an additional 61,112 shares during the quarter. Twinbeech Capital LP owned about 0.11% of BWX Technologies worth $11,371,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. HHM Wealth Advisors LLC boosted its stake in BWX Technologies by 45.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company’s stock valued at $32,000 after purchasing an additional 90 shares during the period. Principal Securities Inc. boosted its stake in BWX Technologies by 40.4% in the 4th quarter. Principal Securities Inc. now owns 316 shares of the technology company’s stock valued at $35,000 after purchasing an additional 91 shares during the period. V Square Quantitative Management LLC lifted its position 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 acquiring an additional 117 shares during the period. UMB Bank n.a. lifted 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 valued at $56,000 after acquiring an additional 250 shares during the period. Finally, SBI Securities Co. Ltd. bought a new stake in shares of BWX Technologies during the 4th quarter valued at $58,000. 94.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on BWXT shares. Seaport Res Ptn upgraded BWX Technologies to a “strong-buy” rating in a research report on Tuesday, April 1st. Bank of America cut 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, Maxim Group cut their target price 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $123.88.

BWX Technologies Price Performance

Shares of BWXT stock opened at $109.90 on Tuesday. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15. BWX Technologies, Inc. has a twelve month low of $84.21 and a twelve month high of $136.31. The company has a market cap of $10.04 billion, a P/E ratio of 36.39, a P/E/G ratio of 3.20 and a beta of 0.66. The business has a fifty day simple moving average of $103.45 and a 200 day simple moving average of $111.87.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings data 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 business had revenue of $682.26 million during the quarter, compared to the consensus estimate of $644.15 million. During the same period in the prior year, the company earned $0.76 EPS. BWX Technologies’s revenue for the quarter was up 13.0% on a year-over-year basis. On average, sell-side analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders 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 dividend on an annualized basis and a yield of 0.91%. BWX Technologies’s payout ratio is presently 31.85%.

Insiders Place Their Bets

In other BWX Technologies news, SVP Robert L. Duffy sold 6,000 shares of the company’s stock in a transaction dated 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 transaction, the senior vice president now owns 3,206 shares of the company’s stock, valued at $333,520.18. This represents a 65.17% decrease in their position. The sale 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 the stock in a transaction dated 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. The trade was a 16.80% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 53,625 shares of company stock valued at $5,734,145 in the last 90 days. Corporate insiders own 0.47% of the company’s stock.

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.