BWX Technologies, Inc. (NYSE:BWXT) Shares Sold by Bridges Investment Management Inc.

Bridges Investment Management Inc. trimmed its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 19.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 294,141 shares of the technology company’s stock after selling 68,809 shares during the period. Bridges Investment Management Inc. owned 0.32% of BWX Technologies worth $32,764,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Stephens Investment Management Group LLC acquired a new position in BWX Technologies in the 4th quarter valued at $50,054,000. Van ECK Associates Corp lifted its stake in shares of BWX Technologies by 46.7% in the fourth quarter. Van ECK Associates Corp now owns 1,408,736 shares of the technology company’s stock worth $156,919,000 after buying an additional 448,467 shares in the last quarter. FMR LLC boosted its position in BWX Technologies by 22.3% during the third quarter. FMR LLC now owns 1,754,567 shares of the technology company’s stock worth $190,721,000 after acquiring an additional 320,217 shares during the last quarter. Bank of New York Mellon Corp grew its stake in BWX Technologies by 19.8% during the 4th quarter. Bank of New York Mellon Corp now owns 1,379,779 shares of the technology company’s stock valued at $153,694,000 after acquiring an additional 228,413 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its holdings in BWX Technologies by 29.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 746,145 shares of the technology company’s stock valued at $81,105,000 after acquiring an additional 168,077 shares during the last quarter. Institutional investors and hedge funds 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 company’s stock in a transaction dated Wednesday, February 26th. The shares were 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 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 completion of the transaction, the senior vice president now directly owns 9,904 shares in the company, 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. Corporate insiders own 0.47% of the company’s stock.

BWX Technologies Price Performance

BWXT opened at $103.82 on Friday. The stock has a market capitalization of $9.50 billion, a PE ratio of 34.38, a P/E/G ratio of 3.20 and a beta of 0.73. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25. The company’s 50 day simple moving average is $112.93 and its 200 day simple moving average is $114.31. BWX Technologies, Inc. has a 1 year low of $86.70 and a 1 year high of $136.31.

BWX Technologies (NYSE:BWXT) last announced its earnings results on Monday, February 24th. The technology company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.80 by $0.12. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The business had revenue of $746.27 million for the quarter, compared to the consensus estimate of $653.16 million. As a group, sell-side analysts expect that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Tuesday, March 11th will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, March 11th. This is a positive change from BWX Technologies’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 0.96%. BWX Technologies’s dividend payout ratio is currently 32.57%.

Analyst Ratings Changes

Several research analysts have recently weighed in on BWXT shares. Maxim Group boosted their target price on BWX Technologies from $138.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Barclays upped their target price on BWX Technologies from $90.00 to $105.00 and gave the company an “underweight” rating in a report on Monday, December 16th. StockNews.com cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Bank of America increased their price target on shares of BWX Technologies from $115.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, Alembic Global Advisors raised BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price objective for the company in a research report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $127.50.

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.