Deutsche Bank AG Buys 11,022 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Deutsche Bank AG raised its stake in BWX Technologies, Inc. (NYSE:BWXT) by 6.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 172,837 shares of the technology company’s stock after buying an additional 11,022 shares during the period. Deutsche Bank AG owned about 0.19% of BWX Technologies worth $19,252,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of BWX Technologies by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 9,211,924 shares of the technology company’s stock valued at $1,026,116,000 after purchasing an additional 202,917 shares during the period. Demars Financial Group LLC raised its position in BWX Technologies by 9,309.0% during the 4th quarter. Demars Financial Group LLC now owns 4,482,439 shares of the technology company’s stock valued at $499,299,000 after purchasing an additional 4,434,799 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of BWX Technologies by 8.5% in the 4th quarter. Franklin Resources Inc. now owns 2,315,671 shares of the technology company’s stock worth $257,943,000 after buying an additional 182,311 shares during the period. Van ECK Associates Corp lifted its holdings in shares of BWX Technologies by 46.7% in the 4th 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 during the period. Finally, Bank of New York Mellon Corp grew its position in shares of 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 worth $153,694,000 after buying an additional 228,413 shares in the last quarter. 94.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BWXT. Seaport Res Ptn raised shares of BWX Technologies to a “strong-buy” rating in a research note on Tuesday, April 1st. Maxim Group dropped their price objective 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. Finally, Bank of America cut their price objective on shares of BWX Technologies from $160.00 to $135.00 and set a “buy” rating on the stock in a report on Wednesday, March 26th. 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 company. According to MarketBeat, BWX Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.88.

Insider Buying and Selling at BWX Technologies

In other news, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the company’s stock in a transaction 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 sale, the senior vice president now directly owns 9,904 shares of the company’s stock, valued at $1,039,127.68. This represents a 16.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $4,900,125.00. Following the completion of the sale, the chief executive officer now owns 218,218 shares in the company, valued at $23,436,613.20. The trade was a 17.29% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 53,625 shares of company stock worth $5,734,145. 0.47% of the stock is currently owned by insiders.

BWX Technologies Stock Performance

BWXT opened at $106.99 on Thursday. The company has a market cap of $9.77 billion, a P/E ratio of 35.43, a price-to-earnings-growth 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 firm’s 50-day moving average price is $102.71 and its 200-day moving average price is $112.33. BWX Technologies, Inc. has a 52-week low of $84.21 and a 52-week high of $136.31.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings results on Monday, May 5th. The technology company reported $0.91 earnings per share (EPS) for the quarter, beating 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 business had revenue of $682.26 million for the quarter, compared to analyst estimates of $644.15 million. During the same quarter in the prior year, the business posted $0.76 EPS. BWX Technologies’s revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, equities analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Monday, May 19th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, May 19th. This represents a $1.00 annualized dividend and a yield of 0.93%. BWX Technologies’s payout ratio is presently 31.85%.

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.