Shapiro Capital Management LLC Trims Stock Position in BWX Technologies, Inc. (NYSE:BWXT)

Shapiro Capital Management LLC cut its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT) by 14.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 448,353 shares of the technology company’s stock after selling 76,150 shares during the quarter. BWX Technologies comprises approximately 1.7% of Shapiro Capital Management LLC’s portfolio, making the stock its 27th biggest holding. Shapiro Capital Management LLC owned approximately 0.49% of BWX Technologies worth $49,942,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. HHM Wealth Advisors LLC increased its holdings in BWX Technologies by 45.0% during the 4th quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company’s stock worth $32,000 after purchasing an additional 90 shares during the last quarter. Principal Securities Inc. increased its holdings in BWX Technologies by 40.4% during the 4th quarter. Principal Securities Inc. now owns 316 shares of the technology company’s stock worth $35,000 after purchasing an additional 91 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in BWX Technologies by 0.4% during the 4th quarter. Louisiana State Employees Retirement System now owns 25,400 shares of the technology company’s stock worth $2,829,000 after purchasing an additional 100 shares during the last quarter. Utah Retirement Systems increased its holdings in BWX Technologies by 2.1% during the 4th quarter. Utah Retirement Systems now owns 4,900 shares of the technology company’s stock worth $546,000 after purchasing an additional 100 shares during the last quarter. Finally, AdvisorNet Financial Inc increased its holdings in BWX Technologies by 15.4% during the 4th quarter. AdvisorNet Financial Inc now owns 779 shares of the technology company’s stock worth $87,000 after purchasing an additional 104 shares during the last quarter. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Robert L. Duffy sold 6,000 shares of the business’s 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 sale, the senior vice president now owns 3,206 shares of the company’s stock, valued at approximately $333,520.18. The trade was a 65.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Rex D. Geveden sold 45,625 shares of the business’s 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 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 53,625 shares of company stock worth $5,734,145. 0.47% of the stock is owned by company insiders.

BWX Technologies Trading Up 1.5%

NYSE:BWXT opened at $108.77 on Friday. BWX Technologies, Inc. has a 12-month low of $84.21 and a 12-month high of $136.31. The firm has a market capitalization of $9.94 billion, a P/E ratio of 36.02, a P/E/G ratio of 3.20 and a beta of 0.66. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. The business has a 50 day simple moving average of $102.96 and a 200 day simple moving average of $112.23.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings data 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 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 analyst estimates of $644.15 million. During the same quarter in the previous year, the firm posted $0.76 EPS. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. Equities research analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Monday, May 19th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, May 19th. This represents a $1.00 dividend on an annualized basis and a yield of 0.92%. BWX Technologies’s dividend payout ratio (DPR) is presently 31.85%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on BWXT shares. Seaport Res Ptn upgraded BWX Technologies to a “strong-buy” rating in a report on Tuesday, April 1st. Bank of America lowered their price target on BWX Technologies from $160.00 to $135.00 and set a “buy” rating for the company in a report on Wednesday, March 26th. Finally, Maxim Group lowered their price target on BWX Technologies from $140.00 to $136.00 and set a “buy” rating for the company in a report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.88.

BWX Technologies Company 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.