3,248 Shares in BWX Technologies, Inc. (NYSE:BWXT) Bought by Tema Etfs LLC

Tema Etfs LLC bought a new position in shares of BWX Technologies, Inc. (NYSE:BWXT) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 3,248 shares of the technology company’s stock, valued at approximately $362,000.

Several other large investors have also bought and sold shares of the stock. Narwhal Capital Management raised its position in shares of BWX Technologies by 33.4% in the 4th quarter. Narwhal Capital Management now owns 20,979 shares of the technology company’s stock worth $2,337,000 after acquiring an additional 5,250 shares in the last quarter. Cadinha & Co. LLC raised its position in shares of BWX Technologies by 469.2% in the 4th quarter. Cadinha & Co. LLC now owns 64,341 shares of the technology company’s stock worth $7,167,000 after acquiring an additional 53,038 shares in the last quarter. Strategic Planning Group LLC bought a new position in shares of BWX Technologies in the 4th quarter worth about $3,005,000. Diversify Advisory Services LLC bought a new position in shares of BWX Technologies in the 4th quarter worth about $325,000. Finally, Calamos Advisors LLC bought a new position in shares of BWX Technologies in the 4th quarter worth about $954,000. 94.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BWXT has been the subject of several research analyst reports. Bank of America lowered their price objective 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. Seaport Res Ptn upgraded BWX Technologies to a “strong-buy” rating in a research note on Tuesday, April 1st. 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 equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $123.88.

BWX Technologies Stock Performance

Shares of BWXT opened at $109.74 on Monday. 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 stock has a 50-day moving average of $103.21 and a 200-day moving average of $111.96. The company has a market cap of $10.03 billion, a PE ratio of 36.34, a P/E/G ratio of 3.20 and a beta of 0.66. BWX Technologies, Inc. has a one year low of $84.21 and a one year high of $136.31.

BWX Technologies (NYSE:BWXT) last released 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. The business had revenue of $682.26 million during the quarter, compared to the consensus estimate of $644.15 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The company’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.76 EPS. On average, equities research analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 0.91%. BWX Technologies’s dividend payout ratio (DPR) is currently 31.85%.

Insider Buying and Selling at BWX Technologies

In other BWX Technologies news, SVP Robert L. Duffy sold 6,000 shares of BWX Technologies stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $104.03, for a total transaction of $624,180.00. Following the completion of the transaction, the senior vice president now owns 3,206 shares in the company, valued at approximately $333,520.18. The trade was a 65.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of BWX Technologies 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 transaction, the senior vice president now owns 9,904 shares of the company’s stock, valued at $1,039,127.68. This trade represents a 16.80% 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. 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.