BWX Technologies, Inc. (NYSE:BWXT) Position Lessened by Cadinha & Co. LLC

Cadinha & Co. LLC trimmed its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 96.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,157 shares of the technology company’s stock after selling 62,184 shares during the period. Cadinha & Co. LLC’s holdings in BWX Technologies were worth $213,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. HHM Wealth Advisors LLC increased its position in BWX Technologies by 45.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company’s stock worth $32,000 after buying an additional 90 shares during the last quarter. Principal Securities Inc. increased its position in BWX Technologies by 40.4% during the fourth quarter. Principal Securities Inc. now owns 316 shares of the technology company’s stock worth $35,000 after buying an additional 91 shares during the last quarter. Louisiana State Employees Retirement System increased its position in BWX Technologies by 0.4% during the fourth quarter. Louisiana State Employees Retirement System now owns 25,400 shares of the technology company’s stock worth $2,829,000 after buying an additional 100 shares during the last quarter. Utah Retirement Systems increased its position in BWX Technologies by 2.1% during the fourth quarter. Utah Retirement Systems now owns 4,900 shares of the technology company’s stock worth $546,000 after buying an additional 100 shares during the last quarter. Finally, V Square Quantitative Management LLC increased its position in BWX Technologies by 40.5% during the fourth quarter. V Square Quantitative Management LLC now owns 406 shares of the technology company’s stock worth $45,000 after buying an additional 117 shares during the last quarter. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on BWXT. Seaport Res Ptn raised shares of BWX Technologies to a “strong-buy” rating in a research report on Tuesday, April 1st. CLSA reaffirmed an “outperform” rating and issued a $177.60 price target (up from $153.00) on shares of BWX Technologies in a research report on Tuesday. Maxim Group lowered their price target on BWX Technologies from $140.00 to $136.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. Bank of America lowered their price target on BWX Technologies from $160.00 to $135.00 and set a “buy” rating on the stock in a research report on Wednesday, March 26th. Finally, William Blair started coverage on BWX Technologies in a research report on Wednesday. They issued an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $129.84.

BWX Technologies Stock Down 1.0%

NYSE BWXT opened at $125.36 on Friday. 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 firm has a 50-day simple moving average of $106.23 and a 200 day simple moving average of $111.80. BWX Technologies, Inc. has a twelve month low of $84.21 and a twelve month high of $136.31. The stock has a market cap of $11.45 billion, a PE ratio of 41.51, a PEG ratio of 3.20 and a beta of 0.66.

BWX Technologies (NYSE:BWXT) last released its earnings results on Monday, May 5th. The technology company reported $0.91 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $644.15 million. During the same quarter last year, the company earned $0.76 earnings per share. The firm’s revenue was up 13.0% on a year-over-year basis. On average, research analysts forecast 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 paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date is Monday, May 19th. BWX Technologies’s dividend payout ratio is 31.85%.

Insiders Place Their Bets

In other BWX Technologies news, SVP Robert L. Duffy sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The shares were 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 $333,520.18. This trade represents a 65.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.47% of the company’s stock.

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.