State of Wyoming Lowers Stock Holdings in BWX Technologies, Inc. (NYSE:BWXT)

State of Wyoming decreased its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 15.0% during the fourth quarter, HoldingsChannel reports. The firm owned 3,761 shares of the technology company’s stock after selling 664 shares during the period. State of Wyoming’s holdings in BWX Technologies were worth $419,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Tema Etfs LLC purchased a new stake in BWX Technologies during the fourth quarter valued at about $362,000. Select Equity Group L.P. increased its holdings in shares of BWX Technologies by 11.5% in the fourth quarter. Select Equity Group L.P. now owns 551,878 shares of the technology company’s stock worth $61,474,000 after buying an additional 56,720 shares during the period. Silvercrest Asset Management Group LLC increased its holdings in shares of BWX Technologies by 0.9% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 330,862 shares of the technology company’s stock worth $36,855,000 after buying an additional 3,113 shares during the period. Royal Bank of Canada increased its holdings in shares of BWX Technologies by 7.2% in the fourth quarter. Royal Bank of Canada now owns 253,390 shares of the technology company’s stock worth $28,225,000 after buying an additional 16,961 shares during the period. Finally, Rafferty Asset Management LLC increased its holdings in shares of BWX Technologies by 4.2% in the fourth quarter. Rafferty Asset Management LLC now owns 25,498 shares of the technology company’s stock worth $2,840,000 after buying an additional 1,039 shares during the period. Hedge funds and other institutional investors own 94.39% of the company’s stock.

BWX Technologies Stock Up 0.2%

NYSE BWXT opened at $110.17 on Wednesday. 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 market capitalization of $10.07 billion, a PE ratio of 36.48, a PEG ratio of 3.20 and a beta of 0.66. BWX Technologies, Inc. has a 1 year low of $84.21 and a 1 year high of $136.31. The business’s 50-day moving average is $103.71 and its 200 day moving average is $111.86.

BWX Technologies (NYSE:BWXT) last posted its earnings results on Monday, May 5th. The technology company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.18. The company had revenue of $682.26 million for the quarter, compared to analysts’ expectations of $644.15 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. BWX Technologies’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period last year, the firm earned $0.76 earnings per share. Sell-side analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, May 19th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.00 annualized dividend and a dividend yield of 0.91%. BWX Technologies’s payout ratio is presently 31.85%.

Analyst Ratings Changes

Several research analysts have recently commented on BWXT shares. Bank of America decreased their price objective on BWX Technologies from $160.00 to $135.00 and set a “buy” rating on the stock in a report on Wednesday, March 26th. Seaport Res Ptn upgraded BWX Technologies to a “strong-buy” rating in a report on Tuesday, April 1st. Finally, Maxim Group decreased their price objective on BWX Technologies from $140.00 to $136.00 and set a “buy” rating on the stock 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $123.88.

Insider Buying and Selling

In other BWX Technologies news, SVP Robert L. Duffy sold 6,000 shares of BWX Technologies stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $104.03, for a total transaction of $624,180.00. Following the sale, the senior vice president now directly 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 legal filing with the SEC, which can be accessed through this link. Also, CEO Rex D. Geveden sold 45,625 shares of BWX Technologies stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $107.40, for a total value of $4,900,125.00. Following the sale, the chief executive officer now directly owns 218,218 shares in the company, valued at approximately $23,436,613.20. The trade was a 17.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 53,625 shares of company stock valued at $5,734,145 over the last ninety days. 0.47% of the stock is owned by insiders.

BWX Technologies 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.