Bokf Na Has $2.65 Million Stock Position in BWX Technologies, Inc. (NYSE:BWXT)

Bokf Na cut its position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 17.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,095 shares of the technology company's stock after selling 5,000 shares during the period. Bokf Na's holdings in BWX Technologies were worth $2,649,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Narwhal Capital Management grew its stake 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 valued at $2,337,000 after purchasing an additional 5,250 shares during the period. Cadinha & Co. LLC boosted its stake 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 valued at $7,167,000 after purchasing an additional 53,038 shares in the last quarter. Cooper Financial Group bought a new stake in shares of BWX Technologies in the 4th quarter worth about $737,000. Strategic Planning Group LLC acquired a new stake in shares of BWX Technologies during the 4th quarter worth about $3,005,000. Finally, Diversify Advisory Services LLC acquired a new position in BWX Technologies in the fourth quarter valued at about $325,000. 94.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at BWX Technologies

In other BWX Technologies news, CEO Rex D. Geveden sold 45,625 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer now directly owns 218,218 shares of the company's stock, valued at approximately $23,436,613.20. The trade was a 17.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Robert L. Duffy sold 6,000 shares of the firm's stock in a transaction dated 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 directly owns 3,206 shares in the company, valued at approximately $333,520.18. This represents a 65.17 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 53,625 shares of company stock worth $5,734,145. 0.47% of the stock is currently owned by company insiders.

BWX Technologies Trading Down 0.3 %

Shares of NYSE BWXT opened at $107.85 on Thursday. The company's 50 day simple moving average is $102.08 and its 200 day simple moving average is $112.89. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. BWX Technologies, Inc. has a fifty-two week low of $84.21 and a fifty-two week high of $136.31. The firm has a market capitalization of $9.86 billion, a P/E ratio of 35.71, a P/E/G ratio of 3.20 and a beta of 0.66.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its quarterly 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. 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 for the quarter, compared to analyst estimates of $644.15 million. During the same period last year, the company earned $0.76 EPS. The firm's revenue was up 13.0% on a year-over-year basis. On average, analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Announces Dividend

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

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Bank of America dropped their price objective on shares of BWX Technologies from $160.00 to $135.00 and set a "buy" rating for the company in a report on Wednesday, March 26th. Seaport Res Ptn upgraded BWX Technologies to a "strong-buy" rating in a research report on Tuesday, April 1st. Truist Financial increased their target price on BWX Technologies from $106.00 to $114.00 and gave the stock a "hold" rating in a report on Tuesday, January 14th. Finally, Maxim Group lifted their price target on BWX Technologies from $138.00 to $140.00 and gave the company a "buy" rating in a report on Friday, January 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, BWX Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $124.38.

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.

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