ArrowMark Colorado Holdings LLC Reduces Position in BWX Technologies, Inc. (NYSE:BWXT)

ArrowMark Colorado Holdings LLC lowered its position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 21.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 106,223 shares of the technology company's stock after selling 29,000 shares during the quarter. ArrowMark Colorado Holdings LLC owned 0.12% of BWX Technologies worth $11,832,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of BWXT. Narwhal Capital Management grew its stake in BWX Technologies by 33.4% during the fourth quarter. Narwhal Capital Management now owns 20,979 shares of the technology company's stock worth $2,337,000 after buying an additional 5,250 shares during the last quarter. Cadinha & Co. LLC boosted its stake in BWX Technologies by 469.2% during 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 during the last quarter. Cooper Financial Group bought a new stake in shares of BWX Technologies in the 4th quarter valued at $737,000. Strategic Planning Group LLC acquired a new stake in shares of BWX Technologies during the fourth quarter worth about $3,005,000. Finally, Diversify Advisory Services LLC acquired a new position in shares of BWX Technologies in the 4th quarter valued at approximately $325,000. Institutional investors and hedge funds own 94.39% of the company's stock.

Insider Transactions at BWX Technologies

In related news, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $104.92, for a total transaction of $209,840.00. Following the transaction, the senior vice president now directly owns 9,904 shares in the company, valued at $1,039,127.68. This trade represents a 16.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 completion of the sale, the senior vice president now directly owns 3,206 shares in the company, valued at $333,520.18. The trade was a 65.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 53,625 shares of company stock worth $5,734,145. 0.47% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

BWXT has been the topic of several recent research reports. Truist Financial lifted their price target on shares of BWX Technologies from $106.00 to $114.00 and gave the company a "hold" rating in a research note on Tuesday, January 14th. Bank of America cut 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 raised shares of BWX Technologies to a "strong-buy" rating in a research report on Tuesday, April 1st. Finally, Maxim Group increased their price target on shares of BWX Technologies from $138.00 to $140.00 and gave the company a "buy" rating in a report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, BWX Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $124.38.

BWX Technologies Trading Down 0.3 %

NYSE:BWXT traded down $0.28 during mid-day trading on Wednesday, hitting $107.85. 835,777 shares of the company's stock were exchanged, compared to its average volume of 792,158. BWX Technologies, Inc. has a fifty-two week low of $84.21 and a fifty-two week high of $136.31. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $9.86 billion, a P/E ratio of 35.71, a PEG ratio of 3.20 and a beta of 0.66. The company has a 50 day simple moving average of $102.08 and a 200-day simple moving average of $112.89.

BWX Technologies (NYSE:BWXT - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The technology company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.18. The firm had revenue of $682.26 million for the quarter, compared to analyst estimates of $644.15 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The business's revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.76 EPS. As a group, research analysts expect that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Monday, May 19th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.93%. The ex-dividend date is Monday, May 19th. BWX Technologies's dividend payout ratio (DPR) is 32.57%.

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.