BWX Technologies, Inc. (NYSE:BWXT) Shares Bought by Ameriprise Financial Inc.

Ameriprise Financial Inc. grew its position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 43.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 173,851 shares of the technology company's stock after buying an additional 52,598 shares during the period. Ameriprise Financial Inc. owned 0.19% of BWX Technologies worth $19,365,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of BWXT. Narwhal Capital Management boosted its stake in BWX Technologies by 33.4% in the fourth quarter. Narwhal Capital Management now owns 20,979 shares of the technology company's stock valued at $2,337,000 after acquiring an additional 5,250 shares in the last quarter. Cadinha & Co. LLC lifted its holdings in shares of BWX Technologies by 469.2% during 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 during the last quarter. Strategic Planning Group LLC acquired a new stake in shares of BWX Technologies in the 4th quarter worth $3,005,000. Diversify Advisory Services LLC purchased a new position in BWX Technologies during the 4th quarter worth $325,000. Finally, Calamos Advisors LLC acquired a new stake in BWX Technologies in the fourth quarter worth about $954,000. Hedge funds and other institutional investors own 94.39% of the company's stock.

BWX Technologies Stock Performance

BWXT traded up $0.21 during midday trading on Monday, hitting $109.90. 535,374 shares of the company were exchanged, compared to its average volume of 801,974. The company's 50 day simple moving average is $103.21 and its 200 day simple moving average is $111.96. The firm has a market capitalization of $10.04 billion, a price-to-earnings ratio of 36.39, a price-to-earnings-growth 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 company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its quarterly 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 return on equity of 31.95% and a net margin of 10.32%. The company had revenue of $682.26 million during the quarter, compared to analysts' expectations of $644.15 million. During the same period last year, the business earned $0.76 earnings per share. BWX Technologies's quarterly revenue was up 13.0% on a year-over-year basis. As a group, sell-side analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, May 19th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend is Monday, May 19th. BWX Technologies's dividend payout ratio (DPR) is presently 31.85%.

Wall Street Analysts Forecast Growth

BWXT has been the subject of several research analyst reports. Seaport Res Ptn raised shares of BWX Technologies to a "strong-buy" rating in a research report on Tuesday, April 1st. Bank of America lowered their price objective on shares of BWX Technologies from $160.00 to $135.00 and set a "buy" rating for the company in a research note on Wednesday, March 26th. Finally, Maxim Group dropped their price objective on shares of 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 given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $123.88.

Insider Activity at BWX Technologies

In related news, SVP Robert L. Duffy sold 6,000 shares of the company'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 transaction, the senior vice president now owns 3,206 shares of the company's stock, valued at approximately $333,520.18. This represents a 65.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was 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 in the company, valued at $1,039,127.68. This represents a 16.80% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 53,625 shares of company stock worth $5,734,145. 0.47% of the stock is owned by company insiders.

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.