Barbara Oil Co. Purchases 5,975 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Key Points

• Barbara Oil Co. increased its holdings in BWX Technologies by 104.8% during the first quarter, now owning a total of 11,675 shares worth approximately $1.15 million.
• CEO Rex D. Geveden sold 25,000 shares for about $4.48 million, reducing his ownership by 11.23%, while other insiders also sold shares in the last quarter.
• BWX Technologies recently reported earnings that exceeded analyst expectations, with a quarterly revenue of $764 million, and announced a quarterly dividend of $0.25 per share.

Barbara Oil Co. grew its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 104.8% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 11,675 shares of the technology company's stock after purchasing an additional 5,975 shares during the period. Barbara Oil Co.'s holdings in BWX Technologies were worth $1,152,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Stone House Investment Management LLC purchased a new position in shares of BWX Technologies during the first quarter valued at approximately $31,000. Ameriflex Group Inc. purchased a new position in shares of BWX Technologies during the fourth quarter valued at approximately $34,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of BWX Technologies by 200.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 354 shares of the technology company's stock valued at $35,000 after purchasing an additional 236 shares during the last quarter. HHM Wealth Advisors LLC lifted its holdings in shares of BWX Technologies by 34.5% during the first quarter. HHM Wealth Advisors LLC now owns 390 shares of the technology company's stock valued at $38,000 after purchasing an additional 100 shares during the last quarter. Finally, Vermillion Wealth Management Inc. purchased a new position in shares of BWX Technologies during the fourth quarter valued at approximately $40,000. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at BWX Technologies

In other BWX Technologies news, CEO Rex D. Geveden sold 25,000 shares of the business's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $179.00, for a total transaction of $4,475,000.00. Following the completion of the sale, the chief executive officer directly owned 197,594 shares in the company, valued at approximately $35,369,326. The trade was a 11.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Leland D. Melvin sold 600 shares of the business's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $178.26, for a total transaction of $106,956.00. Following the sale, the director owned 5,579 shares of the company's stock, valued at approximately $994,512.54. This represents a 9.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,953 shares of company stock valued at $5,359,758 in the last quarter. 0.47% of the stock is currently owned by corporate insiders.

BWX Technologies Price Performance

Shares of BWXT opened at $173.49 on Friday. The firm has a market cap of $15.86 billion, a PE ratio of 54.22, a P/E/G ratio of 3.96 and a beta of 0.73. The company has a current ratio of 1.69, a quick ratio of 1.60 and a debt-to-equity ratio of 1.28. The firm has a fifty day simple moving average of $148.58 and a two-hundred day simple moving average of $121.42. BWX Technologies, Inc. has a 1-year low of $84.21 and a 1-year high of $189.25.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its earnings results on Monday, August 4th. The technology company reported $1.02 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.23. The business had revenue of $764.00 million during the quarter, compared to analyst estimates of $708.00 million. BWX Technologies had a net margin of 10.28% and a return on equity of 30.61%. The company's quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.82 EPS. On average, equities analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Monday, August 18th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, August 18th. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. BWX Technologies's payout ratio is currently 31.25%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BWXT. Bank of America boosted their price objective on shares of BWX Technologies from $155.00 to $220.00 and gave the stock a "buy" rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $150.00 price objective (up from $119.00) on shares of BWX Technologies in a report on Tuesday, July 8th. William Blair restated an "outperform" rating on shares of BWX Technologies in a report on Wednesday, June 18th. Wall Street Zen lowered shares of BWX Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Maxim Group restated a "hold" rating on shares of BWX Technologies in a report on Wednesday, August 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, BWX Technologies has a consensus rating of "Moderate Buy" and an average price target of $154.51.

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.

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