Cadinha & Co. LLC Cuts Position in BWX Technologies, Inc. (NYSE:BWXT)

Cadinha & Co. LLC reduced its stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 96.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,157 shares of the technology company's stock after selling 62,184 shares during the period. Cadinha & Co. LLC's holdings in BWX Technologies were worth $213,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of BWXT. HHM Wealth Advisors LLC boosted its holdings in BWX Technologies by 45.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company's stock valued at $32,000 after purchasing an additional 90 shares in the last quarter. Ameriflex Group Inc. purchased a new position in shares of BWX Technologies in the fourth quarter valued at $34,000. Principal Securities Inc. increased its position in BWX Technologies by 40.4% during the 4th quarter. Principal Securities Inc. now owns 316 shares of the technology company's stock worth $35,000 after purchasing an additional 91 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in BWX Technologies by 200.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 354 shares of the technology company's stock worth $35,000 after buying an additional 236 shares during the last quarter. Finally, Vermillion Wealth Management Inc. acquired a new position in shares of BWX Technologies in the 4th quarter valued at about $40,000. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

BWX Technologies Trading Up 1.3%

Shares of BWXT stock traded up $1.66 during trading hours on Tuesday, reaching $127.76. The company's stock had a trading volume of 418,332 shares, compared to its average volume of 831,111. The stock has a market capitalization of $11.67 billion, a P/E ratio of 42.30, a P/E/G ratio of 3.20 and a beta of 0.66. BWX Technologies, Inc. has a one year low of $84.21 and a one year high of $136.31. The firm's fifty day simple moving average is $107.12 and its 200 day simple moving average is $111.53. 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 issued its quarterly earnings results on Monday, May 5th. The technology company reported $0.91 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $644.15 million. During the same quarter in the prior year, the business posted $0.76 earnings per share. The business's quarterly revenue was up 13.0% on a year-over-year basis. Equities research analysts expect that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Monday, May 19th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.00 annualized dividend and a yield of 0.78%. BWX Technologies's dividend payout ratio (DPR) is presently 31.85%.

Insider Transactions at BWX Technologies

In other news, SVP Robert L. Duffy sold 6,000 shares of the business'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 $333,520.18. The trade was a 65.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.47% of the company's stock.

Wall Street Analysts Forecast Growth

BWXT has been the subject of a number of research analyst reports. William Blair assumed coverage on BWX Technologies in a report on Wednesday, May 28th. They issued an "outperform" rating for the company. Maxim Group cut their target price on BWX Technologies from $140.00 to $136.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Seaport Res Ptn raised BWX Technologies to a "strong-buy" rating in a research report on Tuesday, April 1st. Bank of America dropped their target price on BWX Technologies from $160.00 to $135.00 and set a "buy" rating on the stock in a research report on Wednesday, March 26th. Finally, CLSA reiterated an "outperform" rating and set a $177.60 price target (up previously from $153.00) on shares of BWX Technologies in a research note on Tuesday, May 27th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $129.84.

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.