Royal Bank of Canada Grows Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Royal Bank of Canada grew its stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 7.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 253,390 shares of the technology company's stock after buying an additional 16,961 shares during the period. Royal Bank of Canada owned approximately 0.28% of BWX Technologies worth $28,225,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Narwhal Capital Management grew its stake in BWX Technologies by 33.4% in the 4th 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 in the last quarter. Strategic Planning Group LLC bought a new stake in shares of BWX Technologies in the 4th quarter worth approximately $3,005,000. Calamos Advisors LLC bought a new stake in shares of BWX Technologies in the 4th quarter worth approximately $954,000. Capital Investment Advisory Services LLC bought a new stake in shares of BWX Technologies in the 4th quarter worth approximately $380,000. Finally, PFG Advisors lifted its holdings in shares of BWX Technologies by 69.1% in the 4th quarter. PFG Advisors now owns 17,514 shares of the technology company's stock worth $1,951,000 after acquiring an additional 7,154 shares during the last quarter. Hedge funds and other institutional investors own 94.39% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Maxim Group lowered their price objective on shares of BWX Technologies from $140.00 to $136.00 and set a "buy" rating for the company in a report on Thursday, May 8th. 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 report on Wednesday, March 26th. William Blair assumed coverage on shares of BWX Technologies in a report on Wednesday. They issued an "outperform" rating for the company. CLSA restated an "outperform" rating and issued a $177.60 price objective (up from $153.00) on shares of BWX Technologies in a report on Tuesday. Finally, Seaport Res Ptn upgraded shares of BWX Technologies to a "strong-buy" rating in a report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, BWX Technologies has an average rating of "Moderate Buy" and a consensus price target of $129.84.

BWX Technologies Trading Down 0.9%

NYSE:BWXT traded down $1.15 during midday trading on Thursday, reaching $125.44. 458,794 shares of the stock traded hands, compared to its average volume of 827,010. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25. BWX Technologies, Inc. has a 12 month low of $84.21 and a 12 month high of $136.31. The stock has a market capitalization of $11.46 billion, a P/E ratio of 41.51, a PEG ratio of 3.20 and a beta of 0.66. The company has a fifty day moving average of $105.81 and a 200 day moving average of $111.80.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The technology company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.73 by $0.18. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The business had revenue of $682.26 million during the quarter, compared to analyst estimates of $644.15 million. During the same period in the prior year, the business earned $0.76 EPS. The company's revenue for the quarter was up 13.0% on a year-over-year basis. On average, research analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Announces Dividend

The business 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 $0.25 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.00 annualized dividend and a yield of 0.80%. BWX Technologies's dividend payout ratio (DPR) is presently 31.85%.

Insiders Place Their Bets

In other news, SVP Robert L. Duffy sold 6,000 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were 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 of the company's stock, valued at $333,520.18. This represents a 65.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.47% of the company's stock.

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.