BWX Technologies, Inc. (NYSE:BWXT) Shares Acquired by Royal Bank of Canada

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

A number of other institutional investors and hedge funds also recently modified their holdings of BWXT. Barclays PLC increased its stake in shares of BWX Technologies by 59.8% during the 3rd quarter. Barclays PLC now owns 64,525 shares of the technology company's stock valued at $7,014,000 after acquiring an additional 24,149 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in BWX Technologies by 49.3% in the fourth quarter. Park Avenue Securities LLC now owns 4,945 shares of the technology company's stock valued at $551,000 after acquiring an additional 1,633 shares during the last quarter. UMB Bank n.a. boosted its holdings in BWX Technologies by 97.3% in the fourth quarter. UMB Bank n.a. now owns 507 shares of the technology company's stock valued at $56,000 after acquiring an additional 250 shares during the last quarter. Ballentine Partners LLC acquired a new position in BWX Technologies in the fourth quarter valued at $209,000. Finally, Janney Montgomery Scott LLC boosted its holdings in BWX Technologies by 3.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 13,634 shares of the technology company's stock valued at $1,519,000 after acquiring an additional 498 shares during the last quarter. Institutional investors and hedge funds own 94.39% of the company's stock.

BWX Technologies Stock Up 3.3%

BWX Technologies stock traded up $4.07 during midday trading on Wednesday, hitting $126.43. 1,588,704 shares of the company were exchanged, compared to its average volume of 1,019,111. The company's fifty day moving average price is $105.26 and its 200-day moving average price is $111.70. The company has a market cap of $11.55 billion, a PE ratio of 41.81, a price-to-earnings-growth ratio of 3.20 and a beta of 0.66. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. BWX Technologies, Inc. has a fifty-two week low of $84.21 and a fifty-two week high of $136.31.

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, topping 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 firm had revenue of $682.26 million for the quarter, compared to analyst estimates of $644.15 million. During the same period in the previous year, the company posted $0.76 EPS. BWX Technologies'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 fiscal year.

BWX Technologies Announces Dividend

The firm 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 $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend is Monday, May 19th. BWX Technologies's payout ratio is 31.85%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on BWXT shares. CLSA boosted their target price on BWX Technologies from $153.00 to $177.60 and gave the stock an "outperform" rating in a report on Tuesday. Seaport Res Ptn upgraded BWX Technologies to a "strong-buy" rating in a report on Tuesday, April 1st. Maxim Group decreased their target price on BWX Technologies from $140.00 to $136.00 and set a "buy" rating for the company in a report on Thursday, May 8th. William Blair started coverage on BWX Technologies in a report on Wednesday. They set an "outperform" rating for the company. Finally, Bank of America decreased their target price on BWX Technologies from $160.00 to $135.00 and set a "buy" rating for the company in a report on Wednesday, March 26th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $129.84.

Insider Buying and Selling at BWX Technologies

In other BWX Technologies news, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the company'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 value of $209,840.00. Following the transaction, the senior vice president now directly owns 9,904 shares of the company's stock, valued at $1,039,127.68. This represents a 16.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Robert L. Duffy sold 6,000 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The shares were 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 directly owns 3,206 shares in the company, valued at approximately $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. 0.47% of the stock is currently owned by corporate insiders.

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.