Polar Asset Management Partners Inc. Sells 2,900 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Polar Asset Management Partners Inc. decreased its holdings in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 24.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,900 shares of the technology company's stock after selling 2,900 shares during the quarter. Polar Asset Management Partners Inc.'s holdings in BWX Technologies were worth $991,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Demars Financial Group LLC boosted its stake in shares of BWX Technologies by 9,309.0% in the 4th quarter. Demars Financial Group LLC now owns 4,482,439 shares of the technology company's stock worth $499,299,000 after buying an additional 4,434,799 shares during the last quarter. Raymond James Financial Inc. purchased a new position in BWX Technologies in the fourth quarter worth about $69,730,000. Balyasny Asset Management L.P. boosted its position in BWX Technologies by 204.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 916,323 shares of the technology company's stock worth $102,069,000 after purchasing an additional 615,693 shares during the last quarter. Stephens Investment Management Group LLC bought a new stake in shares of BWX Technologies during the 4th quarter valued at about $50,054,000. Finally, Van ECK Associates Corp increased its position in shares of BWX Technologies by 46.7% during the 4th quarter. Van ECK Associates Corp now owns 1,408,736 shares of the technology company's stock valued at $156,919,000 after purchasing an additional 448,467 shares during the last quarter. Institutional investors own 94.39% of the company's stock.

BWX Technologies Price Performance

BWX Technologies stock traded up $8.80 during mid-day trading on Friday, hitting $116.42. The stock had a trading volume of 687,415 shares, compared to its average volume of 805,238. BWX Technologies, Inc. has a one year low of $84.21 and a one 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. The firm has a market capitalization of $10.64 billion, a P/E ratio of 38.56, a P/E/G ratio of 3.20 and a beta of 0.66. The firm's 50 day moving average is $104.05 and its 200 day moving average is $111.75.

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

BWX Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Monday, May 19th will be paid a $0.25 dividend. The ex-dividend date is Monday, May 19th. This represents a $1.00 annualized dividend and a yield of 0.86%. BWX Technologies's payout ratio is 31.85%.

Insiders Place Their Bets

In other BWX Technologies news, CEO Rex D. Geveden sold 45,625 shares of BWX Technologies stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $107.40, for a total value of $4,900,125.00. Following the completion of the transaction, the chief executive officer now directly owns 218,218 shares of the company's stock, valued at $23,436,613.20. This trade represents a 17.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Robert L. Duffy sold 6,000 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $104.03, for a total transaction of $624,180.00. Following the completion of the sale, the senior vice president now directly owns 3,206 shares in the company, valued at approximately $333,520.18. This represents a 65.17% decrease in their position. The disclosure for this sale can be found here. Insiders sold 53,625 shares of company stock worth $5,734,145 in the last three months. 0.47% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on BWXT shares. Bank of America dropped their price objective on shares of BWX Technologies from $160.00 to $135.00 and set a "buy" rating on the stock in a report on Wednesday, March 26th. Maxim Group dropped their price target on shares of BWX Technologies from $140.00 to $136.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Finally, Seaport Res Ptn raised shares of BWX Technologies to a "strong-buy" rating in a research report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $123.88.

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.