Cetera Investment Advisers Has $2.87 Million Stock Position in BWX Technologies, Inc. (NYSE:BWXT)

Cetera Investment Advisers raised its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 38.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,763 shares of the technology company's stock after buying an additional 7,190 shares during the quarter. Cetera Investment Advisers' holdings in BWX Technologies were worth $2,870,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of BWXT. Demars Financial Group LLC lifted its holdings in shares of BWX Technologies by 9,309.0% during the fourth 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. bought a new stake in shares of BWX Technologies during the fourth quarter valued at approximately $69,730,000. Balyasny Asset Management L.P. increased its position in shares of BWX Technologies by 204.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 916,323 shares of the technology company's stock valued at $102,069,000 after purchasing an additional 615,693 shares during the period. Stephens Investment Management Group LLC bought a new stake in shares of BWX Technologies during the fourth quarter valued at approximately $50,054,000. Finally, Van ECK Associates Corp increased its position in shares of BWX Technologies by 46.7% during the fourth 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 period. 94.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other BWX Technologies news, SVP Robert L. Duffy sold 6,000 shares of the 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 transaction, the senior vice president now owns 3,206 shares of the company's stock, valued at approximately $333,520.18. This represents a 65.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Rex D. Geveden sold 45,625 shares of the stock in a transaction dated 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 in the company, valued at $23,436,613.20. The trade was a 17.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 53,625 shares of company stock valued at $5,734,145 over the last 90 days. 0.47% of the stock is owned by company insiders.

BWX Technologies Price Performance

Shares of BWXT stock traded up $12.26 during trading hours on Friday, hitting $119.88. 2,592,662 shares of the company's stock were exchanged, compared to its average volume of 813,596. The stock's 50-day moving average is $104.47 and its 200-day moving average is $111.77. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. The stock has a market cap of $10.95 billion, a price-to-earnings ratio of 39.70, a price-to-earnings-growth ratio of 3.20 and a beta of 0.66. BWX Technologies, Inc. has a 52 week low of $84.21 and a 52 week high of $136.31.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its 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. The company had revenue of $682.26 million for the quarter, compared to analysts' expectations 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 for the quarter was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.76 earnings per share. As a group, research analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Monday, May 19th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Monday, May 19th. BWX Technologies's dividend payout ratio (DPR) is presently 31.85%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on BWXT shares. Maxim Group lowered their price target 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. Bank of America lowered their price target 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, Seaport Res Ptn upgraded 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 given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, BWX Technologies has an average rating of "Moderate Buy" and a consensus target price of $123.88.

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.