BWX Technologies, Inc. (NYSE:BWXT) Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. reduced its stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 15.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,507 shares of the technology company's stock after selling 18,548 shares during the period. Harbor Capital Advisors Inc. owned 0.12% of BWX Technologies worth $10,408,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Farther Finance Advisors LLC lifted its position in shares of BWX Technologies by 109.6% in the 1st quarter. Farther Finance Advisors LLC now owns 459 shares of the technology company's stock worth $46,000 after purchasing an additional 240 shares during the period. CHICAGO TRUST Co NA purchased a new stake in shares of BWX Technologies in the 1st quarter worth approximately $354,000. Park Avenue Securities LLC lifted its position in shares of BWX Technologies by 11.4% in the 1st quarter. Park Avenue Securities LLC now owns 5,508 shares of the technology company's stock worth $543,000 after purchasing an additional 563 shares during the period. Miracle Mile Advisors LLC lifted its position in shares of BWX Technologies by 0.8% in the 1st quarter. Miracle Mile Advisors LLC now owns 18,669 shares of the technology company's stock worth $1,842,000 after purchasing an additional 151 shares during the period. Finally, UMB Bank n.a. lifted its position in shares of BWX Technologies by 80.5% in the 1st quarter. UMB Bank n.a. now owns 915 shares of the technology company's stock worth $90,000 after purchasing an additional 408 shares during the period. 94.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on BWXT shares. Bank of America decreased their target price on shares of BWX Technologies from $160.00 to $135.00 and set a "buy" rating for the company in a research report on Wednesday, March 26th. Seaport Res Ptn raised shares of BWX Technologies to a "strong-buy" rating in a research report on Tuesday, April 1st. CLSA reissued an "outperform" rating and set a $177.60 target price (up previously from $153.00) on shares of BWX Technologies in a research report on Tuesday, May 27th. William Blair started coverage on shares of BWX Technologies in a research report on Wednesday, May 28th. They set an "outperform" rating for the company. Finally, Maxim Group decreased their price target 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. One analyst has rated the stock with a sell rating, two have issued 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, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $129.84.

BWX Technologies Stock Performance

Shares of NYSE:BWXT traded up $4.15 during midday trading on Wednesday, reaching $135.86. The company's stock had a trading volume of 1,436,508 shares, compared to its average volume of 852,943. The firm has a market capitalization of $12.41 billion, a PE ratio of 44.99, a P/E/G ratio of 3.20 and a beta of 0.66. BWX Technologies, Inc. has a twelve month low of $84.21 and a twelve month high of $136.31. The stock has a fifty day moving average of $111.73 and a 200 day moving average of $111.81. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15.

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

BWX Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.00 annualized dividend and a yield of 0.74%. BWX Technologies's dividend payout ratio is presently 31.85%.

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.