Headlands Technologies LLC Acquires 2,130 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Key Points

• Headlands Technologies LLC increased its stake in BWX Technologies by 240.7% during the first quarter, owning 3,015 shares valued at roughly $297,000.
• Insider selling occurred recently, with CEO Rex D. Geveden selling 25,000 shares for approximately $4.48 million, representing an 11.23% decrease in his ownership.
• BWX Technologies announced a quarterly dividend of $0.25 per share, with a dividend yield of 0.6%, scheduled for payment on September 5th.

Headlands Technologies LLC boosted its position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 240.7% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 3,015 shares of the technology company's stock after acquiring an additional 2,130 shares during the period. Headlands Technologies LLC's holdings in BWX Technologies were worth $297,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its holdings in BWX Technologies by 0.6% during the 4th quarter. Envestnet Asset Management Inc. now owns 245,632 shares of the technology company's stock valued at $27,361,000 after buying an additional 1,484 shares in the last quarter. Renaissance Technologies LLC grew its holdings in BWX Technologies by 41.1% during the 4th quarter. Renaissance Technologies LLC now owns 187,900 shares of the technology company's stock valued at $20,930,000 after buying an additional 54,700 shares in the last quarter. Treasurer of the State of North Carolina grew its holdings in BWX Technologies by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 40,085 shares of the technology company's stock valued at $4,465,000 after buying an additional 250 shares in the last quarter. Sterling Capital Management LLC grew its holdings in BWX Technologies by 48.2% during the 4th quarter. Sterling Capital Management LLC now owns 4,601 shares of the technology company's stock valued at $513,000 after buying an additional 1,496 shares in the last quarter. Finally, Rockefeller Capital Management L.P. grew its holdings in BWX Technologies by 8.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 21,527 shares of the technology company's stock valued at $2,398,000 after buying an additional 1,636 shares in the last quarter. 94.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BWXT has been the subject of a number of recent analyst reports. CLSA reaffirmed an "outperform" rating and set a $177.60 target price (up previously from $153.00) on shares of BWX Technologies in a report on Tuesday, May 27th. William Blair reaffirmed an "outperform" rating on shares of BWX Technologies in a report on Wednesday, June 18th. Wall Street Zen lowered BWX Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Bank of America boosted their price objective on BWX Technologies from $155.00 to $220.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $150.00 price objective (up previously from $119.00) on shares of BWX Technologies in a report on Tuesday, July 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $154.51.

Insider Transactions at BWX Technologies

In other news, SVP Omar Fathi Meguid sold 2,261 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $179.84, for a total transaction of $406,618.24. Following the completion of the sale, the senior vice president owned 2,361 shares of the company's stock, valued at approximately $424,602.24. This represents a 48.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Rex D. Geveden sold 25,000 shares of the stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $179.00, for a total value of $4,475,000.00. Following the sale, the chief executive officer directly owned 197,594 shares of the company's stock, valued at approximately $35,369,326. This trade represents a 11.23% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,953 shares of company stock worth $5,359,758. 0.47% of the stock is owned by corporate insiders.

BWX Technologies Price Performance

Shares of NYSE BWXT traded down $2.08 during midday trading on Thursday, hitting $174.68. 313,295 shares of the company's stock were exchanged, compared to its average volume of 1,120,818. The business's fifty day moving average price is $146.79 and its two-hundred day moving average price is $120.56. The company has a market cap of $15.97 billion, a price-to-earnings ratio of 54.59, a PEG ratio of 4.26 and a beta of 0.73. BWX Technologies, Inc. has a 12-month low of $84.21 and a 12-month high of $189.25. The company has a current ratio of 1.69, a quick ratio of 1.60 and a debt-to-equity ratio of 1.28.

BWX Technologies (NYSE:BWXT - Get Free Report) last released its earnings results on Monday, August 4th. The technology company reported $1.02 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.23. The company had revenue of $764.00 million during the quarter, compared to the consensus estimate of $708.00 million. BWX Technologies had a return on equity of 30.61% and a net margin of 10.28%. BWX Technologies's quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.82 EPS. As a group, research analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Monday, August 18th will be given a $0.25 dividend. The ex-dividend date is Monday, August 18th. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. BWX Technologies's payout ratio is presently 31.25%.

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.