BWX Technologies, Inc. (NYSE:BWXT) Shares Sold by Man Group plc

Man Group plc reduced its stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 65.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,374 shares of the technology company's stock after selling 10,393 shares during the quarter. Man Group plc's holdings in BWX Technologies were worth $599,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Barclays PLC lifted its holdings 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 buying an additional 24,149 shares during the period. Ballentine Partners LLC bought a new position in BWX Technologies in the 4th quarter worth $209,000. Janney Montgomery Scott LLC raised its holdings in BWX Technologies by 3.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 13,634 shares of the technology company's stock worth $1,519,000 after purchasing an additional 498 shares during the period. Exchange Traded Concepts LLC increased its stake in BWX Technologies by 121.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 28,567 shares of the technology company's stock worth $3,182,000 after buying an additional 15,639 shares in the last quarter. Finally, Arkfeld Wealth Strategies L.L.C. increased its stake in BWX Technologies by 5.7% in the 4th quarter. Arkfeld Wealth Strategies L.L.C. now owns 18,733 shares of the technology company's stock worth $2,146,000 after buying an additional 1,002 shares in the last quarter. 94.39% of the stock is owned by institutional investors.

BWX Technologies Trading Down 1.0%

NYSE BWXT traded down $1.23 during trading on Thursday, hitting $125.36. The stock had a trading volume of 826,128 shares, compared to its average volume of 828,529. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25. The stock has a market capitalization of $11.45 billion, a price-to-earnings ratio of 41.56, a P/E/G ratio of 3.20 and a beta of 0.66. BWX Technologies, Inc. has a one year low of $84.21 and a one year high of $136.31. The stock has a 50 day simple moving average of $105.81 and a 200 day simple moving average of $111.80.

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

BWX Technologies Announces Dividend

The business 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 0.80%. The ex-dividend date of this dividend is Monday, May 19th. BWX Technologies's dividend payout ratio is presently 31.85%.

Insider Activity at BWX Technologies

In related news, SVP Robert L. Duffy sold 6,000 shares of BWX Technologies stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 3,206 shares of the company's stock, valued at $333,520.18. This trade represents a 65.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.47% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

BWXT has been the subject of a number of analyst reports. Maxim Group cut their price target on BWX Technologies from $140.00 to $136.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. William Blair assumed coverage on BWX Technologies in a research report on Wednesday. They set an "outperform" rating for the company. Bank of America lowered their price target on shares of BWX Technologies from $160.00 to $135.00 and set a "buy" rating for the company in a report on Wednesday, March 26th. Seaport Res Ptn raised shares of BWX Technologies to a "strong-buy" rating in a report on Tuesday, April 1st. Finally, CLSA reaffirmed an "outperform" rating and issued a $177.60 price target (up previously from $153.00) on shares of BWX Technologies in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, BWX Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $129.84.

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.