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

Man Group plc decreased its position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 65.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. HHM Wealth Advisors LLC raised its holdings in BWX Technologies by 45.0% during the 4th quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company's stock valued at $32,000 after buying an additional 90 shares during the period. Principal Securities Inc. grew its holdings in BWX Technologies by 40.4% during the 4th quarter. Principal Securities Inc. now owns 316 shares of the technology company's stock valued at $35,000 after purchasing an additional 91 shares during the last quarter. V Square Quantitative Management LLC raised its position in BWX Technologies by 40.5% in the 4th quarter. V Square Quantitative Management LLC now owns 406 shares of the technology company's stock worth $45,000 after purchasing an additional 117 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of BWX Technologies during the fourth quarter valued at approximately $58,000. Finally, R Squared Ltd purchased a new stake in shares of BWX Technologies in the fourth quarter worth approximately $68,000. Institutional investors own 94.39% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BWXT. William Blair started coverage on shares of BWX Technologies in a report on Wednesday. They set an "outperform" rating for the company. CLSA reaffirmed an "outperform" rating and set a $177.60 target price (up from $153.00) on shares of BWX Technologies in a research report on Tuesday. Bank of America dropped 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. Maxim Group decreased their price objective on BWX Technologies from $140.00 to $136.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Finally, Seaport Res Ptn raised shares of BWX Technologies to a "strong-buy" rating in a research note on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $129.84.

Insider Activity

In related news, SVP Robert L. Duffy sold 6,000 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $104.03, for a total value of $624,180.00. Following the sale, the senior vice president now owns 3,206 shares in the company, valued at $333,520.18. This represents a 65.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.47% of the company's stock.

BWX Technologies Stock Down 0.6%

BWX Technologies stock traded down $0.70 during trading hours on Friday, reaching $124.55. The stock had a trading volume of 112,653 shares, compared to its average volume of 1,020,624. The company has a market cap of $11.38 billion, a price-to-earnings ratio of 41.19, a PEG ratio of 3.20 and a beta of 0.66. The business's 50 day moving average price is $106.23 and its 200-day moving average price is $111.80. BWX Technologies, Inc. has a 52 week low of $84.21 and a 52 week high of $136.31. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its earnings results on Monday, May 5th. The technology company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.18. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The company had revenue of $682.26 million during the quarter, compared to the consensus estimate of $644.15 million. During the same period last year, the firm earned $0.76 earnings per share. BWX Technologies's revenue was up 13.0% compared to the same quarter last year. Sell-side analysts anticipate 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. Shareholders of record on Monday, May 19th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, May 19th. This represents a $1.00 annualized dividend and a yield of 0.80%. BWX Technologies's payout ratio is presently 31.85%.

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.