Narwhal Capital Management Reduces Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Narwhal Capital Management lowered its stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 9.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,991 shares of the technology company's stock after selling 1,988 shares during the quarter. Narwhal Capital Management's holdings in BWX Technologies were worth $1,873,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Demars Financial Group LLC grew its stake in shares of BWX Technologies by 9,309.0% in the fourth quarter. Demars Financial Group LLC now owns 4,482,439 shares of the technology company's stock valued at $499,299,000 after buying an additional 4,434,799 shares in the last quarter. Raymond James Financial Inc. acquired a new position in BWX Technologies during the 4th quarter worth about $69,730,000. Balyasny Asset Management L.P. boosted its holdings in BWX Technologies by 204.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 916,323 shares of the technology company's stock valued at $102,069,000 after acquiring an additional 615,693 shares during the period. Blair William & Co. IL grew its position in BWX Technologies by 949.0% in the 4th quarter. Blair William & Co. IL now owns 424,821 shares of the technology company's stock valued at $47,321,000 after acquiring an additional 384,323 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in BWX Technologies by 248.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 453,680 shares of the technology company's stock valued at $50,537,000 after acquiring an additional 323,445 shares in the last quarter. Hedge funds and other institutional investors own 94.39% of the company's stock.

Analyst Ratings Changes

BWXT has been the topic of several research reports. Seaport Res Ptn raised shares of BWX Technologies to a "strong-buy" rating in a research report on Tuesday, April 1st. Maxim Group cut their target price on shares of BWX Technologies from $140.00 to $136.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. William Blair reissued an "outperform" rating on shares of BWX Technologies in a research report on Wednesday, June 18th. Bank of America cut their price objective 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, CLSA reiterated an "outperform" rating and issued a $177.60 price objective (up from $153.00) on shares of BWX Technologies in a research note on Tuesday, May 27th. One analyst has rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $132.33.

BWX Technologies Stock Up 1.0%

Shares of NYSE:BWXT traded up $1.45 during trading hours on Friday, reaching $143.32. The stock had a trading volume of 1,326,136 shares, compared to its average volume of 901,071. BWX Technologies, Inc. has a 1 year low of $84.21 and a 1 year high of $145.33. The firm's 50 day moving average is $120.58 and its 200-day moving average is $112.69. The stock has a market capitalization of $13.09 billion, a price-to-earnings ratio of 45.64, a P/E/G ratio of 3.54 and a beta of 0.66. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.91 and a current ratio of 2.02.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its earnings results on Monday, May 5th. The technology company reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.73 by $0.18. BWX Technologies had a net margin of 10.39% and a return on equity of 30.26%. The firm had revenue of $682.26 million during the quarter, compared to the consensus estimate of $644.15 million. During the same quarter in the previous year, the firm posted $0.76 earnings per share. The company's revenue was up 13.0% compared to the same quarter last year. Research analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, May 19th. This represents a $1.00 dividend on an annualized basis and a yield of 0.70%. BWX Technologies's payout ratio is currently 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.