Narwhal Capital Management Sells 1,988 Shares of BWX Technologies, Inc. (NYSE:BWXT)

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

A number of other institutional investors have also added to or reduced their stakes in BWXT. Demars Financial Group LLC increased its holdings in BWX Technologies by 9,309.0% during the fourth quarter. Demars Financial Group LLC now owns 4,482,439 shares of the technology company's stock worth $499,299,000 after buying an additional 4,434,799 shares during the last quarter. Raymond James Financial Inc. acquired a new position in BWX Technologies during the fourth quarter worth $69,730,000. Balyasny Asset Management L.P. increased its holdings in BWX Technologies by 204.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 916,323 shares of the technology company's stock worth $102,069,000 after buying an additional 615,693 shares during the last quarter. Blair William & Co. IL increased its holdings in BWX Technologies by 949.0% during the fourth quarter. Blair William & Co. IL now owns 424,821 shares of the technology company's stock worth $47,321,000 after buying an additional 384,323 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in BWX Technologies by 248.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 453,680 shares of the technology company's stock worth $50,537,000 after buying an additional 323,445 shares during the last quarter. 94.39% of the stock is currently owned by institutional investors and hedge funds.

BWX Technologies Stock Performance

Shares of BWX Technologies stock traded up $0.33 during trading on Tuesday, reaching $142.39. The company's stock had a trading volume of 1,126,688 shares, compared to its average volume of 892,781. The business's 50-day moving average price is $119.07 and its 200-day moving average price is $112.36. The firm has a market cap of $13.01 billion, a PE ratio of 45.35, a P/E/G ratio of 3.57 and a beta of 0.66. BWX Technologies, Inc. has a 52 week low of $84.21 and a 52 week high of $145.33. The company has a quick ratio of 1.91, a current ratio of 2.02 and a debt-to-equity ratio of 1.08.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.73 by $0.18. The company had revenue of $682.26 million during the quarter, compared to analysts' expectations of $644.15 million. BWX Technologies had a net margin of 10.39% and a return on equity of 30.26%. BWX Technologies's quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.76 earnings per share. Equities analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Announces Dividend

The company also recently disclosed 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 0.70%. BWX Technologies's dividend payout ratio is 31.85%.

Wall Street Analysts Forecast Growth

BWXT has been the subject of a number of research analyst reports. Seaport Res Ptn raised shares of BWX Technologies to a "strong-buy" rating in a research report on Tuesday, April 1st. Maxim Group reduced their price objective on shares of BWX Technologies from $140.00 to $136.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Bank of America reduced their price objective 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. CLSA reaffirmed an "outperform" rating and set a $177.60 price objective (up from $153.00) on shares of BWX Technologies in a research report on Tuesday, May 27th. Finally, William Blair reaffirmed an "outperform" rating on shares of BWX Technologies in a research report on Wednesday, June 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, BWX Technologies has an average rating of "Moderate Buy" and a consensus target price of $129.84.

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.