Nomura Holdings Inc. Buys New Stake in BWX Technologies, Inc. (NYSE:BWXT)

Nomura Holdings Inc. purchased a new stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 12,134 shares of the technology company's stock, valued at approximately $1,352,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of BWXT. HHM Wealth Advisors LLC lifted its stake in BWX Technologies by 45.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company's stock valued at $32,000 after purchasing an additional 90 shares during the last quarter. Principal Securities Inc. boosted its stake in shares of BWX Technologies by 40.4% during the 4th quarter. Principal Securities Inc. now owns 316 shares of the technology company's stock worth $35,000 after acquiring an additional 91 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of BWX Technologies by 0.4% in the 4th quarter. Louisiana State Employees Retirement System now owns 25,400 shares of the technology company's stock worth $2,829,000 after acquiring an additional 100 shares during the last quarter. Utah Retirement Systems grew its holdings in shares of BWX Technologies by 2.1% in the 4th quarter. Utah Retirement Systems now owns 4,900 shares of the technology company's stock worth $546,000 after acquiring an additional 100 shares during the last quarter. Finally, AdvisorNet Financial Inc raised its position in shares of BWX Technologies by 15.4% during the fourth quarter. AdvisorNet Financial Inc now owns 779 shares of the technology company's stock worth $87,000 after purchasing an additional 104 shares during the period. Institutional investors own 94.39% of the company's stock.

BWX Technologies Stock Up 8.3%

Shares of NYSE BWXT traded up $8.94 during mid-day trading on Friday, reaching $116.56. The company had a trading volume of 687,415 shares, compared to its average volume of 805,238. The company has a market capitalization of $10.65 billion, a price-to-earnings ratio of 38.56, a PEG ratio of 3.20 and a beta of 0.66. 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 fifty day moving average of $104.05 and a two-hundred day moving average of $111.75. BWX Technologies, Inc. has a 12-month low of $84.21 and a 12-month high of $136.31.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued 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. 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 analyst estimates of $644.15 million. During the same quarter last year, the business posted $0.76 EPS. The company's revenue for the quarter was up 13.0% on a year-over-year basis. As a group, equities research analysts expect 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. Stockholders of record on Monday, May 19th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, May 19th. This represents a $1.00 annualized dividend and a dividend yield of 0.86%. BWX Technologies's dividend payout ratio is 31.85%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Seaport Res Ptn upgraded BWX Technologies to a "strong-buy" rating in a report on Tuesday, April 1st. Maxim Group dropped 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 report on Thursday, May 8th. Finally, Bank of America reduced their price target 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $123.88.

Insider Activity at BWX Technologies

In other news, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the firm's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $104.92, for a total value of $209,840.00. Following the sale, the senior vice president now owns 9,904 shares in the company, valued at approximately $1,039,127.68. This trade represents a 16.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Rex D. Geveden sold 45,625 shares of the firm's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $107.40, for a total transaction of $4,900,125.00. Following the completion of the sale, the chief executive officer now owns 218,218 shares in the company, valued at $23,436,613.20. This represents a 17.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 53,625 shares of company stock valued at $5,734,145. 0.47% of the stock is owned by corporate insiders.

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.