Nuveen Asset Management LLC Cuts Stock Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Nuveen Asset Management LLC decreased its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 6.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 226,203 shares of the technology company's stock after selling 15,912 shares during the quarter. Nuveen Asset Management LLC owned 0.25% of BWX Technologies worth $25,197,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of BWXT. HHM Wealth Advisors LLC boosted its position in BWX Technologies by 45.0% during the 4th quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company's stock worth $32,000 after buying an additional 90 shares during the period. Principal Securities Inc. lifted its holdings in shares of BWX Technologies by 40.4% during the fourth quarter. Principal Securities Inc. now owns 316 shares of the technology company's stock worth $35,000 after purchasing an additional 91 shares during the period. V Square Quantitative Management LLC grew its stake in shares of BWX Technologies by 40.5% in the fourth 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 last quarter. UMB Bank n.a. increased its holdings in BWX Technologies by 97.3% in the fourth quarter. UMB Bank n.a. now owns 507 shares of the technology company's stock valued at $56,000 after purchasing an additional 250 shares during the period. Finally, SBI Securities Co. Ltd. bought a new position in BWX Technologies during the 4th quarter worth $58,000. Institutional investors and hedge funds own 94.39% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BWXT. Seaport Res Ptn raised BWX Technologies to a "strong-buy" rating in a research note on Tuesday, April 1st. CLSA increased their target price on shares of BWX Technologies from $153.00 to $177.60 and gave the company an "outperform" rating in a research report on Tuesday. Maxim Group lowered their price target on shares of BWX Technologies from $140.00 to $136.00 and set a "buy" rating for the company in a 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 on the stock in a research note on Wednesday, March 26th. Finally, William Blair started coverage on shares of BWX Technologies in a research note on Wednesday. They set an "outperform" rating for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $129.84.

BWX Technologies Stock Up 2.2%

NYSE:BWXT traded up $2.69 during trading hours on Wednesday, reaching $125.05. The company had a trading volume of 428,924 shares, compared to its average volume of 1,007,378. BWX Technologies, Inc. has a twelve month low of $84.21 and a twelve month high of $136.31. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15. The firm has a market cap of $11.42 billion, a price-to-earnings ratio of 41.41, a P/E/G ratio of 3.20 and a beta of 0.66. The business's 50-day simple moving average is $105.26 and its two-hundred day simple moving average is $111.70.

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, beating the consensus estimate of $0.73 by $0.18. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. 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 business posted $0.76 EPS. The firm's revenue for the quarter was up 13.0% compared to the same quarter last year. On average, equities analysts expect 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. Investors of record on Monday, May 19th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date is Monday, May 19th. BWX Technologies's payout ratio is currently 31.85%.

Insider Buying and Selling at BWX Technologies

In other news, SVP Robert L. Duffy sold 6,000 shares of the company's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $104.03, for a total transaction of $624,180.00. Following the sale, the senior vice president now directly 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 SEC, which is available at this link. Also, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the company's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $104.92, for a total value of $209,840.00. Following the completion of the transaction, the senior vice president now owns 9,904 shares of the company's stock, valued at $1,039,127.68. The trade was a 16.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.47% of the company's stock.

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.