Oak Thistle LLC Sells 11,376 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Oak Thistle LLC trimmed its position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 71.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,455 shares of the technology company's stock after selling 11,376 shares during the period. Oak Thistle LLC's holdings in BWX Technologies were worth $439,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Ameriflex Group Inc. acquired a new position in shares of BWX Technologies during the fourth quarter valued at about $34,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of BWX Technologies by 200.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 354 shares of the technology company's stock worth $35,000 after buying an additional 236 shares in the last quarter. Vermillion Wealth Management Inc. bought a new stake in shares of BWX Technologies during the fourth quarter worth $40,000. Farther Finance Advisors LLC raised its stake in shares of BWX Technologies by 109.6% in the first quarter. Farther Finance Advisors LLC now owns 459 shares of the technology company's stock worth $46,000 after acquiring an additional 240 shares during the last quarter. Finally, Altshuler Shaham Ltd acquired a new position in BWX Technologies during the 4th quarter worth $70,000. Institutional investors and hedge funds own 94.39% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on BWXT shares. CLSA reaffirmed 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. Maxim Group lowered their target price on BWX Technologies from $140.00 to $136.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $150.00 target price (up previously from $119.00) on shares of BWX Technologies in a report on Tuesday, July 8th. William Blair reiterated an "outperform" rating on shares of BWX Technologies in a research note on Wednesday, June 18th. Finally, Wall Street Zen upgraded BWX Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $137.94.

BWX Technologies Price Performance

BWX Technologies stock traded up $4.04 during trading hours on Friday, reaching $147.88. 1,026,203 shares of the stock were exchanged, compared to its average volume of 1,007,573. BWX Technologies, Inc. has a twelve month low of $84.21 and a twelve month high of $148.75. The company has a market cap of $13.51 billion, a P/E ratio of 47.10, a price-to-earnings-growth ratio of 3.63 and a beta of 0.70. The company has a current ratio of 2.02, a quick ratio of 1.91 and a debt-to-equity ratio of 1.08. The stock has a 50 day moving average of $134.72 and a two-hundred day moving average of $116.48.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its quarterly earnings data 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 net margin of 10.39% and a return on equity of 30.26%. The business had revenue of $682.26 million during the quarter, compared to the consensus estimate of $644.15 million. During the same quarter in the prior year, the firm earned $0.76 EPS. The firm's revenue was up 13.0% compared to the same quarter last year. Equities analysts expect that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date was Monday, May 19th. BWX Technologies's dividend payout ratio is presently 31.85%.

BWX Technologies 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.