Polar Asset Management Partners Inc. Decreases Stake in BWX Technologies, Inc. (NYSE:BWXT)

Polar Asset Management Partners Inc. cut its stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 24.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,900 shares of the technology company's stock after selling 2,900 shares during the quarter. Polar Asset Management Partners Inc.'s holdings in BWX Technologies were worth $991,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. raised its position in BWX Technologies by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 9,211,924 shares of the technology company's stock worth $1,026,116,000 after purchasing an additional 202,917 shares in the last quarter. Demars Financial Group LLC boosted its stake in 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 acquiring an additional 4,434,799 shares during the last quarter. Franklin Resources Inc. boosted its stake in BWX Technologies by 8.5% in the fourth quarter. Franklin Resources Inc. now owns 2,315,671 shares of the technology company's stock valued at $257,943,000 after acquiring an additional 182,311 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of BWX Technologies by 46.7% during the fourth quarter. Van ECK Associates Corp now owns 1,408,736 shares of the technology company's stock worth $156,919,000 after purchasing an additional 448,467 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of BWX Technologies by 19.8% during the fourth quarter. Bank of New York Mellon Corp now owns 1,379,779 shares of the technology company's stock worth $153,694,000 after purchasing an additional 228,413 shares in the last quarter. 94.39% of the stock is owned by institutional investors and hedge funds.

BWX Technologies Price Performance

Shares of NYSE:BWXT traded up $0.18 during midday trading on Friday, reaching $125.43. 1,156,231 shares of the company were exchanged, compared to its average volume of 832,801. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. The business's fifty day moving average is $106.64 and its two-hundred day moving average is $111.53. BWX Technologies, Inc. has a one year low of $84.21 and a one year high of $136.31. The stock has a market cap of $11.46 billion, a PE ratio of 41.53, a price-to-earnings-growth ratio of 3.20 and a beta of 0.66.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The technology company reported $0.91 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $644.15 million. During the same quarter last year, the firm posted $0.76 EPS. The firm's revenue was up 13.0% compared to the same quarter last year. As a group, analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Monday, May 19th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, May 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.80%. BWX Technologies's dividend payout ratio (DPR) is 31.85%.

Analyst Ratings Changes

Several brokerages have issued reports on BWXT. Seaport Res Ptn upgraded shares of BWX Technologies to a "strong-buy" rating in a research note on Tuesday, April 1st. William Blair started coverage on shares of BWX Technologies in a research note on Wednesday. They issued an "outperform" rating on the stock. Bank of America cut their price objective on shares of BWX Technologies from $160.00 to $135.00 and set a "buy" rating for the company in a report on Wednesday, March 26th. CLSA reaffirmed an "outperform" rating and set a $177.60 price target (up previously from $153.00) on shares of BWX Technologies in a report on Tuesday, May 27th. Finally, Maxim Group cut 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $129.84.

Insider Buying and Selling

In other BWX Technologies news, SVP Robert L. Duffy sold 6,000 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $104.03, for a total transaction of $624,180.00. Following the completion of the transaction, the senior vice president now owns 3,206 shares of the company's stock, valued at $333,520.18. This trade represents a 65.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.47% of the stock is owned by insiders.

BWX Technologies Company 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.