Sapient Capital LLC Sells 3,168 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Sapient Capital LLC lowered its stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 1.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 317,158 shares of the technology company's stock after selling 3,168 shares during the period. Sapient Capital LLC owned 0.35% of BWX Technologies worth $31,288,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Choreo LLC raised its position in shares of BWX Technologies by 76.6% in the fourth quarter. Choreo LLC now owns 4,311 shares of the technology company's stock worth $483,000 after buying an additional 1,870 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in shares of BWX Technologies by 20.5% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,201 shares of the technology company's stock worth $579,000 after buying an additional 885 shares in the last quarter. Empowered Funds LLC raised its position in shares of BWX Technologies by 19.5% in the fourth quarter. Empowered Funds LLC now owns 4,839 shares of the technology company's stock worth $539,000 after buying an additional 788 shares in the last quarter. Stephens Inc. AR raised its position in shares of BWX Technologies by 14.5% in the fourth quarter. Stephens Inc. AR now owns 16,530 shares of the technology company's stock worth $1,841,000 after buying an additional 2,097 shares in the last quarter. Finally, Kestra Private Wealth Services LLC raised its position in shares of BWX Technologies by 19.6% in the fourth quarter. Kestra Private Wealth Services LLC now owns 4,102 shares of the technology company's stock worth $457,000 after buying an additional 673 shares in the last quarter. Hedge funds and other institutional investors own 94.39% of the company's stock.

BWX Technologies Trading Up 1.5%

Shares of NYSE BWXT traded up $1.97 during trading hours on Thursday, hitting $137.77. The company's stock had a trading volume of 1,714,022 shares, compared to its average volume of 858,413. 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 market cap of $12.59 billion, a price-to-earnings ratio of 45.62, a P/E/G ratio of 3.20 and a beta of 0.66. BWX Technologies, Inc. has a 12 month low of $84.21 and a 12 month high of $138.40. The business has a 50-day simple moving average of $112.69 and a 200-day simple moving average of $111.86.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its earnings results on Monday, May 5th. The technology company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.18. The company had revenue of $682.26 million for the quarter, compared to analysts' expectations of $644.15 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. BWX Technologies's quarterly revenue was up 13.0% on a year-over-year basis. During the same period last year, the firm earned $0.76 earnings per share. On average, analysts anticipate that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The company also recently disclosed 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. The ex-dividend date was Monday, May 19th. This represents a $1.00 annualized dividend and a yield of 0.73%. BWX Technologies's payout ratio is 31.85%.

Analyst Upgrades and Downgrades

BWXT has been the topic of a number of recent analyst reports. William Blair started coverage on BWX Technologies in a research report on Wednesday, May 28th. They issued an "outperform" rating on the stock. Bank of America reduced their target price on BWX Technologies from $160.00 to $135.00 and set a "buy" rating on the stock in a research note on Wednesday, March 26th. Maxim Group reduced their target price on BWX Technologies from $140.00 to $136.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. CLSA reissued an "outperform" rating and issued a $177.60 target price (up previously from $153.00) on shares of BWX Technologies in a research note on Tuesday, May 27th. Finally, Seaport Res Ptn raised BWX Technologies to a "strong-buy" rating in a research note on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, BWX Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $129.84.

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.