Snowden Capital Advisors LLC Has $2.22 Million Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Snowden Capital Advisors LLC reduced its stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 55.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,933 shares of the technology company's stock after selling 24,901 shares during the period. Snowden Capital Advisors LLC's holdings in BWX Technologies were worth $2,220,000 at the end of the most recent reporting period.

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

BWX Technologies Price Performance

Shares of NYSE BWXT traded up $9.03 during mid-day trading on Friday, reaching $116.65. 865,897 shares of the company traded hands, compared to its average volume of 805,613. The firm has a market cap of $10.66 billion, a PE ratio of 38.48, a price-to-earnings-growth ratio of 3.20 and a beta of 0.66. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. BWX Technologies, Inc. has a fifty-two week low of $84.21 and a fifty-two week high of $136.31. The stock has a fifty day simple moving average of $104.05 and a 200-day simple moving average of $111.75.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its quarterly earnings data 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 net margin of 10.32% and a return on equity of 31.95%. The business's revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 EPS. Equities research analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The business 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. This represents a $1.00 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend is Monday, May 19th. BWX Technologies's dividend payout ratio is currently 31.85%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Seaport Res Ptn raised BWX Technologies to a "strong-buy" rating in a research report on Tuesday, April 1st. Bank of America decreased their price target on BWX Technologies from $160.00 to $135.00 and set a "buy" rating for the company in a report on Wednesday, March 26th. Finally, Maxim Group reduced 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $123.88.

Insider Activity at BWX Technologies

In other BWX Technologies news, SVP Robert L. Duffy sold 6,000 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $104.03, for a total value 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 represents a 65.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Rex D. Geveden sold 45,625 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $107.40, for a total transaction of $4,900,125.00. Following the completion of the transaction, the chief executive officer now owns 218,218 shares of the company's stock, valued at approximately $23,436,613.20. This represents a 17.29% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 53,625 shares of company stock valued at $5,734,145. 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.