BWX Technologies, Inc. (NYSE:BWXT) Shares Sold by Swiss National Bank

Swiss National Bank cut its stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 1.5% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 177,100 shares of the technology company's stock after selling 2,700 shares during the period. Swiss National Bank owned about 0.19% of BWX Technologies worth $17,471,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in BWX Technologies by 41.0% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 18,761 shares of the technology company's stock valued at $1,851,000 after buying an additional 5,452 shares during the period. Headlands Technologies LLC raised its stake in shares of BWX Technologies by 240.7% during the first quarter. Headlands Technologies LLC now owns 3,015 shares of the technology company's stock valued at $297,000 after acquiring an additional 2,130 shares during the last quarter. Deutsche Bank AG raised its stake in shares of BWX Technologies by 18.2% during the first quarter. Deutsche Bank AG now owns 204,334 shares of the technology company's stock valued at $20,158,000 after acquiring an additional 31,497 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of BWX Technologies by 2.1% during the first quarter. Vanguard Group Inc. now owns 9,404,287 shares of the technology company's stock valued at $927,733,000 after acquiring an additional 192,363 shares during the last quarter. Finally, Westwood Holdings Group Inc. raised its stake in shares of BWX Technologies by 279.0% during the first quarter. Westwood Holdings Group Inc. now owns 958,563 shares of the technology company's stock valued at $94,562,000 after acquiring an additional 705,648 shares during the last quarter. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on BWXT. Truist Financial set a $145.00 price objective on shares of BWX Technologies and gave the company a "hold" rating in a research note on Tuesday, August 5th. Wall Street Zen downgraded shares of BWX Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. CLSA reissued an "outperform" rating and issued a $177.60 price target (up from $153.00) on shares of BWX Technologies in a research note on Tuesday, May 27th. William Blair reissued an "outperform" rating on shares of BWX Technologies in a research note on Wednesday, June 18th. Finally, Maxim Group restated a "hold" rating on shares of BWX Technologies in a report on Wednesday, August 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, BWX Technologies currently has an average rating of "Moderate Buy" and an average target price of $154.51.

Insider Buying and Selling at BWX Technologies

In related news, Director Leland D. Melvin sold 600 shares of BWX Technologies stock in a transaction on Monday, August 11th. The shares were sold at an average price of $178.26, for a total transaction of $106,956.00. Following the transaction, the director owned 5,579 shares in the company, valued at approximately $994,512.54. The trade was a 9.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the business's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $177.43, for a total transaction of $371,183.56. Following the completion of the sale, the senior vice president owned 10,149 shares in the company, valued at approximately $1,800,737.07. The trade was a 17.09% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,953 shares of company stock worth $5,359,758. 0.47% of the stock is owned by insiders.

BWX Technologies Stock Down 0.7%

Shares of NYSE:BWXT traded down $1.21 during trading on Friday, reaching $173.49. 902,045 shares of the stock traded hands, compared to its average volume of 1,281,462. The stock has a 50-day moving average of $148.58 and a two-hundred day moving average of $121.49. BWX Technologies, Inc. has a 52-week low of $84.21 and a 52-week high of $189.25. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.60 and a current ratio of 1.69. The stock has a market cap of $15.86 billion, a P/E ratio of 54.22, a price-to-earnings-growth ratio of 3.93 and a beta of 0.73.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The technology company reported $1.02 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.23. BWX Technologies had a net margin of 10.28% and a return on equity of 30.61%. The firm had revenue of $764.00 million for the quarter, compared to analysts' expectations of $708.00 million. During the same quarter in the prior year, the company posted $0.82 earnings per share. The business's revenue for the quarter was up 12.1% on a year-over-year basis. As a group, sell-side analysts expect that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Monday, August 18th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Monday, August 18th. BWX Technologies's dividend payout ratio (DPR) is currently 31.25%.

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.