Tema Etfs LLC Buys New Position in BWX Technologies, Inc. (NYSE:BWXT)

Tema Etfs LLC bought a new position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,248 shares of the technology company's stock, valued at approximately $362,000.

Other hedge funds have also added to or reduced their stakes in the company. Narwhal Capital Management increased its position in BWX Technologies by 33.4% during the fourth quarter. Narwhal Capital Management now owns 20,979 shares of the technology company's stock worth $2,337,000 after buying an additional 5,250 shares during the last quarter. Cadinha & Co. LLC boosted its stake in shares of BWX Technologies by 469.2% during the 4th quarter. Cadinha & Co. LLC now owns 64,341 shares of the technology company's stock worth $7,167,000 after acquiring an additional 53,038 shares during the period. Strategic Planning Group LLC acquired a new position in shares of BWX Technologies during the 4th quarter worth approximately $3,005,000. Diversify Advisory Services LLC bought a new stake in BWX Technologies in the 4th quarter valued at $325,000. Finally, Calamos Advisors LLC acquired a new stake in BWX Technologies during the 4th quarter valued at $954,000. Institutional investors own 94.39% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Maxim Group decreased their price objective on shares of BWX Technologies from $140.00 to $136.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Seaport Res Ptn raised shares of BWX Technologies to a "strong-buy" rating in a report on Tuesday, April 1st. Finally, Bank of America decreased their price target on shares of BWX Technologies from $160.00 to $135.00 and set a "buy" rating on the stock in a research note on Wednesday, March 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, BWX Technologies has a consensus rating of "Moderate Buy" and an average price target of $123.88.

BWX Technologies Stock Performance

BWX Technologies stock traded up $0.24 during midday trading on Thursday, hitting $107.63. The company's stock had a trading volume of 370,142 shares, compared to its average volume of 803,133. BWX Technologies, Inc. has a 1-year low of $84.21 and a 1-year high of $136.31. The company has a 50-day moving average price of $103.89 and a two-hundred day moving average price of $111.83. The company has a market cap of $9.83 billion, a price-to-earnings ratio of 35.64, a PEG 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 (NYSE:BWXT - Get Free Report) last released its earnings results on Monday, May 5th. The technology company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.73 by $0.18. The firm had revenue of $682.26 million during the quarter, compared to the consensus estimate of $644.15 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The company's revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.76 EPS. As a group, sell-side analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Dividend Announcement

The company 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 0.93%. The ex-dividend date of this dividend is Monday, May 19th. BWX Technologies's dividend payout ratio (DPR) is currently 31.85%.

Insiders Place Their Bets

In other BWX Technologies news, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the firm's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $104.92, for a total value of $209,840.00. Following the transaction, the senior vice president now directly owns 9,904 shares of the company's stock, valued at approximately $1,039,127.68. This trade represents a 16.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Robert L. Duffy sold 6,000 shares of the business's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $104.03, for a total transaction of $624,180.00. Following the sale, the senior vice president now directly owns 3,206 shares of the company's stock, valued at approximately $333,520.18. The trade was a 65.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 53,625 shares of company stock valued at $5,734,145 in the last ninety days. 0.47% of the stock is currently owned by insiders.

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.