Tidal Investments LLC Trims Stock Position in BWX Technologies, Inc. (NYSE:BWXT)

Tidal Investments LLC trimmed its holdings in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 14.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 19,979 shares of the technology company's stock after selling 3,477 shares during the quarter. Tidal Investments LLC's holdings in BWX Technologies were worth $2,225,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings 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 during the period. Demars Financial Group LLC increased its holdings in BWX Technologies by 9,309.0% during 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 buying an additional 4,434,799 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of BWX Technologies by 8.5% in the fourth quarter. Franklin Resources Inc. now owns 2,315,671 shares of the technology company's stock worth $257,943,000 after buying an additional 182,311 shares during the period. Van ECK Associates Corp lifted its stake in shares of BWX Technologies by 46.7% during the 4th quarter. Van ECK Associates Corp now owns 1,408,736 shares of the technology company's stock valued at $156,919,000 after buying an additional 448,467 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in BWX Technologies by 19.8% in the 4th 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 during the period. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BWXT has been the subject of several research reports. Bank of America lowered their price objective on shares of BWX Technologies from $160.00 to $135.00 and set a "buy" rating for the company in a research report on Wednesday, March 26th. Seaport Res Ptn raised shares of BWX Technologies to a "strong-buy" rating in a report on Tuesday, April 1st. CLSA boosted their price objective on BWX Technologies from $153.00 to $177.60 and gave the stock an "outperform" rating in a research note on Tuesday. Finally, Maxim Group lowered their price objective on BWX Technologies from $140.00 to $136.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, BWX Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $129.84.

BWX Technologies Trading Up 1.9%

BWXT traded up $2.23 during trading on Tuesday, hitting $121.72. 1,692,479 shares of the stock were exchanged, compared to its average volume of 818,389. 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 firm has a 50 day simple moving average of $104.82 and a 200 day simple moving average of $111.63. The firm has a market cap of $11.12 billion, a price-to-earnings ratio of 40.28, a P/E/G ratio of 3.20 and a beta of 0.66. BWX Technologies, Inc. has a 1 year low of $84.21 and a 1 year high of $136.31.

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

BWX Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors 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 yield of 0.82%. The ex-dividend date of this dividend is Monday, May 19th. BWX Technologies's payout ratio is 31.85%.

Insider Buying and Selling

In related news, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $104.92, for a total value of $209,840.00. Following the completion of the transaction, the senior vice president now owns 9,904 shares in the company, valued at $1,039,127.68. This trade represents a 16.80% decrease in their position. The sale 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 firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $107.40, for a total value 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. The trade was a 17.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 53,625 shares of company stock valued at $5,734,145 over the last 90 days. Corporate 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.