Tidal Investments LLC Sells 3,477 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Tidal Investments LLC decreased its stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 14.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,979 shares of the technology company's stock after selling 3,477 shares during the period. Tidal Investments LLC's holdings in BWX Technologies were worth $2,225,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. HHM Wealth Advisors LLC grew its stake in shares of BWX Technologies by 45.0% in the fourth 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. boosted its stake in BWX Technologies by 40.4% during the fourth quarter. Principal Securities Inc. now owns 316 shares of the technology company's stock worth $35,000 after buying an additional 91 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in BWX Technologies by 0.4% during the fourth quarter. Louisiana State Employees Retirement System now owns 25,400 shares of the technology company's stock worth $2,829,000 after buying an additional 100 shares in the last quarter. Utah Retirement Systems boosted its stake in BWX Technologies by 2.1% during the fourth quarter. Utah Retirement Systems now owns 4,900 shares of the technology company's stock worth $546,000 after buying an additional 100 shares in the last quarter. Finally, V Square Quantitative Management LLC boosted its stake in BWX Technologies by 40.5% during the fourth quarter. V Square Quantitative Management LLC now owns 406 shares of the technology company's stock worth $45,000 after buying an additional 117 shares in the last quarter. Institutional investors and hedge funds own 94.39% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on BWXT shares. CLSA lifted their price target on shares of BWX Technologies from $153.00 to $177.60 and gave the stock an "outperform" rating in a research note on Tuesday. Seaport Res Ptn upgraded shares of BWX Technologies to a "strong-buy" rating in a research note on Tuesday, April 1st. William Blair initiated coverage on shares of BWX Technologies in a research note on Wednesday. They set an "outperform" rating on the stock. Bank of America reduced their target price 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. Finally, Maxim Group dropped their target price on shares of BWX Technologies from $140.00 to $136.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $129.84.

BWX Technologies Price Performance

BWX Technologies stock traded up $3.63 on Wednesday, reaching $125.99. The company's stock had a trading volume of 539,527 shares, compared to its average volume of 820,105. 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 company has a market cap of $11.51 billion, a price-to-earnings ratio of 41.72, a PEG ratio of 3.20 and a beta of 0.66. The business's fifty day moving average price is $105.26 and its 200 day moving average price is $111.70. BWX Technologies, Inc. has a twelve month low of $84.21 and a twelve month high of $136.31.

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

BWX Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Monday, May 19th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.79%. BWX Technologies's payout ratio is currently 31.85%.

Insider Transactions at BWX Technologies

In other news, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the business's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $104.92, for a total transaction of $209,840.00. Following the completion of the sale, the senior vice president now owns 9,904 shares in the company, valued at $1,039,127.68. The trade was a 16.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Robert L. Duffy sold 6,000 shares of the business's stock in a transaction 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 sale, the senior vice president now owns 3,206 shares of the company's stock, valued at approximately $333,520.18. The trade was a 65.17% decrease in their position. The disclosure for this sale can be found here. 0.47% of the stock is currently owned by corporate insiders.

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.