Two Sigma Advisers LP Sells 65,600 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Two Sigma Advisers LP trimmed its position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 75.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 20,800 shares of the technology company's stock after selling 65,600 shares during the quarter. Two Sigma Advisers LP's holdings in BWX Technologies were worth $2,317,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. HHM Wealth Advisors LLC grew its position in BWX Technologies by 45.0% during the 4th quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company's stock valued at $32,000 after purchasing an additional 90 shares during the last quarter. Principal Securities Inc. boosted its holdings in shares of BWX Technologies by 40.4% during the 4th quarter. Principal Securities Inc. now owns 316 shares of the technology company's stock valued at $35,000 after acquiring an additional 91 shares during the last quarter. V Square Quantitative Management LLC boosted its holdings in shares of BWX Technologies by 40.5% during the 4th quarter. V Square Quantitative Management LLC now owns 406 shares of the technology company's stock valued at $45,000 after acquiring an additional 117 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of BWX Technologies during the 4th quarter valued at about $58,000. Finally, R Squared Ltd purchased a new stake in shares of BWX Technologies during the 4th quarter valued at about $68,000. 94.39% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other BWX Technologies news, SVP Robert L. Duffy sold 6,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $104.03, for a total transaction of $624,180.00. Following the sale, the senior vice president now owns 3,206 shares in the company, valued at approximately $333,520.18. This trade represents a 65.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.47% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BWXT. William Blair began coverage on shares of BWX Technologies in a report on Wednesday, May 28th. They set an "outperform" rating on the stock. Seaport Res Ptn raised shares of BWX Technologies to a "strong-buy" rating in a report on Tuesday, April 1st. Maxim Group dropped their price target 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. Bank of America dropped their price target on shares of BWX Technologies from $160.00 to $135.00 and set a "buy" rating on the stock in a report on Wednesday, March 26th. Finally, CLSA reaffirmed an "outperform" rating and set a $177.60 price target (up previously from $153.00) on shares of BWX Technologies in a report on Tuesday, May 27th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $129.84.

BWX Technologies Stock Performance

Shares of BWXT traded up $0.58 on Monday, reaching $126.18. The company's stock had a trading volume of 800,638 shares, compared to its average volume of 832,667. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. The stock has a market capitalization of $11.53 billion, a P/E ratio of 41.78, a PEG ratio of 3.20 and a beta of 0.66. The stock's 50 day simple moving average is $107.12 and its two-hundred day simple moving average is $111.53. BWX Technologies, Inc. has a 12-month low of $84.21 and a 12-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 earnings per share (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 the consensus estimate of $644.15 million. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The firm's revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.76 earnings per share. Research analysts forecast 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. Shareholders of record on Monday, May 19th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend is Monday, May 19th. BWX Technologies's payout ratio is 31.85%.

BWX Technologies Company 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.