Two Sigma Investments LP Sells 238,692 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Two Sigma Investments LP reduced its stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 81.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 55,848 shares of the technology company's stock after selling 238,692 shares during the period. Two Sigma Investments LP owned approximately 0.06% of BWX Technologies worth $6,221,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in BWXT. Vanguard Group Inc. raised its position in BWX Technologies by 2.3% in the 4th 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 raised its position in BWX Technologies by 9,309.0% in the 4th quarter. Demars Financial Group LLC now owns 4,482,439 shares of the technology company's stock worth $499,299,000 after purchasing an additional 4,434,799 shares during the period. Franklin Resources Inc. raised its position in BWX Technologies by 8.5% in the 4th quarter. Franklin Resources Inc. now owns 2,315,671 shares of the technology company's stock worth $257,943,000 after purchasing an additional 182,311 shares during the period. Van ECK Associates Corp raised its position in BWX Technologies by 46.7% in the 4th quarter. Van ECK Associates Corp now owns 1,408,736 shares of the technology company's stock worth $156,919,000 after purchasing an additional 448,467 shares during the period. Finally, Bank of New York Mellon Corp raised its position 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 owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on BWXT shares. Bank of America decreased their price objective on shares of BWX Technologies from $160.00 to $135.00 and set a "buy" rating on the stock in a research report on Wednesday, March 26th. 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 research report on Thursday, May 8th. Seaport Res Ptn upgraded shares of BWX Technologies to a "strong-buy" rating in a research report on Tuesday, April 1st. CLSA restated an "outperform" rating and issued a $177.60 price objective (up previously from $153.00) on shares of BWX Technologies in a research report on Tuesday. Finally, William Blair started coverage on shares of BWX Technologies in a research report on Wednesday. They issued an "outperform" rating on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $129.84.

Insider Buying and Selling

In other news, SVP Robert L. Duffy sold 6,000 shares of the company'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 value of $624,180.00. Following the transaction, the senior vice president now owns 3,206 shares in the company, valued at approximately $333,520.18. This represents a 65.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.47% of the stock is currently owned by insiders.

BWX Technologies Trading Up 0.1%

Shares of BWXT traded up $0.18 during trading hours on Friday, reaching $125.43. 1,156,231 shares of the company traded hands, compared to its average volume of 832,801. The company's fifty day moving average price is $106.64 and its two-hundred day moving average price is $111.65. The company has a market capitalization of $11.46 billion, a price-to-earnings ratio of 41.53, a price-to-earnings-growth ratio of 3.20 and a beta of 0.66. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15. 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 EPS for the quarter, topping the consensus estimate of $0.73 by $0.18. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The business had revenue of $682.26 million for the quarter, compared to analyst estimates of $644.15 million. During the same quarter in the previous year, the firm posted $0.76 earnings per share. BWX Technologies's quarterly revenue was up 13.0% on a year-over-year basis. Equities research analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

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 paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend is Monday, May 19th. BWX Technologies's payout ratio is currently 31.85%.

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.