Vident Advisory LLC Acquires 13,690 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Vident Advisory LLC increased its position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 29.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,743 shares of the technology company's stock after buying an additional 13,690 shares during the quarter. Vident Advisory LLC owned about 0.07% of BWX Technologies worth $6,655,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of BWXT. Narwhal Capital Management lifted its holdings in shares of BWX Technologies by 33.4% during the fourth quarter. Narwhal Capital Management now owns 20,979 shares of the technology company's stock valued at $2,337,000 after purchasing an additional 5,250 shares during the last quarter. Strategic Planning Group LLC purchased a new stake in shares of BWX Technologies during the fourth quarter valued at $3,005,000. Diversify Advisory Services LLC purchased a new stake in shares of BWX Technologies during the fourth quarter valued at $325,000. Calamos Advisors LLC purchased a new stake in shares of BWX Technologies during the fourth quarter valued at $954,000. Finally, Capital Investment Advisory Services LLC purchased a new stake in shares of BWX Technologies during the fourth quarter valued at $380,000. Institutional investors and hedge funds own 94.39% of the company's stock.

BWX Technologies Stock Up 11.4%

BWXT stock traded up $12.26 during mid-day trading on Friday, hitting $119.88. The stock had a trading volume of 2,592,662 shares, compared to its average volume of 814,651. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. BWX Technologies, Inc. has a 1-year low of $84.21 and a 1-year high of $136.31. The company has a fifty day moving average of $104.47 and a 200 day moving average of $111.72. The stock has a market capitalization of $10.95 billion, a price-to-earnings ratio of 39.70, a PEG ratio of 3.20 and a beta of 0.66.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its earnings results on Monday, May 5th. The technology company reported $0.91 earnings per share for the quarter, topping 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 company had revenue of $682.26 million for the quarter, compared to analyst estimates of $644.15 million. During the same period in the prior year, the firm posted $0.76 EPS. The business's revenue was up 13.0% compared to the same quarter last year. On average, equities analysts expect that BWX Technologies, Inc. will post 3.23 EPS 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 given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend is Monday, May 19th. BWX Technologies's payout ratio is currently 31.85%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on BWXT shares. Bank of America reduced their target price on BWX Technologies from $160.00 to $135.00 and set a "buy" rating for the company in a report on Wednesday, March 26th. Seaport Res Ptn raised BWX Technologies to a "strong-buy" rating in a research note on Tuesday, April 1st. Finally, Maxim Group reduced 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 investment analyst has rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $123.88.

Insiders Place Their Bets

In other BWX Technologies news, SVP Robert L. Duffy sold 6,000 shares of the company's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $104.03, for a total value of $624,180.00. Following the transaction, the senior vice president now directly owns 3,206 shares of the company's stock, valued at $333,520.18. This represents a 65.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Rex D. Geveden sold 45,625 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $107.40, for a total value of $4,900,125.00. Following the transaction, the chief executive officer now directly owns 218,218 shares in the company, valued at approximately $23,436,613.20. This represents a 17.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 53,625 shares of company stock valued at $5,734,145 in the last three months. 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.