BWX Technologies, Inc. (NYSE:BWXT) Shares Sold by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. lowered its stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 3.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 252,915 shares of the technology company's stock after selling 8,371 shares during the quarter. Westwood Holdings Group Inc. owned about 0.28% of BWX Technologies worth $28,172,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. HHM Wealth Advisors LLC raised its stake in BWX Technologies by 45.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company's stock valued at $32,000 after buying an additional 90 shares during the last quarter. Principal Securities Inc. raised its stake in BWX Technologies by 40.4% in the fourth quarter. Principal Securities Inc. now owns 316 shares of the technology company's stock valued at $35,000 after buying an additional 91 shares during the last quarter. V Square Quantitative Management LLC raised its stake in BWX Technologies by 40.5% in the fourth quarter. V Square Quantitative Management LLC now owns 406 shares of the technology company's stock valued at $45,000 after buying an additional 117 shares during the last quarter. UMB Bank n.a. raised its stake in BWX Technologies by 97.3% in the fourth quarter. UMB Bank n.a. now owns 507 shares of the technology company's stock valued at $56,000 after buying an additional 250 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in BWX Technologies in the fourth quarter valued at about $58,000. Institutional investors own 94.39% of the company's stock.

BWX Technologies Stock Performance

BWXT stock traded up $12.26 during trading on Friday, hitting $119.88. 2,592,662 shares of the company traded hands, compared to its average volume of 814,651. The stock's 50-day simple moving average is $104.47 and its 200 day simple moving average is $111.72. 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 company has a market cap of $10.95 billion, a PE ratio of 39.70, 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 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.18. The company had revenue of $682.26 million during the quarter, compared to analysts' expectations of $644.15 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. BWX Technologies's quarterly revenue was up 13.0% on a year-over-year basis. During the same period last year, the business earned $0.76 earnings per share. On average, equities analysts expect that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, May 19th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.83%. The ex-dividend date is Monday, May 19th. BWX Technologies's dividend payout ratio is currently 31.85%.

Insider Activity at BWX Technologies

In other BWX Technologies news, CEO Rex D. Geveden sold 45,625 shares of the firm's stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 218,218 shares of the company's stock, valued at approximately $23,436,613.20. This trade represents a 17.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $624,180.00. Following the completion of the sale, the senior vice president now directly owns 3,206 shares in the company, valued at approximately $333,520.18. The trade was a 65.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 53,625 shares of company stock worth $5,734,145. 0.47% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on BWXT shares. Maxim Group cut their price objective on 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 cut their price objective on BWX Technologies from $160.00 to $135.00 and set a "buy" rating on the stock in a report on Wednesday, March 26th. Finally, Seaport Res Ptn raised BWX Technologies to a "strong-buy" rating in a report on Tuesday, April 1st. One analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, BWX Technologies has an average rating of "Moderate Buy" and an average price target of $123.88.

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.