Westwood Holdings Group Inc. Sells 8,371 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Westwood Holdings Group Inc. trimmed its holdings in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 3.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 252,915 shares of the technology company's stock after selling 8,371 shares during the period. Westwood Holdings Group Inc. owned 0.28% of BWX Technologies worth $28,172,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Barclays PLC raised its position in shares of BWX Technologies by 59.8% during the third quarter. Barclays PLC now owns 64,525 shares of the technology company's stock valued at $7,014,000 after buying an additional 24,149 shares during the last quarter. Park Avenue Securities LLC increased its stake in BWX Technologies by 49.3% in the fourth quarter. Park Avenue Securities LLC now owns 4,945 shares of the technology company's stock valued at $551,000 after acquiring an additional 1,633 shares during the period. Kera Capital Partners Inc. acquired a new stake in BWX Technologies during the fourth quarter valued at approximately $224,000. Diversify Advisory Services LLC bought a new stake in shares of BWX Technologies in the 4th quarter valued at approximately $325,000. Finally, Lincoln Capital LLC bought a new stake in shares of BWX Technologies in the 4th quarter valued at approximately $218,000. 94.39% of the stock is owned by institutional investors.

BWX Technologies Trading Up 0.2%

Shares of BWXT stock opened at $109.90 on Tuesday. BWX Technologies, Inc. has a 12-month low of $84.21 and a 12-month high of $136.31. The company has a market capitalization of $10.04 billion, a P/E ratio of 36.39, a P/E/G ratio of 3.20 and a beta of 0.66. The firm has a 50-day moving average price of $103.45 and a 200 day moving average price of $111.87. 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 (NYSE:BWXT - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The technology company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.18. The business 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 quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.76 EPS. Research analysts forecast 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. The ex-dividend date is Monday, May 19th. This represents a $1.00 annualized dividend and a yield of 0.91%. BWX Technologies's dividend payout ratio (DPR) is 31.85%.

Insider Buying and Selling

In related news, CEO Rex D. Geveden sold 45,625 shares of the company's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $107.40, for a total transaction of $4,900,125.00. Following the transaction, the chief executive officer now owns 218,218 shares in the company, valued at $23,436,613.20. This represents a 17.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the company's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $104.92, for a total transaction of $209,840.00. Following the transaction, the senior vice president now owns 9,904 shares in the company, valued at approximately $1,039,127.68. This trade represents a 16.80% 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 worth $5,734,145 in the last 90 days. Corporate insiders own 0.47% of the company's stock.

Analysts Set New Price Targets

BWXT has been the subject of several analyst reports. Seaport Res Ptn upgraded BWX Technologies to a "strong-buy" rating in a research report on Tuesday, April 1st. Bank of America cut their price objective on BWX Technologies from $160.00 to $135.00 and set a "buy" rating for the company in a report on Wednesday, March 26th. Finally, Maxim Group lowered their target price 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $123.88.

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.

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