Lighthouse Investment Partners LLC Makes New $501,000 Investment in BWX Technologies, Inc. (NYSE:BWXT)

Lighthouse Investment Partners LLC bought a new position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,500 shares of the technology company's stock, valued at approximately $501,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BWXT. Vanguard Group Inc. increased 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 valued at $1,026,116,000 after acquiring an additional 202,917 shares in the last quarter. Demars Financial Group LLC lifted its position in shares of BWX Technologies by 9,309.0% during the fourth 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 in the last quarter. Franklin Resources Inc. grew its stake in shares of BWX Technologies by 8.5% during the fourth quarter. Franklin Resources Inc. now owns 2,315,671 shares of the technology company's stock valued at $257,943,000 after purchasing an additional 182,311 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of BWX Technologies by 46.7% in the fourth quarter. Van ECK Associates Corp now owns 1,408,736 shares of the technology company's stock valued at $156,919,000 after purchasing an additional 448,467 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of BWX Technologies by 19.8% in the fourth quarter. Bank of New York Mellon Corp now owns 1,379,779 shares of the technology company's stock valued at $153,694,000 after purchasing an additional 228,413 shares in the last quarter. 94.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at BWX Technologies

In related news, SVP Robert L. Duffy sold 6,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $104.03, for a total transaction of $624,180.00. Following the completion of the sale, the senior vice president now directly owns 3,206 shares of the company's stock, valued at approximately $333,520.18. This represents a 65.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Rex D. Geveden sold 45,625 shares of BWX Technologies stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 218,218 shares in the company, valued at approximately $23,436,613.20. The trade was 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 over the last three months. 0.47% of the stock is currently owned by corporate insiders.

BWX Technologies Trading Down 0.2%

NYSE BWXT opened at $106.99 on Thursday. BWX Technologies, Inc. has a 12 month low of $84.21 and a 12 month high of $136.31. The stock has a 50-day simple moving average of $102.71 and a 200 day simple moving average of $112.33. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $9.77 billion, a PE ratio of 35.43, a P/E/G ratio of 3.20 and a beta of 0.66.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The technology company reported $0.91 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $644.15 million. During the same period in the prior year, the business posted $0.76 EPS. BWX Technologies's revenue was up 13.0% on a year-over-year basis. Research analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Monday, May 19th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.93%. BWX Technologies's dividend payout ratio is 31.85%.

Analyst Ratings Changes

BWXT has been the topic of several research reports. Bank of America reduced 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. Maxim Group cut their price target on BWX Technologies from $140.00 to $136.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Finally, Seaport Res Ptn upgraded BWX Technologies to a "strong-buy" rating in a research report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus 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.

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