Mercer Global Advisors Inc. ADV Sells 4,046 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Mercer Global Advisors Inc. ADV trimmed its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 58.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,846 shares of the technology company's stock after selling 4,046 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in BWX Technologies were worth $317,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in BWXT. Demars Financial Group LLC boosted its holdings in BWX Technologies by 9,309.0% in the fourth quarter. Demars Financial Group LLC now owns 4,482,439 shares of the technology company's stock valued at $499,299,000 after acquiring an additional 4,434,799 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of BWX Technologies during the 4th quarter worth approximately $69,730,000. Stephens Investment Management Group LLC bought a new stake in BWX Technologies in the fourth quarter valued at $50,054,000. Van ECK Associates Corp grew its holdings in shares of BWX Technologies by 46.7% during 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 buying an additional 448,467 shares during the last quarter. Finally, Blair William & Co. IL raised its stake in shares of BWX Technologies by 949.0% in the fourth quarter. Blair William & Co. IL now owns 424,821 shares of the technology company's stock worth $47,321,000 after purchasing an additional 384,323 shares during the last quarter. 94.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Insider Buying and Selling at BWX Technologies

In other news, CEO Rex D. Geveden sold 45,625 shares of the business's 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 of the company's stock, valued at $23,436,613.20. The trade was a 17.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction, the senior vice president now owns 3,206 shares in the company, valued at $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 90 days, insiders sold 53,625 shares of company stock valued at $5,734,145. 0.47% of the stock is currently owned by company insiders.

BWX Technologies Price Performance

NYSE BWXT traded down $0.08 during trading hours on Tuesday, reaching $109.91. 56,858 shares of the stock traded hands, compared to its average volume of 799,087. The company has a market cap of $10.04 billion, a price-to-earnings ratio of 36.33, a price-to-earnings-growth ratio of 3.20 and a beta of 0.66. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. BWX Technologies, Inc. has a 1 year low of $84.21 and a 1 year high of $136.31. The stock has a 50 day simple moving average of $103.45 and a two-hundred day simple moving average of $111.87.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The technology company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.73 by $0.18. The firm 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 business's revenue was up 13.0% compared to the same quarter last year. During the same period last year, the firm posted $0.76 earnings per share. On average, analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Monday, May 19th will be given a $0.25 dividend. The ex-dividend date is Monday, May 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.91%. BWX Technologies's dividend 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.