Oak Family Advisors LLC Sells 22,291 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Oak Family Advisors LLC cut its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 31.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 48,687 shares of the technology company's stock after selling 22,291 shares during the period. BWX Technologies makes up 1.9% of Oak Family Advisors LLC's holdings, making the stock its 17th biggest holding. Oak Family Advisors LLC owned 0.05% of BWX Technologies worth $4,996,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Raymond James & Associates boosted its holdings in BWX Technologies by 4.2% during the fourth quarter. Raymond James & Associates now owns 368,827 shares of the technology company's stock worth $28,300,000 after purchasing an additional 14,973 shares during the last quarter. Jennison Associates LLC boosted its holdings in BWX Technologies by 24.1% during the fourth quarter. Jennison Associates LLC now owns 248,250 shares of the technology company's stock worth $19,048,000 after purchasing an additional 48,170 shares during the last quarter. California Public Employees Retirement System boosted its holdings in BWX Technologies by 3.4% during the fourth quarter. California Public Employees Retirement System now owns 387,038 shares of the technology company's stock worth $29,697,000 after purchasing an additional 12,803 shares during the last quarter. FMR LLC boosted its stake in BWX Technologies by 1.8% in the third quarter. FMR LLC now owns 1,884,236 shares of the technology company's stock valued at $141,280,000 after acquiring an additional 32,664 shares during the last quarter. Finally, Citigroup Inc. boosted its stake in BWX Technologies by 11.3% in the third quarter. Citigroup Inc. now owns 67,250 shares of the technology company's stock valued at $5,042,000 after acquiring an additional 6,853 shares during the last quarter. 94.39% of the stock is owned by institutional investors.

BWX Technologies Stock Performance

Shares of NYSE BWXT traded down $0.03 during midday trading on Tuesday, hitting $88.46. The company's stock had a trading volume of 363,008 shares, compared to its average volume of 612,483. The stock has a fifty day moving average price of $95.94 and a 200 day moving average price of $87.30. BWX Technologies, Inc. has a one year low of $60.17 and a one year high of $107.18. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $8.09 billion, a price-to-earnings ratio of 31.94, a P/E/G ratio of 2.81 and a beta of 0.75.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its quarterly earnings results on Monday, May 6th. The technology company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.09. The company had revenue of $603.97 million for the quarter, compared to analyst estimates of $599.92 million. BWX Technologies had a net margin of 10.00% and a return on equity of 31.57%. The company's quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.70 earnings per share. On average, research analysts forecast that BWX Technologies, Inc. will post 3.17 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 6th. Investors of record on Friday, May 17th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Thursday, May 16th. BWX Technologies's dividend payout ratio (DPR) is presently 34.66%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Truist Financial reiterated a "hold" rating and issued a $95.00 target price (down from $110.00) on shares of BWX Technologies in a research note on Monday, March 25th. StockNews.com upgraded shares of BWX Technologies from a "hold" rating to a "buy" rating in a research note on Wednesday, May 8th. Bank of America boosted their target price on shares of BWX Technologies from $82.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, March 28th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of BWX Technologies from $111.00 to $110.00 and set a "buy" rating on the stock in a research note on Tuesday, May 7th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $92.43.

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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