BWX Technologies, Inc. (NYSE:BWXT) Shares Bought by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd lifted its stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 299.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 69,917 shares of the technology company's stock after acquiring an additional 52,429 shares during the quarter. Point72 Hong Kong Ltd owned 0.08% of BWX Technologies worth $7,788,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of BWXT. Barclays PLC increased 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 worth $7,014,000 after acquiring an additional 24,149 shares during the period. AdvisorNet Financial Inc increased its position in shares of BWX Technologies by 15.4% during the fourth quarter. AdvisorNet Financial Inc now owns 779 shares of the technology company's stock worth $87,000 after acquiring an additional 104 shares during the period. Floyd Financial Group LLC purchased a new stake in shares of BWX Technologies during the fourth quarter worth $1,985,000. Oak Thistle LLC purchased a new stake in shares of BWX Technologies during the fourth quarter worth $1,763,000. Finally, Park Avenue Securities LLC increased its holdings 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 buying an additional 1,633 shares during the last quarter. Hedge funds and other institutional investors own 94.39% of the company's stock.

Insider Buying and Selling at BWX Technologies

In other BWX Technologies news, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of BWX Technologies stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $104.92, for a total value of $209,840.00. Following the sale, the senior vice president now owns 9,904 shares of the company's stock, valued at approximately $1,039,127.68. The trade was a 16.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Robert L. Duffy sold 6,000 shares of BWX Technologies 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 $333,520.18. This represents a 65.17% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 53,625 shares of company stock valued at $5,734,145. 0.47% of the stock is owned by corporate insiders.

BWX Technologies Stock Performance

Shares of NYSE BWXT traded up $0.91 during midday trading on Friday, reaching $109.74. 691,599 shares of the company were exchanged, compared to its average volume of 803,044. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. BWX Technologies, Inc. has a 1 year low of $84.21 and a 1 year high of $136.31. The stock has a fifty day simple moving average of $103.21 and a 200 day simple moving average of $112.03. The stock has a market cap of $10.03 billion, a P/E ratio of 36.34, a PEG ratio of 3.20 and a beta of 0.66.

BWX Technologies (NYSE:BWXT - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The technology company reported $0.91 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $682.26 million for the quarter, compared to analyst estimates of $644.15 million. During the same quarter last year, the company posted $0.76 earnings per share. The business's revenue was up 13.0% on a year-over-year basis. On average, research analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, May 19th will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.00 dividend on an annualized basis and a yield of 0.91%. BWX Technologies's payout ratio is currently 31.85%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Bank of America dropped their target price 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 dropped their target price on BWX Technologies from $140.00 to $136.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Finally, Seaport Res Ptn raised BWX Technologies to a "strong-buy" rating in a report on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus 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.