BWX Technologies, Inc. (NYSE:BWXT) Shares Sold by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC reduced its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 77.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,914 shares of the technology company's stock after selling 6,597 shares during the period. Schonfeld Strategic Advisors LLC's holdings in BWX Technologies were worth $213,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in BWXT. Retirement Wealth Solutions LLC acquired a new position in BWX Technologies during the 4th quarter valued at about $30,000. HHM Wealth Advisors LLC grew its stake in BWX Technologies by 45.0% during the 4th quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company's stock valued at $32,000 after purchasing an additional 90 shares during the last quarter. Principal Securities Inc. grew its stake in BWX Technologies by 40.4% during the 4th quarter. Principal Securities Inc. now owns 316 shares of the technology company's stock valued at $35,000 after purchasing an additional 91 shares during the last quarter. V Square Quantitative Management LLC grew its stake in BWX Technologies by 40.5% during the 4th quarter. V Square Quantitative Management LLC now owns 406 shares of the technology company's stock valued at $45,000 after purchasing an additional 117 shares during the last quarter. Finally, UMB Bank n.a. grew its stake in BWX Technologies by 97.3% during the 4th quarter. UMB Bank n.a. now owns 507 shares of the technology company's stock valued at $56,000 after purchasing an additional 250 shares during the last quarter. 94.39% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other BWX Technologies 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 transaction, the senior vice president now owns 3,206 shares of the company's stock, valued at $333,520.18. This represents a 65.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rex D. Geveden sold 45,625 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $107.40, for a total value of $4,900,125.00. Following 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 53,625 shares of company stock worth $5,734,145. 0.47% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

BWXT has been the topic of several research analyst reports. Bank of America dropped their price target on BWX Technologies from $160.00 to $135.00 and set a "buy" rating on the stock in a research note on Wednesday, March 26th. Maxim Group dropped 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 note on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, two have issued 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 company presently has a consensus rating of "Moderate Buy" and an average target price of $123.88.

BWX Technologies Price Performance

BWXT stock traded up $0.91 during mid-day trading on Friday, reaching $109.74. 691,599 shares of the company's stock were exchanged, compared to its average volume of 801,702. The company has a market cap of $10.03 billion, a price-to-earnings ratio of 36.34, a price-to-earnings-growth ratio of 3.20 and a beta of 0.66. The stock's 50 day moving average is $103.21 and its 200 day moving average is $112.12. 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 12-month low of $84.21 and a 12-month high of $136.31.

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 analysts' consensus estimates of $0.73 by $0.18. The company had revenue of $682.26 million for the quarter, compared to the consensus estimate of $644.15 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. BWX Technologies's revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.76 earnings per share. On average, research analysts expect that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders 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 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.