Select Equity Group L.P. Acquires 56,720 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Select Equity Group L.P. raised its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 11.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 551,878 shares of the technology company's stock after acquiring an additional 56,720 shares during the quarter. Select Equity Group L.P. owned approximately 0.60% of BWX Technologies worth $61,474,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in BWXT. Barclays PLC grew its stake in shares of BWX Technologies by 59.8% during the 3rd 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 in the last quarter. AdvisorNet Financial Inc grew its stake in shares of BWX Technologies by 15.4% during the 4th quarter. AdvisorNet Financial Inc now owns 779 shares of the technology company's stock worth $87,000 after acquiring an additional 104 shares in the last quarter. Park Avenue Securities LLC grew its stake in shares of BWX Technologies by 49.3% during the 4th quarter. Park Avenue Securities LLC now owns 4,945 shares of the technology company's stock worth $551,000 after acquiring an additional 1,633 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in shares of BWX Technologies by 35.8% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 12,105 shares of the technology company's stock worth $1,348,000 after acquiring an additional 3,192 shares in the last quarter. Finally, Retirement Wealth Solutions LLC bought a new position in shares of BWX Technologies during the 4th quarter worth approximately $30,000. 94.39% of the stock is owned by institutional investors.

Insider Transactions at BWX Technologies

In other news, CEO Rex D. Geveden sold 45,625 shares of BWX Technologies stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $107.40, for a total transaction of $4,900,125.00. Following the completion of the sale, the chief executive officer now owns 218,218 shares of the company's stock, valued at approximately $23,436,613.20. This trade represents a 17.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Robert L. Duffy sold 6,000 shares of BWX Technologies stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $104.03, for a total value of $624,180.00. Following the sale, the senior vice president now directly owns 3,206 shares of the company's stock, valued at $333,520.18. This represents a 65.17% decrease in their position. 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 corporate insiders.

BWX Technologies Trading Up 0.8%

Shares of BWX Technologies stock opened at $109.74 on Friday. The business has a fifty day simple moving average of $103.21 and a two-hundred day simple moving average of $112.12. BWX Technologies, Inc. has a 1 year low of $84.21 and a 1 year high of $136.31. The company has a market capitalization of $10.03 billion, a price-to-earnings ratio of 36.34, a P/E/G 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 (NYSE:BWXT - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The technology company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.18. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The business had revenue of $682.26 million during the quarter, compared to the consensus estimate of $644.15 million. During the same quarter last year, the firm posted $0.76 EPS. The company's quarterly 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 announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Monday, May 19th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend is Monday, May 19th. BWX Technologies's dividend payout ratio is currently 31.85%.

Analysts Set New Price Targets

Several research firms recently weighed in on BWXT. Seaport Res Ptn raised shares of BWX Technologies to a "strong-buy" rating in a research note on Tuesday, April 1st. Bank of America decreased 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 note on Wednesday, March 26th. Finally, Maxim Group decreased their target price on shares of BWX Technologies from $140.00 to $136.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price 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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