Silvercrest Asset Management Group LLC Grows Position in BWX Technologies, Inc. (NYSE:BWXT)

Silvercrest Asset Management Group LLC raised its stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 330,862 shares of the technology company's stock after buying an additional 3,113 shares during the quarter. Silvercrest Asset Management Group LLC owned 0.36% of BWX Technologies worth $36,855,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in BWXT. HHM Wealth Advisors LLC grew its stake in shares of BWX Technologies by 45.0% in 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 period. Principal Securities Inc. increased its position in BWX Technologies by 40.4% in the 4th quarter. Principal Securities Inc. now owns 316 shares of the technology company's stock valued at $35,000 after acquiring an additional 91 shares in the last quarter. Louisiana State Employees Retirement System increased its position in BWX Technologies by 0.4% in the 4th quarter. Louisiana State Employees Retirement System now owns 25,400 shares of the technology company's stock valued at $2,829,000 after acquiring an additional 100 shares in the last quarter. Utah Retirement Systems boosted its stake in shares of BWX Technologies by 2.1% in the 4th quarter. Utah Retirement Systems now owns 4,900 shares of the technology company's stock valued at $546,000 after purchasing an additional 100 shares during the last quarter. Finally, AdvisorNet Financial Inc boosted its stake in shares of BWX Technologies by 15.4% in the 4th quarter. AdvisorNet Financial Inc now owns 779 shares of the technology company's stock valued at $87,000 after purchasing an additional 104 shares during the last quarter. Institutional investors and hedge funds own 94.39% of the company's stock.

Insider Buying and Selling

In other news, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the company's 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 completion of the transaction, the senior vice president now owns 9,904 shares of the company's stock, valued at $1,039,127.68. This represents a 16.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Robert L. Duffy sold 6,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $104.03, for a total transaction 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. Insiders sold a total of 53,625 shares of company stock worth $5,734,145 in the last ninety days. 0.47% of the stock is owned by insiders.

BWX Technologies Stock Performance

BWXT stock traded up $0.18 during midday trading on Tuesday, reaching $110.17. 950,872 shares of the company were exchanged, compared to its average volume of 803,556. The business has a 50-day moving average price of $103.71 and a two-hundred day moving average price of $111.86. The firm has a market capitalization of $10.07 billion, a price-to-earnings ratio of 36.48, a price-to-earnings-growth ratio of 3.20 and a beta of 0.66. BWX Technologies, Inc. has a one year low of $84.21 and a one year high of $136.31. 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 earnings results on Monday, May 5th. The technology company reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.73 by $0.18. The company had revenue of $682.26 million during the quarter, compared to analysts' expectations of $644.15 million. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. BWX Technologies's quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.76 earnings per share. Equities research analysts forecast 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. Stockholders of record on Monday, May 19th will be paid a $0.25 dividend. The ex-dividend date is Monday, May 19th. This represents a $1.00 annualized dividend and a dividend yield of 0.91%. BWX Technologies's payout ratio is 31.85%.

Analyst Upgrades and Downgrades

Several analysts have commented on BWXT shares. Seaport Res Ptn upgraded shares of BWX Technologies to a "strong-buy" rating in a report on Tuesday, April 1st. Maxim Group reduced their price target on BWX Technologies from $140.00 to $136.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Finally, Bank of America reduced their price target on BWX Technologies from $160.00 to $135.00 and set a "buy" rating for the company in a report on Wednesday, March 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price 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.