Moore Capital Management LP Sells 17,944 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Moore Capital Management LP trimmed its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 20.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 71,781 shares of the technology company’s stock after selling 17,944 shares during the period. Moore Capital Management LP owned approximately 0.08% of BWX Technologies worth $7,996,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of BWXT. Vanguard Group Inc. raised its holdings in shares of BWX Technologies by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 9,211,924 shares of the technology company’s stock worth $1,026,116,000 after buying an additional 202,917 shares in the last quarter. Demars Financial Group LLC boosted its holdings in BWX Technologies by 9,309.0% in the fourth quarter. Demars Financial Group LLC now owns 4,482,439 shares of the technology company’s stock valued at $499,299,000 after acquiring an additional 4,434,799 shares during the last quarter. Franklin Resources Inc. grew its position in shares of BWX Technologies by 8.5% during the 4th quarter. Franklin Resources Inc. now owns 2,315,671 shares of the technology company’s stock worth $257,943,000 after buying an additional 182,311 shares during the period. Van ECK Associates Corp lifted its stake in shares of BWX Technologies by 46.7% in the 4th quarter. Van ECK Associates Corp now owns 1,408,736 shares of the technology company’s stock valued at $156,919,000 after purchasing an additional 448,467 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of BWX Technologies by 19.8% in the 4th quarter. Bank of New York Mellon Corp now owns 1,379,779 shares of the technology company’s stock worth $153,694,000 after purchasing an additional 228,413 shares during the last quarter. Institutional investors own 94.39% of the company’s stock.

Analysts Set New Price Targets

BWXT has been the topic of a number of analyst reports. Bank of America cut their price target on shares of BWX Technologies from $160.00 to $135.00 and set a “buy” rating on the stock in a research report on Wednesday, March 26th. Truist Financial lifted their target price on BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a report on Tuesday, January 14th. Seaport Res Ptn upgraded BWX Technologies to a “strong-buy” rating in a report on Tuesday, April 1st. Finally, Maxim Group decreased their price objective on BWX Technologies from $140.00 to $136.00 and set a “buy” rating for the company in a research report on Thursday. One analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $123.88.

BWX Technologies Stock Performance

BWXT opened at $108.46 on Monday. The firm has a market cap of $9.91 billion, a P/E ratio of 35.91, a price-to-earnings-growth ratio of 3.20 and a beta of 0.66. The business’s fifty day moving average is $102.36 and its 200-day moving average is $112.52. BWX Technologies, Inc. has a 52-week low of $84.21 and a 52-week high of $136.31. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings results on Monday, May 5th. The technology company reported $0.91 earnings per share for the quarter, beating 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 net margin of 10.32% and a return on equity of 31.95%. The firm’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period last year, the company posted $0.76 EPS. Sell-side analysts expect that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

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 issued a dividend of $0.25 per share. The ex-dividend date is Monday, May 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.92%. BWX Technologies’s dividend payout ratio (DPR) is presently 31.85%.

Insider Buying and Selling

In other news, SVP Robert L. Duffy sold 6,000 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $104.03, for a total transaction of $624,180.00. Following 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $104.92, for a total value of $209,840.00. Following the completion of the sale, the senior vice president now directly owns 9,904 shares of the company’s stock, valued at $1,039,127.68. This trade represents a 16.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 53,625 shares of company stock valued at $5,734,145 over the last 90 days. 0.47% of the stock is owned by insiders.

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.