Silvercrest Asset Management Group LLC Purchases 3,113 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Silvercrest Asset Management Group LLC boosted its position in BWX Technologies, Inc. (NYSE:BWXT) by 0.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 330,862 shares of the technology company’s stock after purchasing an additional 3,113 shares during the period. Silvercrest Asset Management Group LLC owned about 0.36% of BWX Technologies worth $36,855,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Retirement Wealth Solutions LLC bought a new position in shares of BWX Technologies during the 4th quarter valued at approximately $30,000. HHM Wealth Advisors LLC grew its position in shares of 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 acquiring an additional 90 shares during the period. Principal Securities Inc. grew its position in shares of 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 acquiring an additional 91 shares during the period. V Square Quantitative Management LLC grew its position in shares of 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 acquiring an additional 117 shares during the period. Finally, UMB Bank n.a. grew its position in shares of 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 acquiring an additional 250 shares during the period. 94.39% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, SVP Robert L. Duffy sold 6,000 shares of the business’s stock in a transaction dated 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 directly owns 3,206 shares in the company, valued at $333,520.18. The trade was a 65.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rex D. Geveden sold 45,625 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was 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 owns 218,218 shares of the company’s stock, valued at approximately $23,436,613.20. The trade was a 17.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 53,625 shares of company stock worth $5,734,145 over the last ninety days. 0.47% of the stock is owned by corporate insiders.

BWX Technologies Price Performance

Shares of NYSE BWXT opened at $109.74 on Friday. The stock has a market cap of $10.03 billion, a PE ratio of 36.34, a price-to-earnings-growth ratio of 3.20 and a beta of 0.66. BWX Technologies, Inc. has a fifty-two week low of $84.21 and a fifty-two 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. The stock has a fifty day moving average of $103.21 and a 200-day moving average of $112.12.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings results on Monday, May 5th. The technology company reported $0.91 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 31.95% and a net margin of 10.32%. The firm’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.76 earnings per share. Equities research analysts anticipate that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Bank of America reduced 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 report on Wednesday, March 26th. Seaport Res Ptn raised shares of BWX Technologies to a “strong-buy” rating in a research report on Tuesday, April 1st. Finally, Maxim Group dropped their price target on shares of BWX Technologies from $140.00 to $136.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.