Tidal Investments LLC Reduces Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Tidal Investments LLC lowered its position in BWX Technologies, Inc. (NYSE:BWXT) by 14.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 19,979 shares of the technology company’s stock after selling 3,477 shares during the quarter. Tidal Investments LLC’s holdings in BWX Technologies were worth $2,225,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Narwhal Capital Management increased its position in shares of BWX Technologies by 33.4% during the fourth quarter. Narwhal Capital Management now owns 20,979 shares of the technology company’s stock worth $2,337,000 after acquiring an additional 5,250 shares during the last quarter. Strategic Planning Group LLC purchased a new position in BWX Technologies in the fourth quarter valued at about $3,005,000. Diversify Advisory Services LLC acquired a new stake in BWX Technologies during the 4th quarter valued at approximately $325,000. Calamos Advisors LLC acquired a new stake in BWX Technologies during the 4th quarter valued at approximately $954,000. Finally, Capital Investment Advisory Services LLC purchased a new stake in BWX Technologies during the 4th quarter worth approximately $380,000. Institutional investors and hedge funds own 94.39% of the company’s stock.

BWX Technologies Stock Up 0.2%

NYSE:BWXT opened at $107.63 on Friday. The firm has a market capitalization of $9.83 billion, a PE ratio of 35.64, a price-to-earnings-growth ratio of 3.20 and a beta of 0.66. BWX Technologies, Inc. has a 52 week low of $84.21 and a 52 week high of $136.31. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. The stock has a 50 day moving average of $104.05 and a 200-day moving average of $111.75.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings data on Monday, May 5th. The technology company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.18. The business had revenue of $682.26 million during the quarter, compared to analyst estimates of $644.15 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The company’s revenue was up 13.0% compared to the same quarter last year. During the same period last year, the company posted $0.76 EPS. Analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, May 19th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend is Monday, May 19th. BWX Technologies’s dividend payout ratio is currently 31.85%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BWXT. Bank of America decreased their price target 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 upgraded BWX Technologies to a “strong-buy” rating in a research note on Tuesday, April 1st. Finally, Maxim Group lowered their price objective on BWX Technologies from $140.00 to $136.00 and set a “buy” rating for the company in a report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, BWX Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $123.88.

Insider Activity at BWX Technologies

In other BWX Technologies news, SVP Robert L. Duffy sold 6,000 shares of the company’s 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 sale, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 owns 218,218 shares in the company, valued at approximately $23,436,613.20. This trade represents a 17.29% 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. Insiders own 0.47% of the company’s stock.

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.