BWX Technologies, Inc. (NYSE:BWXT) Shares Sold by First Hawaiian Bank

First Hawaiian Bank lessened its holdings in BWX Technologies, Inc. (NYSE:BWXT) by 25.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,194 shares of the technology company’s stock after selling 2,087 shares during the quarter. First Hawaiian Bank’s holdings in BWX Technologies were worth $636,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BWXT. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of BWX Technologies during the 4th quarter worth approximately $25,000. GAMMA Investing LLC lifted its position in BWX Technologies by 77.6% in the first quarter. GAMMA Investing LLC now owns 270 shares of the technology company’s stock valued at $28,000 after acquiring an additional 118 shares during the last quarter. SRS Capital Advisors Inc. grew its holdings in shares of BWX Technologies by 322.1% during the fourth quarter. SRS Capital Advisors Inc. now owns 553 shares of the technology company’s stock worth $42,000 after purchasing an additional 422 shares during the last quarter. Fortis Group Advisors LLC acquired a new stake in shares of BWX Technologies during the third quarter worth about $46,000. Finally, Psagot Value Holdings Ltd. Israel increased its position in shares of BWX Technologies by 768.6% during the fourth quarter. Psagot Value Holdings Ltd. Israel now owns 912 shares of the technology company’s stock worth $70,000 after purchasing an additional 807 shares in the last quarter. 94.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on BWXT shares. StockNews.com upgraded BWX Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, May 8th. CLSA began coverage on shares of BWX Technologies in a research report on Monday, June 3rd. They issued a “buy” rating for the company. Bank of America raised their price objective on shares of BWX Technologies from $82.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of BWX Technologies from $110.00 to $107.00 and set a “buy” rating for the company in a report on Monday, June 10th. Finally, Truist Financial restated a “hold” rating and issued a $95.00 price target (down previously from $110.00) on shares of BWX Technologies in a research report on Monday, March 25th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $92.00.

BWX Technologies Trading Up 0.6 %

NYSE BWXT opened at $93.03 on Friday. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $8.50 billion, a P/E ratio of 33.58, a P/E/G ratio of 3.48 and a beta of 0.71. BWX Technologies, Inc. has a 52-week low of $67.15 and a 52-week high of $107.18. The firm has a 50-day moving average price of $91.22 and a 200 day moving average price of $89.14.

BWX Technologies (NYSE:BWXT) last issued its earnings results on Monday, May 6th. The technology company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.09. BWX Technologies had a return on equity of 31.57% and a net margin of 10.00%. The business had revenue of $603.97 million during the quarter, compared to the consensus estimate of $599.92 million. During the same period in the prior year, the business posted $0.70 EPS. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. Equities research analysts expect that BWX Technologies, Inc. will post 3.19 EPS for the current year.

BWX Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 6th. Stockholders of record on Friday, May 17th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.03%. BWX Technologies’s dividend payout ratio (DPR) is presently 34.66%.

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.