Park Avenue Securities LLC Sells 364 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Park Avenue Securities LLC trimmed its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT) by 7.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,571 shares of the technology company’s stock after selling 364 shares during the quarter. Park Avenue Securities LLC’s holdings in BWX Technologies were worth $469,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. GAMMA Investing LLC lifted its position in shares of BWX Technologies by 77.6% during the first quarter. GAMMA Investing LLC now owns 270 shares of the technology company’s stock worth $28,000 after purchasing an additional 118 shares during the last quarter. Stephens Inc. AR increased its stake in shares of BWX Technologies by 0.9% during the fourth quarter. Stephens Inc. AR now owns 16,286 shares of the technology company’s stock valued at $1,250,000 after buying an additional 151 shares during the period. Benjamin F. Edwards & Company Inc. purchased a new position in shares of BWX Technologies during the fourth quarter valued at $25,000. Cadinha & Co. LLC increased its stake in shares of BWX Technologies by 0.3% during the fourth quarter. Cadinha & Co. LLC now owns 121,880 shares of the technology company’s stock valued at $9,352,000 after buying an additional 343 shares during the period. Finally, Retirement Systems of Alabama increased its stake in shares of BWX Technologies by 0.3% during the fourth quarter. Retirement Systems of Alabama now owns 114,557 shares of the technology company’s stock valued at $8,790,000 after buying an additional 352 shares during the period. 94.39% of the stock is currently owned by institutional investors.

BWX Technologies Price Performance

Shares of NYSE BWXT opened at $94.95 on Friday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 2.24 and a current ratio of 2.24. The company has a market cap of $8.68 billion, a PE ratio of 34.28, a P/E/G ratio of 3.60 and a beta of 0.71. The business has a 50-day simple moving average of $91.38 and a two-hundred day simple moving average of $89.66. BWX Technologies, Inc. has a fifty-two week low of $67.91 and a fifty-two week high of $107.18.

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

BWX Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Friday, May 17th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date was Thursday, May 16th. BWX Technologies’s dividend payout ratio (DPR) is 34.66%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. StockNews.com lowered BWX Technologies from a “buy” rating to a “hold” rating in a research note on Thursday. Janney Montgomery Scott assumed coverage on BWX Technologies in a research note on Thursday. They set a “buy” rating and a $113.00 price target on the stock. CLSA assumed coverage on BWX Technologies in a research note on Monday, June 3rd. They set a “buy” rating on the stock. Bank of America lifted their target price on BWX Technologies from $82.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on BWX Technologies from $110.00 to $107.00 and set a “buy” rating on the stock in a research note on Monday, June 10th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.33.

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.