Bokf Na Sells 19,000 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Bokf Na decreased its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT) by 45.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 23,095 shares of the technology company’s stock after selling 19,000 shares during the quarter. Bokf Na’s holdings in BWX Technologies were worth $2,353,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Quent Capital LLC boosted its stake in BWX Technologies by 147.6% during the 1st quarter. Quent Capital LLC now owns 255 shares of the technology company’s stock valued at $26,000 after purchasing an additional 152 shares during the period. GAMMA Investing LLC boosted its stake in BWX Technologies by 77.6% during the 1st quarter. GAMMA Investing LLC now owns 270 shares of the technology company’s stock valued at $28,000 after purchasing an additional 118 shares during the period. Toth Financial Advisory Corp boosted its stake in BWX Technologies by 1,500.0% during the 1st quarter. Toth Financial Advisory Corp now owns 320 shares of the technology company’s stock valued at $33,000 after purchasing an additional 300 shares during the period. Benjamin F. Edwards & Company Inc. bought a new stake in BWX Technologies during the 4th quarter valued at approximately $25,000. Finally, EntryPoint Capital LLC boosted its stake in BWX Technologies by 534.1% during the 1st quarter. EntryPoint Capital LLC now owns 520 shares of the technology company’s stock valued at $53,000 after purchasing an additional 438 shares during the period. Institutional investors own 94.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Janney Montgomery Scott assumed coverage on BWX Technologies in a report on Thursday, June 27th. They issued a “buy” rating and a $113.00 price target for the company. CLSA assumed coverage on BWX Technologies in a report on Monday, June 3rd. They issued a “buy” rating for the company. Deutsche Bank Aktiengesellschaft cut their price target on BWX Technologies from $110.00 to $107.00 and set a “buy” rating for the company in a report on Monday, June 10th. StockNews.com cut BWX Technologies from a “buy” rating to a “hold” rating in a report on Thursday, June 27th. Finally, BTIG Research assumed coverage on BWX Technologies in a report on Wednesday, June 26th. They issued a “buy” rating and a $110.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, BWX Technologies presently has an average rating of “Moderate Buy” and an average target price of $98.00.

BWX Technologies Price Performance

Shares of BWXT traded up $0.41 during mid-day trading on Friday, reaching $99.14. The company had a trading volume of 536,869 shares, compared to its average volume of 443,795. BWX Technologies, Inc. has a twelve month low of $67.91 and a twelve month high of $107.18. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.24 and a quick ratio of 2.24. The company’s 50-day moving average is $93.87 and its 200-day moving average is $92.68. The company has a market capitalization of $9.06 billion, a P/E ratio of 35.79, a P/E/G ratio of 3.67 and a beta of 0.69.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Monday, May 6th. The technology company reported $0.76 earnings per share for the quarter, beating 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 firm had revenue of $603.97 million during the quarter, compared to analysts’ expectations of $599.92 million. During the same period last year, the firm posted $0.70 EPS. The business’s revenue was up 6.3% on a year-over-year basis. On average, equities analysts anticipate that BWX Technologies, Inc. will post 3.19 EPS for the current year.

BWX Technologies Dividend Announcement

The firm also recently declared 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. The ex-dividend date was Thursday, May 16th. This represents a $0.96 dividend on an annualized basis and a yield of 0.97%. BWX Technologies’s dividend payout ratio is 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.