Charles Schwab Investment Management Inc. Has $117.24 Million Stake in BWX Technologies, Inc. (NYSE:BWXT)

Charles Schwab Investment Management Inc. reduced its stake in BWX Technologies, Inc. (NYSE:BWXT) by 0.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,052,484 shares of the technology company’s stock after selling 9,019 shares during the period. Charles Schwab Investment Management Inc.’s holdings in BWX Technologies were worth $117,236,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Stephens Investment Management Group LLC bought a new position in BWX Technologies in the 4th quarter valued at about $50,054,000. Van ECK Associates Corp boosted its position in shares of BWX Technologies by 46.7% during the 4th quarter. Van ECK Associates Corp now owns 1,408,736 shares of the technology company’s stock worth $156,919,000 after acquiring an additional 448,467 shares in the last quarter. FMR LLC increased its stake in BWX Technologies by 22.3% in the third quarter. FMR LLC now owns 1,754,567 shares of the technology company’s stock valued at $190,721,000 after acquiring an additional 320,217 shares during the last quarter. Bank of New York Mellon Corp raised its position in BWX Technologies by 19.8% during the fourth quarter. Bank of New York Mellon Corp now owns 1,379,779 shares of the technology company’s stock valued at $153,694,000 after purchasing an additional 228,413 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in BWX Technologies by 29.1% during the third quarter. Thrivent Financial for Lutherans now owns 746,145 shares of the technology company’s stock worth $81,105,000 after purchasing an additional 168,077 shares during the last quarter. Institutional investors and hedge funds own 94.39% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on BWXT shares. Barclays lifted their price target on BWX Technologies from $90.00 to $105.00 and gave the company an “underweight” rating in a research note on Monday, December 16th. Maxim Group lifted their target price on BWX Technologies from $138.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Alembic Global Advisors raised shares of BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 target price for the company in a report on Tuesday, November 12th. Bank of America lifted their price target on shares of BWX Technologies from $115.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, Truist Financial increased their price objective on shares of BWX Technologies from $106.00 to $114.00 and gave the company a “hold” rating in a research note on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, BWX Technologies currently has an average rating of “Moderate Buy” and an average target price of $127.50.

BWX Technologies Stock Down 0.8 %

Shares of NYSE BWXT opened at $99.40 on Friday. BWX Technologies, Inc. has a 1 year low of $86.70 and a 1 year high of $136.31. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. The firm has a market cap of $9.09 billion, a PE ratio of 32.92, a price-to-earnings-growth ratio of 3.20 and a beta of 0.69. The company has a 50 day simple moving average of $111.79 and a 200 day simple moving average of $114.40.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings results on Monday, February 24th. The technology company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.12. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The company had revenue of $746.27 million for the quarter, compared to analyst estimates of $653.16 million. On average, research analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Tuesday, March 11th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Tuesday, March 11th. This is a positive change from BWX Technologies’s previous quarterly dividend of $0.24. BWX Technologies’s payout ratio is 32.57%.

Insider Activity

In other news, CEO Rex D. Geveden sold 45,625 shares of the business’s 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. The trade was a 17.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $104.92, for a total transaction of $209,840.00. Following the sale, the senior vice president now owns 9,904 shares of the company’s stock, valued at approximately $1,039,127.68. This trade represents a 16.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 53,625 shares of company stock valued at $5,734,145. Company 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.