Bahl & Gaynor Inc. Trims Position in BWX Technologies, Inc. (NYSE:BWXT)

Bahl & Gaynor Inc. lessened its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 2.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 39,036 shares of the technology company’s stock after selling 1,062 shares during the period. Bahl & Gaynor Inc.’s holdings in BWX Technologies were worth $4,348,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of BWXT. Stone House Investment Management LLC raised its holdings in BWX Technologies by 76.2% in the 3rd quarter. Stone House Investment Management LLC now owns 229 shares of the technology company’s stock valued at $25,000 after buying an additional 99 shares during the period. Quarry LP raised its holdings in BWX Technologies by 93.6% in the 3rd quarter. Quarry LP now owns 271 shares of the technology company’s stock valued at $29,000 after buying an additional 131 shares during the period. Retirement Wealth Solutions LLC purchased a new stake in BWX Technologies in the 4th quarter valued at about $30,000. HHM Wealth Advisors LLC raised its holdings in BWX Technologies by 45.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company’s stock valued at $32,000 after buying an additional 90 shares during the period. Finally, Principal Securities Inc. raised its holdings in BWX Technologies by 40.4% in the 4th quarter. Principal Securities Inc. now owns 316 shares of the technology company’s stock valued at $35,000 after buying an additional 91 shares during the period. Hedge funds and other institutional investors own 94.39% of the company’s stock.

BWX Technologies Stock Down 0.3 %

Shares of NYSE:BWXT opened at $101.23 on Wednesday. BWX Technologies, Inc. has a 1 year low of $86.70 and a 1 year high of $136.31. The firm has a market capitalization of $9.26 billion, a PE ratio of 33.52, a price-to-earnings-growth ratio of 3.20 and a beta of 0.73. 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’s 50-day moving average is $112.72 and its two-hundred day moving average is $114.45.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings data 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 return on equity of 31.95% and a net margin of 10.32%. The business had revenue of $746.27 million during the quarter, compared to the consensus estimate of $653.16 million. Analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Tuesday, March 11th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This is an increase from BWX Technologies’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.99%. BWX Technologies’s payout ratio is currently 32.57%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BWXT. StockNews.com lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Barclays boosted their price objective on shares of BWX Technologies from $90.00 to $105.00 and gave the company an “underweight” rating in a report on Monday, December 16th. Alembic Global Advisors upgraded shares of BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price objective on the stock in a report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, Truist Financial boosted their price target on shares of BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a research note on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, BWX Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.50.

Insider Transactions at BWX Technologies

In related news, CEO Rex D. Geveden sold 45,625 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $107.40, for a total value of $4,900,125.00. Following the completion of the transaction, the chief executive officer now directly owns 218,218 shares of the company’s stock, valued at $23,436,613.20. This represents a 17.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $104.92, for a total value of $209,840.00. Following the completion of the transaction, the senior vice president now directly owns 9,904 shares of the company’s stock, valued at $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. Corporate insiders own 0.47% of the company’s stock.

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.