BWX Technologies, Inc. (NYSE:BWXT) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. grew its position in BWX Technologies, Inc. (NYSE:BWXT) by 2.3% during the fourth quarter, Holdings Channel reports. The firm owned 9,211,924 shares of the technology company’s stock after acquiring an additional 202,917 shares during the period. Vanguard Group Inc. owned approximately 0.10% of BWX Technologies worth $1,026,116,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in BWX Technologies in the fourth quarter valued at approximately $69,730,000. Stephens Investment Management Group LLC purchased a new stake in shares of BWX Technologies in the 4th quarter valued at $50,054,000. Van ECK Associates Corp increased its stake in shares of BWX Technologies by 46.7% in the fourth 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 during the period. FMR LLC raised its holdings in shares of BWX Technologies by 22.3% during the third quarter. FMR LLC now owns 1,754,567 shares of the technology company’s stock worth $190,721,000 after purchasing an additional 320,217 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of 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 worth $153,694,000 after purchasing an additional 228,413 shares during the last quarter. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at BWX Technologies

In other BWX Technologies news, SVP Robert L. Duffy sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $104.03, for a total transaction of $624,180.00. Following the completion of the sale, the senior vice president now directly owns 3,206 shares in the company, valued at approximately $333,520.18. The trade was a 65.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the 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 transaction, the senior vice president now directly owns 9,904 shares of the company’s stock, valued at $1,039,127.68. The trade was a 16.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 53,625 shares of company stock valued at $5,734,145 over the last 90 days. Corporate insiders own 0.47% of the company’s stock.

BWX Technologies Stock Performance

Shares of BWXT stock opened at $99.24 on Friday. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. BWX Technologies, Inc. has a 12-month low of $86.70 and a 12-month high of $136.31. The business’s 50 day moving average is $107.26 and its two-hundred day moving average is $114.28. The company has a market capitalization of $9.07 billion, a P/E ratio of 32.86, a P/E/G ratio of 3.20 and a beta of 0.69.

BWX Technologies (NYSE:BWXT) last announced its earnings results on Monday, February 24th. The technology company reported $0.92 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $746.27 million for the quarter, compared to analyst estimates of $653.16 million. Analysts expect that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Tuesday, March 11th were given a $0.25 dividend. This is a positive change from BWX Technologies’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.00 annualized dividend and a dividend yield of 1.01%. BWX Technologies’s dividend payout ratio (DPR) is 32.57%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on BWXT shares. Maxim Group increased their price target on BWX Technologies from $138.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Truist Financial raised their target price on BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a report on Tuesday, January 14th. Bank of America decreased their price target on BWX Technologies from $160.00 to $135.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Barclays upped their price objective on BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a research report on Monday, December 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, BWX Technologies presently has an average rating of “Moderate Buy” and an average target price of $124.38.

BWX Technologies 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.