New Age Alpha Advisors LLC Invests $2.19 Million in BWX Technologies, Inc. (NYSE:BWXT)

New Age Alpha Advisors LLC bought a new stake in BWX Technologies, Inc. (NYSE:BWXT) during the 4th quarter, HoldingsChannel reports. The fund bought 19,638 shares of the technology company’s stock, valued at approximately $2,187,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Caisse Des Depots ET Consignations bought a new position in shares of BWX Technologies in the fourth quarter worth $2,952,000. Blair William & Co. IL lifted its holdings in BWX Technologies by 949.0% in the fourth quarter. Blair William & Co. IL now owns 424,821 shares of the technology company’s stock worth $47,321,000 after purchasing an additional 384,323 shares during the period. NEOS Investment Management LLC bought a new position in BWX Technologies in the 4th quarter valued at about $388,000. JPMorgan Chase & Co. increased its stake in BWX Technologies by 6.8% during the 4th quarter. JPMorgan Chase & Co. now owns 290,653 shares of the technology company’s stock valued at $32,376,000 after buying an additional 18,382 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of BWX Technologies by 7.0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 13,309 shares of the technology company’s stock worth $1,511,000 after buying an additional 874 shares in the last quarter. Institutional investors own 94.39% of the company’s stock.

Insiders Place Their Bets

In other BWX Technologies news, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of BWX Technologies stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $104.92, for a total transaction of $209,840.00. Following the transaction, the senior vice president now 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Rex D. Geveden sold 45,625 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $107.40, for a total transaction of $4,900,125.00. Following the completion of the sale, the chief executive officer now directly owns 218,218 shares of the company’s stock, valued at $23,436,613.20. This trade represents a 17.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 53,625 shares of company stock worth $5,734,145. Corporate insiders own 0.47% of the company’s stock.

BWX Technologies Stock Down 2.2 %

Shares of BWX Technologies stock opened at $99.24 on Friday. BWX Technologies, Inc. has a 12-month low of $86.70 and a 12-month high of $136.31. The firm has a market capitalization of $9.07 billion, a PE ratio of 32.86, a price-to-earnings-growth ratio of 3.20 and a beta of 0.69. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15. The stock’s fifty day moving average is $107.26 and its 200-day moving average is $114.41.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings data on Monday, February 24th. The technology company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $653.16 million. Equities analysts anticipate that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Tuesday, March 11th were paid 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 dividend on an annualized basis and a yield of 1.01%. BWX Technologies’s dividend payout ratio (DPR) is currently 32.57%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Barclays increased 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. Truist Financial lifted their price target on BWX Technologies from $106.00 to $114.00 and gave the company a “hold” rating in a research report on Tuesday, January 14th. Maxim Group upped their price objective on BWX Technologies from $138.00 to $140.00 and gave the company a “buy” rating in a report on Friday, January 10th. Finally, Bank of America lowered their target price on BWX Technologies from $160.00 to $135.00 and set a “buy” rating on the stock in a report on Wednesday. One investment 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.