Schroder Investment Management Group Decreases Stock Position in BWX Technologies, Inc. (NYSE:BWXT)

Schroder Investment Management Group decreased its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 21.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 552,419 shares of the technology company’s stock after selling 153,316 shares during the period. Schroder Investment Management Group’s holdings in BWX Technologies were worth $61,959,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Narwhal Capital Management grew its stake in shares of BWX Technologies by 33.4% during the fourth quarter. Narwhal Capital Management now owns 20,979 shares of the technology company’s stock worth $2,337,000 after purchasing an additional 5,250 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of BWX Technologies by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,682,563 shares of the technology company’s stock worth $182,938,000 after acquiring an additional 26,130 shares in the last quarter. Cadinha & Co. LLC increased its holdings in shares of BWX Technologies by 469.2% in the 4th quarter. Cadinha & Co. LLC now owns 64,341 shares of the technology company’s stock valued at $7,167,000 after acquiring an additional 53,038 shares during the last quarter. Cooper Financial Group acquired a new stake in shares of BWX Technologies during the 4th quarter worth about $737,000. Finally, Strategic Planning Group LLC purchased a new stake in BWX Technologies during the fourth quarter worth approximately $3,005,000. Institutional investors and hedge funds own 94.39% of the company’s stock.

BWX Technologies Stock Performance

Shares of BWXT opened at $98.65 on Tuesday. BWX Technologies, Inc. has a 1 year low of $86.70 and a 1 year high of $136.31. The stock has a market capitalization of $9.02 billion, a P/E ratio of 32.66, a P/E/G ratio of 3.20 and a beta of 0.69. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25. The company’s fifty day moving average is $106.77 and its two-hundred day moving average is $114.54.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings results 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. The firm had revenue of $746.27 million during the quarter, compared to analysts’ expectations of $653.16 million. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. On average, sell-side analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Increases Dividend

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

Analyst Ratings Changes

A number of research firms have weighed in on BWXT. Maxim Group raised their price objective on shares of BWX Technologies from $138.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Barclays boosted their price objective on BWX Technologies from $90.00 to $105.00 and gave the company an “underweight” rating in a research note on Monday, December 16th. Truist Financial raised their target price on shares of BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. Finally, Bank of America reduced their price target on shares of BWX Technologies from $160.00 to $135.00 and set a “buy” rating for the company in a research report on Wednesday, March 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $124.38.

Insider Activity at BWX Technologies

In other news, CEO Rex D. Geveden sold 45,625 shares of BWX Technologies stock in a transaction that occurred on Wednesday, February 26th. The shares were 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 in the company, valued at approximately $23,436,613.20. This trade represents a 17.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 stock was sold at an average price of $104.92, for a total value of $209,840.00. Following the completion of the sale, the senior vice president now owns 9,904 shares in the company, valued at approximately $1,039,127.68. This represents a 16.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 53,625 shares of company stock worth $5,734,145 over the last three months. 0.47% of the stock is currently owned by corporate insiders.

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.