Intech Investment Management LLC Makes New Investment in BWX Technologies, Inc. (NYSE:BWXT)

Intech Investment Management LLC purchased a new stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,025 shares of the technology company's stock, valued at approximately $1,451,000.

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

Insider Transactions at BWX Technologies

In other news, SVP Robert L. Duffy sold 6,000 shares of BWX Technologies 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 sale, the senior vice president now owns 3,206 shares of the company's stock, valued at approximately $333,520.18. The trade was a 65.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of BWX Technologies stock in a transaction 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 sale, the senior vice president now directly owns 9,904 shares in the company, 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. In the last three months, insiders have sold 53,625 shares of company stock worth $5,734,145. 0.47% of the stock is currently owned by insiders.

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BWX Technologies Trading Down 2.3 %

BWXT traded down $2.41 on Wednesday, reaching $102.34. 624,712 shares of the company's stock were exchanged, compared to its average volume of 731,888. The company's 50 day moving average is $108.44 and its 200-day moving average is $114.43. BWX Technologies, Inc. has a twelve month low of $86.70 and a twelve month high of $136.31. 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 has a market cap of $9.35 billion, a price-to-earnings ratio of 33.89, a PEG ratio of 3.20 and a beta of 0.69.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its earnings results on Monday, February 24th. The technology company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.12. The company had revenue of $746.27 million during the quarter, compared to the consensus estimate of $653.16 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. Equities 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 announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Tuesday, March 11th will be paid a dividend of $0.25 per share. This is a positive change from BWX Technologies's previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.00 annualized dividend and a yield of 0.98%. BWX Technologies's payout ratio is presently 32.57%.

Analyst Ratings Changes

Several analysts recently issued reports on BWXT shares. Maxim Group boosted their price objective on shares of BWX Technologies from $138.00 to $140.00 and gave the company a "buy" rating in a report on Friday, January 10th. Bank of America cut their price target on BWX Technologies from $160.00 to $135.00 and set a "buy" rating on the stock in a report on Wednesday. Truist Financial raised their target price on BWX Technologies from $106.00 to $114.00 and gave the stock a "hold" rating in a research report on Tuesday, January 14th. Finally, Barclays increased their target price on shares of BWX Technologies from $90.00 to $105.00 and gave the company an "underweight" rating in a research report on Monday, December 16th. One 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, the stock has a consensus rating of "Moderate Buy" and an average target price of $124.38.

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.