Callan Family Office LLC Takes Position in BWX Technologies, Inc. (NYSE:BWXT)

Callan Family Office LLC acquired a new stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 6,022 shares of the technology company's stock, valued at approximately $671,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. CIBC Asset Management Inc raised its stake in BWX Technologies by 3.4% in the third quarter. CIBC Asset Management Inc now owns 2,667 shares of the technology company's stock valued at $290,000 after purchasing an additional 87 shares in the last quarter. HHM Wealth Advisors LLC lifted its holdings in shares of BWX Technologies by 45.0% during the 4th quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company's stock worth $32,000 after acquiring an additional 90 shares during the period. Principal Securities Inc. lifted its holdings in shares of BWX Technologies by 40.4% during the 4th quarter. Principal Securities Inc. now owns 316 shares of the technology company's stock worth $35,000 after acquiring an additional 91 shares during the period. Stone House Investment Management LLC boosted its position in shares of BWX Technologies by 76.2% during the 3rd quarter. Stone House Investment Management LLC now owns 229 shares of the technology company's stock worth $25,000 after acquiring an additional 99 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in BWX Technologies by 0.4% in the fourth quarter. Louisiana State Employees Retirement System now owns 25,400 shares of the technology company's stock valued at $2,829,000 after acquiring an additional 100 shares during the last quarter. 94.39% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

BWXT has been the topic of a number of research analyst reports. Alembic Global Advisors raised BWX Technologies from a "neutral" rating to an "overweight" rating and set a $148.00 target price on the stock in a report on Tuesday, November 12th. Maxim Group upped their price target on BWX Technologies from $138.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, January 10th. Truist Financial raised their price objective 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. Bank of America boosted their target price on BWX Technologies from $115.00 to $160.00 and gave the company a "buy" rating in a research report on Thursday, November 14th. Finally, Barclays boosted their price objective on BWX Technologies from $90.00 to $105.00 and gave the company an "underweight" rating in a report on Monday, December 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $127.50.

BWX Technologies Stock Performance

Shares of NYSE BWXT traded up $1.38 during midday trading on Wednesday, reaching $98.28. The company's stock had a trading volume of 961,528 shares, compared to its average volume of 716,936. 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 stock has a market capitalization of $8.99 billion, a P/E ratio of 32.54, a PEG ratio of 3.20 and a beta of 0.69. The firm has a 50 day moving average price of $111.19 and a 200-day moving average price of $114.44. BWX Technologies, Inc. has a 12-month low of $86.70 and a 12-month high of $136.31.

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 (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $653.16 million. As a group, equities analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Tuesday, March 11th will be given a $0.25 dividend. 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 yield of 1.02%. The ex-dividend date is Tuesday, March 11th. BWX Technologies's dividend payout ratio (DPR) is currently 32.57%.

Insider Buying and Selling at BWX Technologies

In other news, SVP Robert L. Duffy sold 6,000 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $104.03, for a total value of $624,180.00. Following the sale, the senior vice president now directly owns 3,206 shares of the company's stock, valued at approximately $333,520.18. This represents a 65.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Rex D. Geveden sold 45,625 shares of the business's 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 transaction, the chief executive officer now directly owns 218,218 shares of the company's stock, valued at approximately $23,436,613.20. This represents a 17.29 % 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 ninety days. 0.47% of the stock is currently owned by company 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.