Anchor Capital Advisors LLC Cuts Position in BWX Technologies, Inc. (NYSE:BWXT)

Anchor Capital Advisors LLC lessened its stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 6.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 342,879 shares of the technology company's stock after selling 23,441 shares during the period. Anchor Capital Advisors LLC owned approximately 0.37% of BWX Technologies worth $38,193,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. CIBC Asset Management Inc grew its stake in BWX Technologies by 3.4% during the 3rd 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 during the last quarter. HHM Wealth Advisors LLC lifted its holdings in shares of BWX Technologies by 45.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company's stock worth $32,000 after purchasing an additional 90 shares during the period. Principal Securities Inc. increased its holdings in BWX Technologies by 40.4% in the 4th quarter. Principal Securities Inc. now owns 316 shares of the technology company's stock worth $35,000 after buying an additional 91 shares during the period. Stone House Investment Management LLC raised its position in 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 buying an additional 99 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its holdings in shares of BWX Technologies by 0.4% in the 4th 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 currently owned by institutional investors and hedge funds.

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BWX Technologies Price Performance

Shares of BWXT traded down $0.27 during mid-day trading on Tuesday, hitting $101.23. 904,689 shares of the company were exchanged, compared to its average volume of 710,844. The stock has a market cap of $9.26 billion, a price-to-earnings ratio of 33.51, a price-to-earnings-growth ratio of 3.20 and a beta of 0.73. BWX Technologies, Inc. has a 1-year low of $86.70 and a 1-year high of $136.31. The company has a 50 day moving average of $112.72 and a 200-day moving average of $114.45. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25.

BWX Technologies (NYSE:BWXT - Get Free Report) last released 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. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The business had revenue of $746.27 million for the quarter, compared to the consensus estimate 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 firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Tuesday, March 11th will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, March 11th. This is a positive change from BWX Technologies's previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 0.99%. BWX Technologies's payout ratio is presently 32.57%.

Wall Street Analyst Weigh In

BWXT has been the subject of a number of research reports. Maxim Group boosted their target price on shares of 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 boosted their price target on BWX Technologies from $106.00 to $114.00 and gave the company a "hold" rating in a report on Tuesday, January 14th. Alembic Global Advisors upgraded shares of BWX Technologies from a "neutral" rating to an "overweight" rating and set a $148.00 target price for the company in a research note on Tuesday, November 12th. StockNews.com cut shares of BWX Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, November 6th. Finally, Bank of America increased their target price on shares of BWX Technologies from $115.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, BWX Technologies has an average rating of "Moderate Buy" and an average price target of $127.50.

Insiders Place Their Bets

In related news, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the 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 transaction, the senior vice president now directly owns 9,904 shares in the company, valued at approximately $1,039,127.68. This represents a 16.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Rex D. Geveden sold 45,625 shares of BWX Technologies stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $107.40, for a total value of $4,900,125.00. Following the completion of the sale, the chief executive officer now owns 218,218 shares in the company, valued at $23,436,613.20. This represents a 17.29 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.47% of the company's stock.

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.