Arrowstreet Capital Limited Partnership Buys 273,030 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Arrowstreet Capital Limited Partnership grew its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 137.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 471,260 shares of the technology company's stock after purchasing an additional 273,030 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.52% of BWX Technologies worth $52,494,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Retirement Wealth Solutions LLC purchased a new position in BWX Technologies during the fourth quarter valued at $30,000. Quarry LP raised its stake in shares of BWX Technologies by 93.6% in the third quarter. Quarry LP now owns 271 shares of the technology company's stock worth $29,000 after buying an additional 131 shares during the period. HHM Wealth Advisors LLC lifted its position 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 valued at $32,000 after buying an additional 90 shares in the last quarter. Principal Securities Inc. grew its stake 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 valued at $35,000 after acquiring an additional 91 shares during the period. Finally, V Square Quantitative Management LLC increased its holdings in BWX Technologies by 40.5% in the 4th quarter. V Square Quantitative Management LLC now owns 406 shares of the technology company's stock worth $45,000 after acquiring an additional 117 shares in the last quarter. Hedge funds and other institutional investors own 94.39% of the company's stock.

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Analyst Ratings Changes

BWXT has been the topic of several analyst reports. Bank of America lowered their price target on shares of BWX Technologies from $160.00 to $135.00 and set a "buy" rating on the stock in a report on Wednesday, March 26th. Barclays increased their price target on BWX Technologies from $90.00 to $105.00 and gave the stock an "underweight" rating in a research note on Monday, December 16th. Truist Financial boosted their price objective on BWX Technologies from $106.00 to $114.00 and gave the company a "hold" rating in a research report on Tuesday, January 14th. Seaport Res Ptn upgraded BWX Technologies to a "strong-buy" rating in a research report on Tuesday, April 1st. Finally, Maxim Group boosted their price target on BWX Technologies from $138.00 to $140.00 and gave the stock a "buy" rating in a report on Friday, January 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $124.38.

Insiders Place Their Bets

In related news, CEO Rex D. Geveden sold 45,625 shares of BWX Technologies stock in a transaction dated 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 transaction, the chief executive officer now directly owns 218,218 shares of the company's stock, valued at approximately $23,436,613.20. The trade was a 17.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the 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 completion of the sale, the senior vice president now directly owns 9,904 shares in the company, valued at $1,039,127.68. This trade represents a 16.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 53,625 shares of company stock valued at $5,734,145 over the last ninety days. 0.47% of the stock is owned by insiders.

BWX Technologies Price Performance

NYSE:BWXT traded down $6.28 during trading hours on Friday, reaching $89.14. The stock had a trading volume of 1,166,373 shares, compared to its average volume of 767,988. The stock has a market capitalization of $8.15 billion, a PE ratio of 29.52, a PEG ratio of 3.20 and a beta of 0.67. BWX Technologies, Inc. has a 52 week low of $86.70 and a 52 week high of $136.31. The company has a 50 day moving average price of $104.30 and a two-hundred day moving average price of $114.50. 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 announced its quarterly earnings results on Monday, February 24th. The technology company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.12. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The company had revenue of $746.27 million for the quarter, compared to analysts' expectations of $653.16 million. As a group, sell-side analysts anticipate that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Tuesday, March 11th were given a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.00 annualized dividend and a yield of 1.12%. This is a positive change from BWX Technologies's previous quarterly dividend of $0.24. BWX Technologies's dividend payout ratio (DPR) is currently 32.57%.

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.