Bank of Montreal Can Sells 74,978 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Bank of Montreal Can trimmed its stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 72.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 28,412 shares of the technology company's stock after selling 74,978 shares during the quarter. Bank of Montreal Can's holdings in BWX Technologies were worth $3,165,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Narwhal Capital Management boosted its holdings in shares of BWX Technologies by 33.4% in the 4th quarter. Narwhal Capital Management now owns 20,979 shares of the technology company's stock valued at $2,337,000 after purchasing an additional 5,250 shares in the last quarter. Cadinha & Co. LLC grew its position in BWX Technologies by 469.2% in the fourth 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 bought a new position in shares of BWX Technologies in the fourth quarter worth about $737,000. Strategic Planning Group LLC acquired a new stake in shares of BWX Technologies in the 4th quarter valued at approximately $3,005,000. Finally, Diversify Advisory Services LLC bought a new stake in shares of BWX Technologies during the 4th quarter valued at approximately $325,000. 94.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BWXT. Maxim Group raised 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 upped their target price on BWX Technologies from $106.00 to $114.00 and gave the stock a "hold" rating in a report on Tuesday, January 14th. Seaport Res Ptn upgraded BWX Technologies to a "strong-buy" rating in a report on Tuesday, April 1st. Finally, Bank of America cut their target price on shares of BWX Technologies from $160.00 to $135.00 and set a "buy" rating on the stock in a research report on Wednesday, March 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $124.38.

BWX Technologies Trading Down 3.1 %

BWXT stock traded down $3.22 during midday trading on Monday, hitting $100.49. The stock had a trading volume of 719,298 shares, compared to its average volume of 785,796. The business has a fifty day moving average price of $101.21 and a two-hundred day moving average price of $113.74. BWX Technologies, Inc. has a 1-year low of $84.21 and a 1-year high of $136.31. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. The firm has a market cap of $9.18 billion, a P/E ratio of 33.27, a price-to-earnings-growth ratio of 3.20 and a beta of 0.67.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its quarterly earnings data on Monday, February 24th. The technology company reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.12. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The firm had revenue of $746.27 million during the quarter, compared to analysts' expectations of $653.16 million. On average, sell-side analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Tuesday, March 11th were issued a dividend of $0.25 per share. This is a boost from BWX Technologies's previous quarterly dividend of $0.24. The ex-dividend date was Tuesday, March 11th. This represents a $1.00 dividend on an annualized basis and a yield of 1.00%. BWX Technologies's payout ratio is presently 32.57%.

Insider Activity at BWX Technologies

In other news, 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Rex D. Geveden sold 45,625 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The stock was 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 of the company's stock, valued at $23,436,613.20. The trade was a 17.29 % 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 owned by company insiders.

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.