Bank of New York Mellon Corp Boosts Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Bank of New York Mellon Corp lifted its stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 19.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,379,779 shares of the technology company's stock after purchasing an additional 228,413 shares during the period. Bank of New York Mellon Corp owned approximately 1.51% of BWX Technologies worth $153,694,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in BWXT. CIBC Asset Management Inc raised its stake in shares of BWX Technologies by 3.4% during the 3rd quarter. CIBC Asset Management Inc now owns 2,667 shares of the technology company's stock worth $290,000 after buying an additional 87 shares during the last quarter. HHM Wealth Advisors LLC increased its holdings in 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 acquiring an additional 90 shares in the last quarter. Principal Securities Inc. raised its position in BWX Technologies by 40.4% during the fourth 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 last quarter. Stone House Investment Management LLC lifted its holdings in shares of BWX Technologies by 76.2% in the third quarter. Stone House Investment Management LLC now owns 229 shares of the technology company's stock valued at $25,000 after purchasing an additional 99 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its position in shares of 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 purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 94.39% of the company's stock.

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BWX Technologies Trading Up 1.2 %

BWXT traded up $1.20 during midday trading on Tuesday, hitting $102.70. The company's stock had a trading volume of 788,170 shares, compared to its average volume of 710,040. BWX Technologies, Inc. has a 52-week low of $86.70 and a 52-week high of $136.31. The firm has a 50-day moving average price of $112.72 and a two-hundred day moving average price of $114.45. 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 $9.40 billion, a P/E ratio of 33.99, a PEG ratio of 3.20 and a beta of 0.73.

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

BWX Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Tuesday, March 11th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Tuesday, March 11th. This is an increase from BWX Technologies's previous quarterly dividend of $0.24. BWX Technologies's payout ratio is 32.57%.

Insider Buying and Selling at BWX Technologies

In other news, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the 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 completion of the sale, the senior vice president now owns 9,904 shares of the company's stock, valued at $1,039,127.68. This represents a 16.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction of $4,900,125.00. Following the transaction, the chief executive officer now owns 218,218 shares in the company, 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. 0.47% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Alembic Global Advisors upgraded BWX Technologies from a "neutral" rating to an "overweight" rating and set a $148.00 price objective for the company in a research report on Tuesday, November 12th. 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. Truist Financial upped 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. Barclays boosted their target price on shares of BWX Technologies from $90.00 to $105.00 and gave the company an "underweight" rating in a research note on Monday, December 16th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of BWX Technologies from $129.00 to $130.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $127.50.

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.