Barclays PLC Boosts Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Barclays PLC raised its stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 233.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 214,973 shares of the technology company's stock after acquiring an additional 150,448 shares during the period. Barclays PLC owned approximately 0.24% of BWX Technologies worth $23,947,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in shares of BWX Technologies during the fourth quarter valued at approximately $69,730,000. Stephens Investment Management Group LLC purchased a new position in shares of BWX Technologies in the fourth quarter worth $50,054,000. Van ECK Associates Corp lifted its holdings in shares of BWX Technologies by 46.7% during the fourth quarter. Van ECK Associates Corp now owns 1,408,736 shares of the technology company's stock valued at $156,919,000 after purchasing an additional 448,467 shares in the last quarter. Blair William & Co. IL boosted its position in shares of BWX Technologies by 949.0% during the fourth quarter. Blair William & Co. IL now owns 424,821 shares of the technology company's stock valued at $47,321,000 after buying an additional 384,323 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in BWX Technologies by 137.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 471,260 shares of the technology company's stock worth $52,494,000 after buying an additional 273,030 shares in the last quarter. Institutional investors own 94.39% of the company's stock.

BWX Technologies Price Performance

Shares of BWXT traded up $3.27 during mid-day trading on Thursday, reaching $107.91. The stock had a trading volume of 497,973 shares, compared to its average volume of 784,810. 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, Inc. has a 12 month low of $84.21 and a 12 month high of $136.31. The business has a fifty day moving average of $101.03 and a 200 day moving average of $113.60. The firm has a market cap of $9.86 billion, a price-to-earnings ratio of 35.73, a PEG ratio of 3.20 and a beta of 0.67.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.12. The company had revenue of $746.27 million for the quarter, compared to the consensus estimate of $653.16 million. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. Equities analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Tuesday, March 11th were paid a $0.25 dividend. This is a boost from BWX Technologies's previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend was Tuesday, March 11th. BWX Technologies's dividend payout ratio (DPR) is presently 32.57%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on BWXT shares. Bank of America lowered 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 note on Wednesday, March 26th. Maxim Group lifted their target price on shares of BWX Technologies from $138.00 to $140.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Seaport Res Ptn upgraded BWX Technologies to a "strong-buy" rating in a research note on Tuesday, April 1st. Finally, Truist Financial lifted their price objective on BWX Technologies from $106.00 to $114.00 and gave the stock a "hold" rating in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $124.38.

Insider Transactions at BWX Technologies

In other news, CEO Rex D. Geveden sold 45,625 shares of the company'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 transaction of $4,900,125.00. Following the transaction, the chief executive officer now owns 218,218 shares of the company's stock, valued at approximately $23,436,613.20. This represents a 17.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Robert L. Duffy sold 6,000 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $104.03, for a total value of $624,180.00. Following the transaction, the senior vice president now owns 3,206 shares of the company's stock, valued at approximately $333,520.18. The trade was a 65.17 % 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 in the last three months. 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.