Boston Partners Lowers Stock Position in BWX Technologies, Inc. (NYSE:BWXT)

Boston Partners lowered its position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 16.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 966,141 shares of the technology company's stock after selling 191,477 shares during the quarter. Boston Partners owned about 1.06% of BWX Technologies worth $107,657,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of BWXT. Raymond James Financial Inc. purchased a new stake in shares of BWX Technologies in the fourth quarter valued at about $69,730,000. Stephens Investment Management Group LLC purchased a new stake in shares of BWX Technologies in the fourth quarter valued at about $50,054,000. Van ECK Associates Corp grew its holdings in shares of BWX Technologies by 46.7% in 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 during the period. FMR LLC grew its holdings in shares of BWX Technologies by 22.3% in the third quarter. FMR LLC now owns 1,754,567 shares of the technology company's stock valued at $190,721,000 after purchasing an additional 320,217 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of BWX Technologies by 19.8% in the fourth quarter. Bank of New York Mellon Corp now owns 1,379,779 shares of the technology company's stock valued at $153,694,000 after purchasing an additional 228,413 shares during the period. Hedge funds and other institutional investors own 94.39% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BWXT. Maxim Group upped their price objective on shares of BWX Technologies from $138.00 to $140.00 and gave the company a "buy" rating in a report on Friday, January 10th. Barclays upped their target price on shares of BWX Technologies from $90.00 to $105.00 and gave the company an "underweight" rating in a research report on Monday, December 16th. Finally, Truist Financial upped their target price on shares of BWX Technologies from $106.00 to $114.00 and gave the company a "hold" rating in a research report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, BWX Technologies has an average rating of "Moderate Buy" and an average target price of $127.50.

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Insider Activity at BWX Technologies

In other BWX Technologies news, CEO Rex D. Geveden sold 45,625 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 218,218 shares in the company, valued at $23,436,613.20. This represents a 17.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Robert L. Duffy sold 6,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $104.03, for a total transaction of $624,180.00. Following the completion of the transaction, the senior vice president now owns 3,206 shares in the company, valued at $333,520.18. This represents a 65.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 53,625 shares of company stock valued at $5,734,145 over the last 90 days. 0.47% of the stock is owned by corporate insiders.

BWX Technologies Stock Down 1.1 %

Shares of BWXT traded down $1.12 during mid-day trading on Friday, hitting $99.27. 3,416,676 shares of the company's stock were exchanged, compared to its average volume of 732,135. The company has a market cap of $9.07 billion, a price-to-earnings ratio of 32.87, a P/E/G ratio of 3.20 and a beta of 0.69. BWX Technologies, Inc. has a fifty-two week low of $86.70 and a fifty-two week high of $136.31. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25. The stock's 50-day moving average is $108.89 and its 200-day moving average is $114.21.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its quarterly earnings results on Monday, February 24th. The technology company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.12. The business had revenue of $746.27 million for the quarter, compared to analysts' expectations of $653.16 million. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. On average, 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 company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Tuesday, March 11th will be issued a $0.25 dividend. This is a boost from BWX Technologies's previous quarterly dividend of $0.24. The ex-dividend date is Tuesday, March 11th. This represents a $1.00 annualized dividend and a yield of 1.01%. BWX Technologies's dividend payout ratio (DPR) is 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.