Insider Selling: BWX Technologies, Inc. (NYSE:BWXT) CEO Sells 45,625 Shares of Stock

BWX Technologies, Inc. (NYSE:BWXT - Get Free Report) CEO Rex D. Geveden sold 45,625 shares of the 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 sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

BWX Technologies Stock Performance

NYSE BWXT traded up $1.34 during trading hours on Tuesday, reaching $102.84. The stock had a trading volume of 807,602 shares, compared to its average volume of 710,182. BWX Technologies, Inc. has a 52-week low of $86.70 and a 52-week high of $136.31. The stock has a fifty day moving average of $112.72 and a 200 day moving average of $114.45. 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 has a market cap of $9.41 billion, a P/E ratio of 34.02, a price-to-earnings-growth ratio of 3.20 and a beta of 0.73.

BWX Technologies (NYSE:BWXT - Get Free Report) last released its quarterly earnings data on Monday, February 24th. The technology company reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.80 by $0.12. The firm had revenue of $746.27 million for 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%. Sell-side analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

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BWX Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Tuesday, March 11th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Tuesday, March 11th. This is a boost from BWX Technologies's previous quarterly dividend of $0.24. BWX Technologies's payout ratio is 32.57%.

Institutional Trading of BWX Technologies

Hedge funds have recently modified their holdings of the stock. CIBC Asset Management Inc lifted its holdings in BWX Technologies by 3.4% in the third quarter. CIBC Asset Management Inc now owns 2,667 shares of the technology company's stock valued at $290,000 after acquiring an additional 87 shares during the period. HHM Wealth Advisors LLC increased its holdings 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 purchasing an additional 90 shares in the last quarter. Principal Securities Inc. lifted its stake in shares of BWX Technologies by 40.4% in the 4th quarter. Principal Securities Inc. now owns 316 shares of the technology company's stock valued at $35,000 after purchasing an additional 91 shares during the period. Stone House Investment Management LLC boosted its holdings in BWX Technologies by 76.2% during the third quarter. Stone House Investment Management LLC now owns 229 shares of the technology company's stock worth $25,000 after buying an additional 99 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its position in BWX Technologies by 0.4% during 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 buying an additional 100 shares during the period. Hedge funds and other institutional investors own 94.39% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on BWXT shares. StockNews.com lowered shares of BWX Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft boosted their target price on BWX Technologies from $129.00 to $130.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. Maxim Group upped their target price on BWX Technologies from $138.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, January 10th. Alembic Global Advisors raised BWX Technologies from a "neutral" rating to an "overweight" rating and set a $148.00 price target for the company in a report on Tuesday, November 12th. Finally, Truist Financial upped their price objective on shares of BWX Technologies from $106.00 to $114.00 and gave the company a "hold" rating in a report on Tuesday, January 14th. One 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. Based on data from MarketBeat, BWX Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $127.50.

About BWX Technologies

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.