Illinois Municipal Retirement Fund Has $1.56 Million Position in BWX Technologies, Inc. (NYSE:BWXT)

Illinois Municipal Retirement Fund trimmed its position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 21.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,020 shares of the technology company's stock after selling 3,941 shares during the quarter. Illinois Municipal Retirement Fund's holdings in BWX Technologies were worth $1,562,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of BWXT. Stone House Investment Management LLC lifted its stake in BWX Technologies by 76.2% in the 3rd quarter. Stone House Investment Management LLC now owns 229 shares of the technology company's stock valued at $25,000 after buying an additional 99 shares in the last quarter. Quarry LP raised its holdings in shares of BWX Technologies by 93.6% in the third quarter. Quarry LP now owns 271 shares of the technology company's stock worth $29,000 after acquiring an additional 131 shares during the last quarter. Retirement Wealth Solutions LLC purchased a new stake in shares of BWX Technologies in the fourth quarter valued at $30,000. HHM Wealth Advisors LLC boosted its stake in shares of BWX Technologies by 45.0% during the fourth 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 during the last quarter. Finally, Principal Securities Inc. increased its position in BWX Technologies by 40.4% during the 4th quarter. Principal Securities Inc. now owns 316 shares of the technology company's stock worth $35,000 after purchasing an additional 91 shares in the last quarter. Institutional investors and hedge funds own 94.39% of the company's stock.

Remove Ads

BWX Technologies Stock Up 2.7 %

BWX Technologies stock traded up $2.73 during midday trading on Wednesday, hitting $103.98. 865,216 shares of the company were exchanged, compared to its average volume of 712,649. The company has a market cap of $9.51 billion, a PE ratio of 34.43, a price-to-earnings-growth ratio of 3.20 and a beta of 0.73. The company's fifty day moving average price is $112.49 and its 200-day moving average price is $114.47. 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 current ratio of 2.25 and a quick ratio of 2.25.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its quarterly earnings data 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. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The company had revenue of $746.27 million for the quarter, compared to the consensus estimate of $653.16 million. On average, research analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Tuesday, March 11th will be paid a dividend of $0.25 per share. This is a positive change 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 0.96%. BWX Technologies's payout ratio is presently 32.57%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Maxim Group raised their price target on shares of BWX Technologies from $138.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. Alembic Global Advisors upgraded shares of BWX Technologies from a "neutral" rating to an "overweight" rating and set a $148.00 target price on the stock in a research report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft boosted their price target on BWX Technologies from $129.00 to $130.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. Barclays raised their price objective on BWX Technologies from $90.00 to $105.00 and gave the stock an "underweight" rating in a report on Monday, December 16th. Finally, Bank of America upped their target price on BWX Technologies from $115.00 to $160.00 and gave the company a "buy" rating in a research note on Thursday, November 14th. One equities 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $127.50.

Insider Activity at BWX Technologies

In related news, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of BWX Technologies stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $104.92, for a total transaction of $209,840.00. Following the sale, the senior vice president now directly owns 9,904 shares in the company, valued at $1,039,127.68. The trade was a 16.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rex D. Geveden sold 45,625 shares of the firm's stock in a transaction that occurred 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. This represents a 17.29 % decrease in their position. The disclosure for this sale can be found here. 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.