Teacher Retirement System of Texas Grows Stock Position in BWX Technologies, Inc. (NYSE:BWXT)

Teacher Retirement System of Texas grew its position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 51.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 33,245 shares of the technology company's stock after buying an additional 11,362 shares during the period. Teacher Retirement System of Texas' holdings in BWX Technologies were worth $3,703,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in BWX Technologies during the 4th quarter valued at $69,730,000. Stephens Investment Management Group LLC bought a new position in BWX Technologies during the 4th quarter valued at about $50,054,000. Van ECK Associates Corp grew its stake 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 worth $156,919,000 after acquiring an additional 448,467 shares during the period. FMR LLC lifted its position in BWX Technologies by 22.3% during 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 boosted its holdings in 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 worth $153,694,000 after purchasing an additional 228,413 shares during the last quarter. Institutional investors own 94.39% of the company's stock.

BWX Technologies Trading Up 0.7 %

Shares of BWX Technologies stock traded up $0.77 during trading on Tuesday, hitting $104.85. The stock had a trading volume of 592,739 shares, compared to its average volume of 733,104. BWX Technologies, Inc. has a 12 month low of $86.70 and a 12 month high of $136.31. The firm's fifty day simple moving average is $108.44 and its 200-day simple moving average is $114.43. The stock has a market cap of $9.58 billion, a PE ratio of 34.72, a PEG ratio of 3.20 and a beta of 0.69. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25.

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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 for the quarter, topping the consensus estimate of $0.80 by $0.12. The firm had revenue of $746.27 million for the quarter, compared to the consensus estimate of $653.16 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. As a group, sell-side analysts expect that BWX Technologies, Inc. will post 3.23 EPS 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. Shareholders of record on Tuesday, March 11th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This is a positive change from BWX Technologies's previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 0.95%. BWX Technologies's payout ratio is 32.57%.

Insider Transactions at BWX Technologies

In related news, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the firm's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $104.92, for a total transaction of $209,840.00. Following the sale, the senior vice president now owns 9,904 shares of the company's stock, valued at $1,039,127.68. This trade represents 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 this link. Also, SVP Robert L. Duffy sold 6,000 shares of the business's stock in a transaction dated Wednesday, March 5th. The stock was 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 of the company's stock, 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. In the last 90 days, insiders have sold 53,625 shares of company stock valued at $5,734,145. 0.47% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. 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 raised their price objective on shares of BWX Technologies from $90.00 to $105.00 and gave the stock an "underweight" rating in a report on Monday, December 16th. Finally, Maxim Group lifted 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $127.50.

BWX Technologies 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.