Alliancebernstein L.P. Sells 73,418 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Alliancebernstein L.P. decreased its stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 8.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 798,779 shares of the technology company's stock after selling 73,418 shares during the quarter. Alliancebernstein L.P. owned about 0.87% of BWX Technologies worth $88,976,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of BWXT. HHM Wealth Advisors LLC grew its holdings in BWX Technologies by 45.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company's stock worth $32,000 after purchasing an additional 90 shares during the period. Principal Securities Inc. boosted its position in shares of 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. Louisiana State Employees Retirement System grew its stake in shares of BWX Technologies by 0.4% in the 4th 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. AdvisorNet Financial Inc grew its stake in shares of BWX Technologies by 15.4% in the 4th quarter. AdvisorNet Financial Inc now owns 779 shares of the technology company's stock valued at $87,000 after buying an additional 104 shares during the period. Finally, V Square Quantitative Management LLC increased its position in BWX Technologies by 40.5% in the 4th quarter. V Square Quantitative Management LLC now owns 406 shares of the technology company's stock valued at $45,000 after buying an additional 117 shares in the last quarter. Institutional investors own 94.39% of the company's stock.

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BWX Technologies Stock Up 7.5 %

Shares of BWXT traded up $6.79 during trading hours on Tuesday, reaching $96.81. 759,053 shares of the stock traded hands, compared to its average volume of 1,012,233. BWX Technologies, Inc. has a 52 week low of $84.21 and a 52 week high of $136.31. The company has a market cap of $8.85 billion, a price-to-earnings ratio of 32.03, a PEG ratio of 3.20 and a beta of 0.67. The stock has a fifty day simple moving average of $103.86 and a 200 day simple moving average of $114.44. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its earnings results on Monday, February 24th. The technology company reported $0.92 EPS 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 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, equities analysts forecast 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 represents a $1.00 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend was Tuesday, March 11th. This is an increase from BWX Technologies's previous quarterly dividend of $0.24. BWX Technologies's dividend payout ratio is 32.57%.

Insider Transactions at BWX Technologies

In other news, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $104.92, for a total transaction of $209,840.00. Following the completion of the transaction, the senior vice president now directly owns 9,904 shares of the company's stock, valued at $1,039,127.68. This represents a 16.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Robert L. Duffy sold 6,000 shares of BWX Technologies stock in a transaction that occurred on 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 sale, the senior vice president now directly owns 3,206 shares in the company, valued at $333,520.18. This trade represents a 65.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 53,625 shares of company stock worth $5,734,145 in the last ninety days. Company insiders own 0.47% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on BWXT shares. Bank of America reduced their price objective on BWX Technologies from $160.00 to $135.00 and set a "buy" rating for the company in a research note on Wednesday, March 26th. Truist Financial lifted their price target 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. Maxim Group upped their price objective on shares of BWX Technologies from $138.00 to $140.00 and gave the stock a "buy" rating in a report on Friday, January 10th. Barclays lifted their price objective on shares of BWX Technologies from $90.00 to $105.00 and gave the company an "underweight" rating in a report on Monday, December 16th. Finally, Seaport Res Ptn upgraded shares of BWX Technologies to a "strong-buy" rating in a report on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, BWX Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $124.38.

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.