Bank Julius Baer & Co. Ltd Zurich Has $20.57 Million Stock Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Bank Julius Baer & Co. Ltd Zurich trimmed its position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 2.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 176,856 shares of the technology company's stock after selling 5,085 shares during the period. Bank Julius Baer & Co. Ltd Zurich owned 0.19% of BWX Technologies worth $20,568,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Stone House Investment Management LLC grew its stake in BWX Technologies by 76.2% during the 3rd 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 during the last quarter. Quarry LP lifted its position in 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 purchasing an additional 131 shares during the period. Retirement Wealth Solutions LLC acquired a new stake in shares of BWX Technologies in the fourth quarter valued at $30,000. HHM Wealth Advisors LLC boosted its position 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. Finally, Principal Securities Inc. boosted its holdings in BWX Technologies by 40.4% during the fourth quarter. Principal Securities Inc. now owns 316 shares of the technology company's stock worth $35,000 after buying an additional 91 shares in the last quarter. 94.39% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of research firms have commented on BWXT. 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 research note on Tuesday, January 14th. Barclays upped their price target 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. Maxim Group raised their price objective 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 price target for the company in a report on Tuesday, November 12th. Finally, Bank of America raised their price target on BWX Technologies from $115.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday, November 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, BWX Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $127.50.

Insider Activity at BWX Technologies

In other BWX Technologies news, CEO Rex D. Geveden sold 45,625 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $107.40, for a total transaction of $4,900,125.00. Following the completion of 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the 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 position. The disclosure for this sale can be found here. Insiders have sold 53,625 shares of company stock worth $5,734,145 over the last three months. Company insiders own 0.47% of the company's stock.

BWX Technologies Stock Performance

Shares of NYSE BWXT traded up $1.38 during trading hours on Wednesday, hitting $98.28. 961,829 shares of the company's stock were exchanged, compared to its average volume of 976,549. The company's 50-day moving average price is $111.19 and its 200-day moving average price is $114.44. BWX Technologies, Inc. has a 1-year low of $86.70 and a 1-year high of $136.31. The stock has a market capitalization of $8.99 billion, a price-to-earnings ratio of 32.54, 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.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its quarterly earnings results on Monday, February 24th. The technology company reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.80 by $0.12. The company had revenue of $746.27 million during the quarter, compared to analyst estimates of $653.16 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. On average, sell-side analysts expect that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Tuesday, March 11th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.02%. This is a positive change from BWX Technologies's previous quarterly dividend of $0.24. The ex-dividend date is Tuesday, March 11th. BWX Technologies's dividend payout ratio (DPR) is currently 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.