Bessemer Group Inc. Trims Stock Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Bessemer Group Inc. lowered its position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 7.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,021,961 shares of the technology company's stock after selling 84,977 shares during the quarter. Bessemer Group Inc. owned 1.12% of BWX Technologies worth $113,836,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Retirement Wealth Solutions LLC acquired a new stake in BWX Technologies in the 4th quarter valued at about $30,000. Quarry LP boosted its stake in shares of BWX Technologies by 93.6% during the 3rd quarter. Quarry LP now owns 271 shares of the technology company's stock worth $29,000 after acquiring an additional 131 shares during the period. HHM Wealth Advisors LLC boosted its position in BWX Technologies by 45.0% during 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. raised its holdings in 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 acquiring an additional 91 shares during the period. Finally, V Square Quantitative Management LLC grew its position in shares of BWX Technologies by 40.5% in the fourth quarter. V Square Quantitative Management LLC now owns 406 shares of the technology company's stock valued at $45,000 after purchasing an additional 117 shares during the last quarter. 94.39% of the stock is owned by institutional investors.

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Insider Buying and Selling at BWX Technologies

In other BWX Technologies news, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $104.92, for a total transaction of $209,840.00. Following the completion of the sale, the senior vice president now directly owns 9,904 shares of the company's stock, valued at approximately $1,039,127.68. The trade was a 16.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Rex D. Geveden sold 45,625 shares of the company's 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 sale, the chief executive officer now 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 position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 53,625 shares of company stock valued at $5,734,145. 0.47% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BWXT. Barclays lifted their target price on BWX Technologies from $90.00 to $105.00 and gave the stock an "underweight" rating in a report on Monday, December 16th. Bank of America dropped their price target on shares of BWX Technologies from $160.00 to $135.00 and set a "buy" rating for the company in a research report on Wednesday, March 26th. Seaport Res Ptn upgraded BWX Technologies to a "strong-buy" rating in a research note on Tuesday, April 1st. Truist Financial increased their target price on BWX Technologies from $106.00 to $114.00 and gave the stock a "hold" rating in a report on Tuesday, January 14th. Finally, Maxim Group increased 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $124.38.

BWX Technologies Trading Up 1.0 %

Shares of BWX Technologies stock traded up $1.06 on Tuesday, hitting $104.93. The stock had a trading volume of 170,275 shares, compared to its average volume of 781,369. The stock has a 50 day moving average of $102.15 and a 200 day moving average of $114.11. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25. BWX Technologies, Inc. has a twelve month low of $84.21 and a twelve month high of $136.31. The firm has a market capitalization of $9.59 billion, a P/E ratio of 34.75, a PEG ratio of 3.20 and a beta of 0.67.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced 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 the consensus estimate of $653.16 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. 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 company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Tuesday, March 11th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.00 dividend on an annualized basis and a yield of 0.95%. This is a boost from BWX Technologies's previous quarterly dividend of $0.24. BWX Technologies's dividend payout ratio is 32.57%.

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.