Fmr LLC Sells 491,401 Shares of BWX Technologies, Inc. (NYSE:BWXT)

FMR LLC lessened its stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 28.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,263,166 shares of the technology company's stock after selling 491,401 shares during the quarter. FMR LLC owned about 1.38% of BWX Technologies worth $140,704,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Retirement Wealth Solutions LLC bought a new position in BWX Technologies in the 4th quarter valued at $30,000. HHM Wealth Advisors LLC increased its position 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. raised its holdings 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 during the last quarter. V Square Quantitative Management LLC lifted its position in BWX Technologies by 40.5% during the 4th 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 period. Finally, UMB Bank n.a. boosted its stake in shares of BWX Technologies by 97.3% in the 4th quarter. UMB Bank n.a. now owns 507 shares of the technology company's stock valued at $56,000 after purchasing an additional 250 shares during the last quarter. 94.39% of the stock is owned by institutional investors.

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BWX Technologies Stock Up 0.2 %

Shares of NYSE BWXT traded up $0.17 during midday trading on Tuesday, reaching $104.04. The company's stock had a trading volume of 489,933 shares, compared to its average volume of 783,074. BWX Technologies, Inc. has a fifty-two week low of $84.21 and a fifty-two week high of $136.31. The stock has a 50 day simple moving average of $101.97 and a 200-day simple moving average of $114.04. The stock has a market capitalization of $9.51 billion, a price-to-earnings ratio of 34.45, a PEG ratio of 3.20 and a beta of 0.67. 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 issued its earnings results on Monday, February 24th. The technology company reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.80 by $0.12. The business had revenue of $746.27 million for the quarter, compared to the consensus estimate of $653.16 million. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. Equities research analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Tuesday, March 11th were issued a dividend of $0.25 per share. The ex-dividend date was 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 dividend yield of 0.96%. BWX Technologies's payout ratio is presently 32.57%.

Insider Activity at BWX Technologies

In other BWX Technologies news, SVP Robert L. Duffy sold 6,000 shares of the company's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $104.03, for a total value of $624,180.00. Following the transaction, the senior vice president now directly owns 3,206 shares of the company's stock, valued at $333,520.18. This represents a 65.17 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the company's 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 completion of the transaction, the senior vice president now owns 9,904 shares in the company, valued at $1,039,127.68. This trade represents a 16.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 53,625 shares of company stock worth $5,734,145. Company insiders own 0.47% of the company's stock.

Analysts Set New Price Targets

BWXT has been the topic of several analyst reports. Maxim Group increased their price objective on shares of BWX Technologies from $138.00 to $140.00 and gave the company a "buy" rating in a report on Friday, January 10th. Seaport Res Ptn raised BWX Technologies to a "strong-buy" rating in a research note on Tuesday, April 1st. Truist Financial raised 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. Barclays increased 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. Finally, Bank of America lowered their target price on shares of BWX Technologies from $160.00 to $135.00 and set a "buy" rating for the company in a research note on Wednesday, March 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price 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.