Loomis Sayles & Co. L P Sells 41,823 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Loomis Sayles & Co. L P decreased its stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 12.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 299,103 shares of the technology company's stock after selling 41,823 shares during the period. Loomis Sayles & Co. L P owned about 0.33% of BWX Technologies worth $33,317,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in BWXT. NEOS Investment Management LLC bought a new position in BWX Technologies in the fourth quarter worth about $388,000. JPMorgan Chase & Co. boosted its holdings in shares of BWX Technologies by 6.8% in the fourth quarter. JPMorgan Chase & Co. now owns 290,653 shares of the technology company's stock valued at $32,376,000 after acquiring an additional 18,382 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of BWX Technologies by 7.0% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 13,309 shares of the technology company's stock valued at $1,511,000 after acquiring an additional 874 shares during the period. Princeton Capital Management LLC bought a new stake in shares of BWX Technologies in the 4th quarter worth $805,000. Finally, Minneapolis Portfolio Management Group LLC raised its position in BWX Technologies by 1.0% in the fourth quarter. Minneapolis Portfolio Management Group LLC now owns 176,100 shares of the technology company's stock worth $19,616,000 after acquiring an additional 1,714 shares in the last quarter. Institutional investors and hedge funds own 94.39% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Truist Financial raised their target price on shares of BWX Technologies from $106.00 to $114.00 and gave the stock a "hold" rating in a report on Tuesday, January 14th. Maxim Group raised their target price on BWX Technologies from $138.00 to $140.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Barclays increased their price target on shares of BWX Technologies from $90.00 to $105.00 and gave the stock an "underweight" rating in a research report on Monday, December 16th. Finally, Bank of America lowered their price objective on shares of BWX Technologies from $160.00 to $135.00 and set a "buy" rating on the stock in a research report on Wednesday, March 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, BWX Technologies has an average rating of "Moderate Buy" and a consensus price target of $124.38.

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Insiders Place Their Bets

In other news, SVP Robert L. Duffy sold 6,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the senior vice president now directly owns 3,206 shares of the company's stock, valued at approximately $333,520.18. This represents a 65.17 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of BWX Technologies stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $104.92, for a total value of $209,840.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 53,625 shares of company stock worth $5,734,145. 0.47% of the stock is currently owned by company insiders.

BWX Technologies Stock Performance

Shares of BWX Technologies stock traded up $1.87 on Tuesday, reaching $100.52. The stock had a trading volume of 118,252 shares, compared to its average volume of 757,995. 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 fifty-two week low of $86.70 and a fifty-two week high of $136.31. The business's 50-day moving average price is $106.77 and its two-hundred day moving average price is $114.54. The stock has a market cap of $9.19 billion, a P/E ratio of 33.24, a price-to-earnings-growth ratio of 3.20 and a beta of 0.69.

BWX Technologies (NYSE:BWXT - Get Free Report) last released its earnings results on Monday, February 24th. The technology company reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.12. The firm had revenue of $746.27 million for 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 forecast that BWX Technologies, Inc. will post 3.23 EPS for the current 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 issued a $0.25 dividend. This is a boost from BWX Technologies's previous quarterly dividend of $0.24. The ex-dividend date was Tuesday, March 11th. This represents a $1.00 annualized dividend and a yield of 0.99%. 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.