Thrivent Financial for Lutherans Reduces Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Thrivent Financial for Lutherans lowered its stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 2.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 726,992 shares of the technology company's stock after selling 19,153 shares during the period. Thrivent Financial for Lutherans owned approximately 0.80% of BWX Technologies worth $80,980,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stone House Investment Management LLC grew its position in BWX Technologies by 76.2% in the third quarter. Stone House Investment Management LLC now owns 229 shares of the technology company's stock worth $25,000 after acquiring an additional 99 shares in the last quarter. Retirement Wealth Solutions LLC bought a new stake in shares of BWX Technologies during the fourth quarter valued at approximately $30,000. Quarry LP raised its stake 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 buying an additional 131 shares in the last quarter. HHM Wealth Advisors LLC raised its stake 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 buying an additional 90 shares in the last quarter. Finally, Principal Securities Inc. raised its stake in BWX Technologies by 40.4% in 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. Hedge funds and other institutional investors own 94.39% of the company's stock.

Remove Ads

Insider Buying and Selling at BWX Technologies

In other BWX Technologies news, CEO Rex D. Geveden sold 45,625 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $107.40, for a total value of $4,900,125.00. Following the completion of the sale, the chief executive officer now owns 218,218 shares in the company, valued at approximately $23,436,613.20. This represents a 17.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the 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 sale, the senior vice president now 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 disclosure for this sale can be found here. In the last quarter, insiders sold 53,625 shares of company stock worth $5,734,145. Insiders own 0.47% of the company's stock.

BWX Technologies Price Performance

Shares of BWXT stock traded down $1.12 during mid-day trading on Friday, hitting $99.27. 3,416,676 shares of the stock were exchanged, compared to its average volume of 732,135. The firm has a fifty day moving average of $108.89 and a 200 day moving average of $114.21. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15. BWX Technologies, Inc. has a 52-week low of $86.70 and a 52-week high of $136.31. The company has a market cap of $9.07 billion, a PE ratio of 32.87, 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 quarterly earnings results on Monday, February 24th. The technology company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.12. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The firm had revenue of $746.27 million during the quarter, compared to the consensus estimate of $653.16 million. Research analysts anticipate that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Tuesday, March 11th will be issued a $0.25 dividend. This is an increase from BWX Technologies's previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.00 dividend on an annualized basis and a yield of 1.01%. BWX Technologies's dividend payout ratio is presently 32.57%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BWXT. Maxim Group upped their price target on BWX Technologies from $138.00 to $140.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Truist Financial boosted their price objective on shares of BWX Technologies from $106.00 to $114.00 and gave the company a "hold" rating in a report on Tuesday, January 14th. Finally, Barclays boosted 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, BWX Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $127.50.

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.