Mawer Investment Management Ltd. Decreases Stake in BWX Technologies, Inc. (NYSE:BWXT)

Mawer Investment Management Ltd. cut its position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 2.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 803,164 shares of the technology company's stock after selling 21,420 shares during the period. Mawer Investment Management Ltd. owned approximately 0.88% of BWX Technologies worth $89,464,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of BWXT. HHM Wealth Advisors LLC boosted its holdings in 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 acquiring an additional 90 shares during the period. Principal Securities Inc. increased its stake 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 buying an additional 91 shares during the period. Louisiana State Employees Retirement System increased its stake in BWX Technologies by 0.4% during the 4th quarter. Louisiana State Employees Retirement System now owns 25,400 shares of the technology company's stock worth $2,829,000 after buying an additional 100 shares during the period. AdvisorNet Financial Inc lifted its holdings in BWX Technologies by 15.4% during the 4th quarter. AdvisorNet Financial Inc now owns 779 shares of the technology company's stock worth $87,000 after buying an additional 104 shares in the last quarter. Finally, V Square Quantitative Management LLC boosted its position in BWX Technologies by 40.5% in the 4th quarter. V Square Quantitative Management LLC now owns 406 shares of the technology company's stock valued at $45,000 after buying an additional 117 shares during the period. 94.39% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several research firms recently commented on BWXT. Barclays boosted their target price on BWX Technologies from $90.00 to $105.00 and gave the stock an "underweight" rating in a research note on Monday, December 16th. Maxim Group lifted their price target 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. Truist Financial increased their price objective on shares of BWX Technologies from $106.00 to $114.00 and gave the company a "hold" rating in a research report on Tuesday, January 14th. Bank of America decreased their price objective 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. Finally, Seaport Res Ptn upgraded BWX Technologies to a "strong-buy" rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, BWX Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $124.38.

Insiders Place Their Bets

In related 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 sale, the chief executive officer now directly owns 218,218 shares of the company's stock, valued at $23,436,613.20. This trade represents a 17.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Robert L. Duffy sold 6,000 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $104.03, for a total transaction of $624,180.00. Following the completion of the transaction, the senior vice president now directly owns 3,206 shares in the company, valued at $333,520.18. This represents a 65.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 53,625 shares of company stock valued at $5,734,145. 0.47% of the stock is owned by company insiders.

BWX Technologies Stock Performance

Shares of BWXT traded down $5.27 during mid-day trading on Thursday, reaching $96.63. 975,612 shares of the company's stock were exchanged, compared to its average volume of 762,166. The business's fifty day simple moving average is $105.73 and its 200-day simple moving average is $114.46. BWX Technologies, Inc. has a 52-week low of $86.70 and a 52-week high of $136.31. The stock has a market capitalization of $8.83 billion, a PE ratio of 32.00, a price-to-earnings-growth ratio of 3.20 and a beta of 0.67. 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 data on Monday, February 24th. The technology company reported $0.92 earnings per share (EPS) 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 company had revenue of $746.27 million for the quarter, compared to the consensus estimate of $653.16 million. On average, equities research analysts expect that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Tuesday, March 11th were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, March 11th. This is an increase from BWX Technologies's previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 1.03%. BWX Technologies's dividend payout ratio is currently 32.57%.

About BWX Technologies

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.