BWX Technologies, Inc. (NYSE:BWXT) SVP Sells $624,180.00 in Stock

BWX Technologies, Inc. (NYSE:BWXT - Get Free Report) SVP Robert L. Duffy sold 6,000 shares of BWX Technologies stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $104.03, for a total transaction of $624,180.00. Following the sale, the senior vice president now owns 3,206 shares in the company, valued at $333,520.18. This represents a 65.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

BWX Technologies Trading Down 3.0 %

BWXT stock traded down $3.02 during mid-day trading on Monday, reaching $96.54. The company's stock had a trading volume of 982,220 shares, compared to its average volume of 715,479. The company has a market cap of $8.83 billion, a price-to-earnings ratio of 31.97, a price-to-earnings-growth ratio of 3.20 and a beta of 0.69. BWX Technologies, Inc. has a 12 month low of $86.70 and a 12 month high of $136.31. The business's 50 day moving average price is $111.79 and its 200 day moving average price is $114.50. 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 quarterly earnings data on Monday, February 24th. The technology company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.80 by $0.12. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The firm had revenue of $746.27 million during the quarter, compared to the consensus estimate of $653.16 million. On average, equities research analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current year.

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BWX Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Tuesday, March 11th will be paid a $0.25 dividend. This is an increase from BWX Technologies's previous quarterly dividend of $0.24. The ex-dividend date is Tuesday, March 11th. This represents a $1.00 annualized dividend and a dividend yield of 1.04%. BWX Technologies's dividend payout ratio (DPR) is presently 32.57%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Maxim Group increased their target price on shares of 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 raised their price target on BWX Technologies from $106.00 to $114.00 and gave the stock a "hold" rating in a research report on Tuesday, January 14th. Barclays upped their target price on shares of BWX Technologies from $90.00 to $105.00 and gave the company an "underweight" rating in a research note on Monday, December 16th. Bank of America raised their price target on BWX Technologies from $115.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. Finally, Alembic Global Advisors raised shares of BWX Technologies from a "neutral" rating to an "overweight" rating and set a $148.00 target price for the company in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $127.50.

Institutional Trading of BWX Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of BWXT. Ameriflex Group Inc. purchased a new position in shares of BWX Technologies in the fourth quarter worth about $34,000. Vermillion Wealth Management Inc. purchased a new stake in shares of BWX Technologies in the 4th quarter worth approximately $40,000. Mackenzie Financial Corp purchased a new position in BWX Technologies during the fourth quarter valued at $387,000. 10Elms LLP purchased a new stake in shares of BWX Technologies in the fourth quarter worth $168,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of BWX Technologies by 1.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 319,455 shares of the technology company's stock valued at $35,584,000 after acquiring an additional 5,336 shares in the last quarter. Institutional investors own 94.39% of the company's stock.

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.