BWX Technologies, Inc. (NYSE:BWXT) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System decreased its holdings in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 1.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 328,591 shares of the technology company's stock after selling 4,209 shares during the period. California Public Employees Retirement System owned 0.36% of BWX Technologies worth $36,602,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in BWX Technologies by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 9,211,924 shares of the technology company's stock valued at $1,026,116,000 after acquiring an additional 202,917 shares during the last quarter. Geode Capital Management LLC grew its holdings in BWX Technologies by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,682,563 shares of the technology company's stock valued at $182,938,000 after purchasing an additional 26,130 shares during the last quarter. Van ECK Associates Corp raised its position in BWX Technologies by 46.7% in the 4th quarter. Van ECK Associates Corp now owns 1,408,736 shares of the technology company's stock worth $156,919,000 after purchasing an additional 448,467 shares during the period. Bank of New York Mellon Corp lifted its stake in BWX Technologies by 19.8% in the fourth quarter. Bank of New York Mellon Corp now owns 1,379,779 shares of the technology company's stock worth $153,694,000 after purchasing an additional 228,413 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in shares of BWX Technologies by 3.0% during the fourth quarter. American Century Companies Inc. now owns 765,527 shares of the technology company's stock valued at $85,272,000 after buying an additional 22,064 shares during the period. Hedge funds and other institutional investors own 94.39% of the company's stock.

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BWX Technologies Trading Up 0.7 %

NYSE:BWXT traded up $0.60 during trading hours on Monday, reaching $89.84. 1,484,395 shares of the stock were exchanged, compared to its average volume of 770,922. BWX Technologies, Inc. has a twelve month low of $84.21 and a twelve month high of $136.31. The business has a 50-day moving average of $103.86 and a two-hundred day moving average of $114.44. The company has a market capitalization of $8.21 billion, a price-to-earnings ratio of 29.75, a PEG ratio of 3.20 and a beta of 0.67. 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 (NYSE:BWXT - Get Free Report) last announced its quarterly earnings data on Monday, February 24th. The technology company reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $653.16 million. On average, equities analysts predict that BWX Technologies, Inc. will post 3.23 EPS 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 issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, March 11th. This represents a $1.00 dividend on an annualized basis and a yield of 1.11%. This is a boost from BWX Technologies's previous quarterly dividend of $0.24. BWX Technologies's dividend payout ratio (DPR) is presently 32.57%.

Insider Transactions at BWX Technologies

In other BWX Technologies news, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of BWX Technologies stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $104.92, for a total transaction of $209,840.00. Following the transaction, the senior vice president now owns 9,904 shares of the company's stock, valued at $1,039,127.68. The trade was a 16.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Robert L. Duffy sold 6,000 shares of BWX Technologies 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. The trade was a 65.17 % 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 insiders.

Analyst Ratings Changes

BWXT has been the topic of a number of research analyst reports. Maxim Group upped their price target on shares of BWX Technologies from $138.00 to $140.00 and gave the stock a "buy" rating in a report on Friday, January 10th. Seaport Res Ptn raised shares of BWX Technologies to a "strong-buy" rating in a research report on Tuesday, April 1st. Barclays boosted their price target on BWX Technologies from $90.00 to $105.00 and gave the company an "underweight" rating in a report on Monday, December 16th. Truist Financial raised their price objective on BWX Technologies from $106.00 to $114.00 and gave the stock a "hold" rating in a report on Tuesday, January 14th. Finally, Bank of America lowered their target price on BWX Technologies from $160.00 to $135.00 and set a "buy" rating for the company in a report on Wednesday, March 26th. One analyst has rated the stock with a sell rating, two have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $124.38.

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.