CANADA LIFE ASSURANCE Co Sells 100,540 Shares of BWX Technologies, Inc. (NYSE:BWXT)

CANADA LIFE ASSURANCE Co lessened its holdings in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 32.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 205,866 shares of the technology company's stock after selling 100,540 shares during the quarter. CANADA LIFE ASSURANCE Co owned 0.23% of BWX Technologies worth $22,905,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Retirement Wealth Solutions LLC bought a new position in BWX Technologies in the fourth quarter valued at about $30,000. HHM Wealth Advisors LLC grew its holdings in shares of 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 purchasing an additional 90 shares during the last quarter. Principal Securities Inc. grew its holdings in shares of BWX Technologies by 40.4% during the 4th quarter. Principal Securities Inc. now owns 316 shares of the technology company's stock valued at $35,000 after purchasing an additional 91 shares during the last quarter. V Square Quantitative Management LLC increased its position in BWX Technologies by 40.5% during the 4th quarter. V Square Quantitative Management LLC now owns 406 shares of the technology company's stock worth $45,000 after purchasing an additional 117 shares in the last quarter. Finally, UMB Bank n.a. lifted its stake in BWX Technologies by 97.3% in the 4th quarter. UMB Bank n.a. now owns 507 shares of the technology company's stock valued at $56,000 after purchasing an additional 250 shares during the last quarter. Institutional investors own 94.39% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on BWXT shares. Truist Financial increased their price target on BWX Technologies from $106.00 to $114.00 and gave the company a "hold" rating in a research note on Tuesday, January 14th. Bank of America dropped their target price on BWX Technologies from $160.00 to $135.00 and set a "buy" rating for the company in a research report on Wednesday, March 26th. Seaport Res Ptn raised BWX Technologies to a "strong-buy" rating in a research note on Tuesday, April 1st. Finally, Maxim Group upped their price target on shares of BWX Technologies from $138.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, BWX Technologies has an average rating of "Moderate Buy" and a consensus price target of $124.38.

BWX Technologies Trading Up 2.2 %

BWXT traded up $2.28 during trading on Wednesday, reaching $104.59. 737,625 shares of the stock traded hands, compared to its average volume of 784,590. The stock's 50-day moving average is $101.03 and its 200 day moving average is $113.60. BWX Technologies, Inc. has a 12 month low of $84.21 and a 12 month high of $136.31. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $9.56 billion, a PE ratio of 34.63, a P/E/G ratio of 3.20 and a beta of 0.67.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its quarterly earnings results on Monday, February 24th. The technology company reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.80 by $0.12. The firm had revenue of $746.27 million for the quarter, compared to analysts' expectations of $653.16 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. Equities analysts anticipate that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Tuesday, March 11th were paid a $0.25 dividend. 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 0.96%. The ex-dividend date of this dividend was Tuesday, March 11th. BWX Technologies's payout ratio is 32.57%.

Insider Transactions at BWX Technologies

In related news, SVP Robert L. Duffy sold 6,000 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $104.03, for a total value of $624,180.00. Following the transaction, the senior vice president now owns 3,206 shares of the company's stock, valued at approximately $333,520.18. This trade represents a 65.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $104.92, for a total value of $209,840.00. Following the sale, the senior vice president now directly owns 9,904 shares of the company's stock, valued at $1,039,127.68. This represents a 16.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 53,625 shares of company stock valued at $5,734,145 in the last 90 days. 0.47% of the stock is currently owned by corporate insiders.

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.