Canada Pension Plan Investment Board Boosts Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Canada Pension Plan Investment Board increased its holdings in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 359.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 53,700 shares of the technology company's stock after purchasing an additional 42,000 shares during the period. Canada Pension Plan Investment Board owned approximately 0.06% of BWX Technologies worth $5,982,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in BWXT. Retirement Wealth Solutions LLC bought a new stake in BWX Technologies in the fourth quarter valued at approximately $30,000. HHM Wealth Advisors LLC raised 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 buying an additional 90 shares during the last quarter. Principal Securities Inc. boosted its position in 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 buying an additional 91 shares during the period. V Square Quantitative Management LLC increased its position in shares of BWX Technologies by 40.5% in the fourth quarter. V Square Quantitative Management LLC now owns 406 shares of the technology company's stock valued at $45,000 after acquiring an additional 117 shares during the period. Finally, UMB Bank n.a. boosted its holdings in shares of BWX Technologies by 97.3% during the fourth quarter. UMB Bank n.a. now owns 507 shares of the technology company's stock worth $56,000 after purchasing an additional 250 shares during the period. Institutional investors own 94.39% of the company's stock.

Insider Buying and Selling

In other news, SVP Robert L. Duffy sold 6,000 shares of the company's stock in a transaction that occurred 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 directly owns 3,206 shares of the company's stock, valued at $333,520.18. This represents a 65.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rex D. Geveden sold 45,625 shares of the firm's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $107.40, for a total transaction of $4,900,125.00. Following the completion of the transaction, the chief executive officer now directly owns 218,218 shares of the company's stock, valued at approximately $23,436,613.20. This trade represents a 17.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 53,625 shares of company stock worth $5,734,145. 0.47% of the stock is owned by insiders.

BWX Technologies Stock Performance

Shares of BWX Technologies stock traded up $1.06 during trading hours on Friday, reaching $108.99. 532,903 shares of the stock traded hands, compared to its average volume of 786,161. The company has a 50 day moving average price of $101.10 and a 200 day moving average price of $113.49. BWX Technologies, Inc. has a one year low of $84.21 and a one year 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 firm has a market capitalization of $9.96 billion, a price-to-earnings ratio of 36.09, 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 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. The firm had revenue of $746.27 million for the quarter, compared to the consensus estimate of $653.16 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. On average, equities research analysts expect that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Tuesday, March 11th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.92%. The ex-dividend date was Tuesday, March 11th. This is an increase from BWX Technologies's previous quarterly dividend of $0.24. BWX Technologies's payout ratio is 32.57%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BWXT. Maxim Group boosted their price target on BWX Technologies from $138.00 to $140.00 and gave the company a "buy" rating in a report on Friday, January 10th. Truist Financial upped their target price on BWX Technologies from $106.00 to $114.00 and gave the company a "hold" rating in a report on Tuesday, January 14th. Seaport Res Ptn upgraded shares of BWX Technologies to a "strong-buy" rating in a report on Tuesday, April 1st. Finally, Bank of America reduced their price objective on shares of BWX Technologies from $160.00 to $135.00 and set a "buy" rating on the stock in a research report on Wednesday, March 26th. One 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $124.38.

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.