Ceredex Value Advisors LLC Trims Position in BWX Technologies, Inc. (NYSE:BWXT)

Ceredex Value Advisors LLC lessened its position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 6.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 86,900 shares of the technology company's stock after selling 6,250 shares during the quarter. Ceredex Value Advisors LLC owned 0.10% of BWX Technologies worth $9,680,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in shares of BWX Technologies during the 4th quarter valued at about $69,730,000. Stephens Investment Management Group LLC bought a new stake in shares of BWX Technologies in the 4th quarter worth approximately $50,054,000. Van ECK Associates Corp boosted its stake in shares of 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 valued at $156,919,000 after purchasing an additional 448,467 shares in the last quarter. Blair William & Co. IL grew its holdings in shares of BWX Technologies by 949.0% during the 4th quarter. Blair William & Co. IL now owns 424,821 shares of the technology company's stock valued at $47,321,000 after purchasing an additional 384,323 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in BWX Technologies by 137.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 471,260 shares of the technology company's stock worth $52,494,000 after purchasing an additional 273,030 shares during the last quarter. Institutional investors own 94.39% of the company's stock.

Insider Activity

In other news, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the business's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $104.92, for a total transaction of $209,840.00. Following the completion of the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Robert L. Duffy sold 6,000 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $104.03, for a total value 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 approximately $333,520.18. This represents a 65.17 % 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 ninety days. 0.47% of the stock is currently owned by company insiders.

BWX Technologies Stock Up 1.0 %

Shares of BWXT traded up $1.01 on Tuesday, hitting $101.47. 95,461 shares of the stock traded hands, compared to its average volume of 1,017,084. BWX Technologies, Inc. has a one year low of $84.21 and a one year high of $136.31. The company has a market capitalization of $9.27 billion, a PE ratio of 33.60, a P/E/G ratio of 3.20 and a beta of 0.67. The business has a 50 day simple moving average of $101.21 and a 200 day simple moving average of $113.74. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25.

BWX Technologies (NYSE:BWXT - Get Free Report) last released its quarterly earnings data on Monday, February 24th. The technology company reported $0.92 EPS for the quarter, beating 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 company had revenue of $746.27 million for the quarter, compared to analysts' expectations of $653.16 million. As a group, equities analysts forecast 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. Shareholders of record on Tuesday, March 11th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.99%. 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%.

Wall Street Analysts Forecast Growth

BWXT has been the subject of a number of recent research reports. Maxim Group boosted their target price on BWX Technologies from $138.00 to $140.00 and gave the company a "buy" rating in a research note on Friday, January 10th. Truist Financial raised their price target on shares of BWX Technologies from $106.00 to $114.00 and gave the stock a "hold" rating in a report on Tuesday, January 14th. Bank of America dropped their target price on shares of BWX Technologies from $160.00 to $135.00 and set a "buy" rating for the company in a report on Wednesday, March 26th. Finally, Seaport Res Ptn upgraded BWX Technologies to a "strong-buy" rating in a report on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus 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.