CIBC Private Wealth Group LLC Sells 4,911 Shares of BWX Technologies, Inc. (NYSE:BWXT)

CIBC Private Wealth Group LLC decreased its stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 72.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,899 shares of the technology company's stock after selling 4,911 shares during the period. CIBC Private Wealth Group LLC's holdings in BWX Technologies were worth $217,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Benjamin Edwards Inc. increased its stake in shares of BWX Technologies by 101.0% in the 3rd quarter. Benjamin Edwards Inc. now owns 2,123 shares of the technology company's stock valued at $231,000 after buying an additional 1,067 shares during the period. Centiva Capital LP acquired a new stake in BWX Technologies in the third quarter worth about $508,000. Hilltop Holdings Inc. bought a new stake in BWX Technologies during the 3rd quarter worth about $243,000. HighTower Advisors LLC lifted its position in BWX Technologies by 10.1% during the 3rd quarter. HighTower Advisors LLC now owns 14,486 shares of the technology company's stock valued at $1,577,000 after purchasing an additional 1,329 shares during the period. Finally, Morse Asset Management Inc bought a new position in shares of BWX Technologies in the 3rd quarter valued at about $92,000. Institutional investors and hedge funds own 94.39% of the company's stock.

BWX Technologies Stock Up 2.4 %

BWXT stock traded up $2.46 during mid-day trading on Friday, hitting $103.48. 939,393 shares of the company were exchanged, compared to its average volume of 785,186. The firm has a market cap of $9.46 billion, a P/E ratio of 34.26, a P/E/G ratio of 3.20 and a beta of 0.67. BWX Technologies, Inc. has a 1-year low of $84.21 and a 1-year high of $136.31. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25. The firm's 50 day simple moving average is $102.33 and its 200 day simple moving average is $114.09.

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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, beating the consensus estimate of $0.80 by $0.12. The business had revenue of $746.27 million for the quarter, compared to analysts' expectations of $653.16 million. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. On average, sell-side analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors 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 0.97%. The ex-dividend date was Tuesday, March 11th. This is a positive change from BWX Technologies's previous quarterly dividend of $0.24. BWX Technologies's dividend payout ratio (DPR) is currently 32.57%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Maxim Group increased their price objective on shares of BWX Technologies from $138.00 to $140.00 and gave the company a "buy" rating in a report on Friday, January 10th. Seaport Res Ptn raised BWX Technologies to a "strong-buy" rating in a research note on Tuesday, April 1st. Bank of America decreased their price objective on BWX Technologies from $160.00 to $135.00 and set a "buy" rating for the company in a research note on Wednesday, March 26th. Truist Financial increased their target price on BWX Technologies from $106.00 to $114.00 and gave the company a "hold" rating in a research note on Tuesday, January 14th. Finally, Barclays boosted their target price on BWX Technologies from $90.00 to $105.00 and gave the stock an "underweight" rating in a research report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $124.38.

Insider Activity at BWX Technologies

In related news, SVP Robert L. Duffy sold 6,000 shares of the firm's stock in a transaction on Wednesday, March 5th. The shares were 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 owns 3,206 shares of the company's stock, valued at approximately $333,520.18. This trade represents a 65.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Rex D. Geveden sold 45,625 shares of BWX Technologies 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 sale, the chief executive officer now owns 218,218 shares in the company, valued at $23,436,613.20. The trade was a 17.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 53,625 shares of company stock valued at $5,734,145. 0.47% of the stock is owned by insiders.

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.