Clearbridge Investments LLC Acquires 12,196 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Clearbridge Investments LLC boosted its stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 1.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 899,013 shares of the technology company's stock after acquiring an additional 12,196 shares during the period. Clearbridge Investments LLC owned 0.98% of BWX Technologies worth $100,141,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. HHM Wealth Advisors LLC lifted 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 worth $32,000 after acquiring an additional 90 shares during the period. Principal Securities Inc. raised its position in BWX Technologies by 40.4% during the fourth quarter. Principal Securities Inc. now owns 316 shares of the technology company's stock valued at $35,000 after purchasing an additional 91 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in BWX Technologies by 0.4% during the fourth quarter. Louisiana State Employees Retirement System now owns 25,400 shares of the technology company's stock worth $2,829,000 after purchasing an additional 100 shares during the last quarter. AdvisorNet Financial Inc boosted its holdings in shares of BWX Technologies by 15.4% in the 4th quarter. AdvisorNet Financial Inc now owns 779 shares of the technology company's stock valued at $87,000 after purchasing an additional 104 shares in the last quarter. Finally, V Square Quantitative Management LLC increased its stake in shares of BWX Technologies by 40.5% in the 4th quarter. V Square Quantitative Management LLC now owns 406 shares of the technology company's stock valued at $45,000 after purchasing an additional 117 shares during the last quarter. 94.39% of the stock is owned by institutional investors and hedge funds.

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BWX Technologies Trading Down 6.6 %

Shares of BWX Technologies stock traded down $6.28 during trading on Friday, hitting $89.14. The company's stock had a trading volume of 1,166,373 shares, compared to its average volume of 767,988. The stock has a market cap of $8.15 billion, a price-to-earnings ratio of 29.52, a price-to-earnings-growth ratio of 3.20 and a beta of 0.67. BWX Technologies, Inc. has a 52 week low of $86.70 and a 52 week high of $136.31. The stock has a 50-day moving average price of $104.30 and a two-hundred day moving average price of $114.38. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its quarterly earnings results on Monday, February 24th. The technology company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.12. The company had revenue of $746.27 million during 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 research analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Tuesday, March 11th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.12%. This is an increase from BWX Technologies's previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Tuesday, March 11th. BWX Technologies's payout ratio is currently 32.57%.

Insider Activity at BWX Technologies

In related news, CEO Rex D. Geveden sold 45,625 shares of the 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 transaction, the chief executive officer now directly owns 218,218 shares of the company's stock, valued at $23,436,613.20. This represents a 17.29 % decrease in their ownership of the stock. 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 BWX Technologies 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 directly owns 9,904 shares of the company's stock, valued at approximately $1,039,127.68. This trade represents a 16.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 53,625 shares of company stock worth $5,734,145 in the last 90 days. Corporate insiders own 0.47% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on BWXT shares. Seaport Res Ptn upgraded BWX Technologies to a "strong-buy" rating in a research report on Tuesday. 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. Truist Financial lifted their price target on shares of BWX Technologies from $106.00 to $114.00 and gave the company a "hold" rating in a report on Tuesday, January 14th. 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 research note on Friday, January 10th. Finally, Barclays boosted their target price on shares of BWX Technologies from $90.00 to $105.00 and gave the stock an "underweight" rating in a research note on Monday, December 16th. 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's stock. Based on data from MarketBeat.com, the company 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.