Commonwealth Equity Services LLC Raises Position in BWX Technologies, Inc. (NYSE:BWXT)

Commonwealth Equity Services LLC lifted its holdings in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 32.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,626 shares of the technology company's stock after acquiring an additional 4,766 shares during the period. Commonwealth Equity Services LLC's holdings in BWX Technologies were worth $2,186,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Commerce Bank bought a new stake in BWX Technologies in the third quarter worth $235,000. Citigroup Inc. lifted its holdings in shares of BWX Technologies by 40.4% in the 3rd quarter. Citigroup Inc. now owns 108,637 shares of the technology company's stock worth $11,809,000 after acquiring an additional 31,246 shares during the last quarter. Cerity Partners LLC boosted its stake in shares of BWX Technologies by 69.2% during the 3rd quarter. Cerity Partners LLC now owns 21,703 shares of the technology company's stock worth $2,359,000 after purchasing an additional 8,876 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in BWX Technologies during the 3rd quarter valued at about $1,032,000. Finally, Hancock Whitney Corp raised its position in BWX Technologies by 5.8% in the 3rd quarter. Hancock Whitney Corp now owns 2,434 shares of the technology company's stock worth $265,000 after purchasing an additional 133 shares during the period. Hedge funds and other institutional investors own 94.39% of the company's stock.

BWX Technologies Stock Down 0.6 %

Shares of BWXT traded down $0.57 during midday trading on Monday, reaching $98.65. 889,091 shares of the stock were exchanged, compared to its average volume of 760,382. The company has a market capitalization of $9.02 billion, a P/E ratio of 32.66, a PEG ratio of 3.20 and a beta of 0.69. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. BWX Technologies, Inc. has a 52 week low of $86.70 and a 52 week high of $136.31. The company's 50 day moving average is $106.77 and its two-hundred day moving average is $114.54.

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

BWX Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors 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. The ex-dividend date was Tuesday, March 11th. This represents a $1.00 dividend on an annualized basis and a yield of 1.01%. BWX Technologies's payout ratio is 32.57%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on BWXT shares. Truist Financial boosted their target price on BWX Technologies from $106.00 to $114.00 and gave the company a "hold" rating in a research report on Tuesday, January 14th. Barclays boosted their price objective on BWX Technologies from $90.00 to $105.00 and gave the company an "underweight" rating in a report on Monday, December 16th. Maxim Group increased their target price on BWX Technologies from $138.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. Finally, Bank of America lowered their target price on shares of BWX Technologies from $160.00 to $135.00 and set a "buy" rating for the company in a research note on Wednesday, March 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $124.38.

Insiders Place Their Bets

In other news, SVP Robert L. Duffy sold 6,000 shares of the business'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 of the company's stock, valued at approximately $333,520.18. The trade was a 65.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the firm's stock in a transaction dated Thursday, February 27th. The shares were 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 in the company, valued at approximately $1,039,127.68. The trade was a 16.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 53,625 shares of company stock worth $5,734,145 over the last 90 days. Company insiders own 0.47% of the company's stock.

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.