Curi RMB Capital LLC Has $7.58 Million Stock Position in BWX Technologies, Inc. (NYSE:BWXT)

Curi RMB Capital LLC boosted its stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 16.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 68,005 shares of the technology company's stock after buying an additional 9,567 shares during the period. Curi RMB Capital LLC owned 0.07% of BWX Technologies worth $7,575,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Morse Asset Management Inc bought a new position in BWX Technologies during the third quarter valued at about $92,000. Barclays PLC grew its stake in shares of BWX Technologies by 59.8% in the 3rd quarter. Barclays PLC now owns 64,525 shares of the technology company's stock worth $7,014,000 after purchasing an additional 24,149 shares during the last quarter. Virtu Financial LLC acquired a new stake in BWX Technologies during the third quarter valued at approximately $529,000. Fulcrum Equity Management boosted its holdings in BWX Technologies by 4.0% during the third quarter. Fulcrum Equity Management now owns 3,337 shares of the technology company's stock worth $363,000 after buying an additional 127 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in BWX Technologies during the third quarter worth approximately $230,000. Institutional investors and hedge funds own 94.39% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on BWXT shares. Bank of America reduced their target price on BWX Technologies from $160.00 to $135.00 and set a "buy" rating for the company in a report on Wednesday, March 26th. Maxim Group raised their price objective on shares of BWX Technologies from $138.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. Truist Financial boosted their target price on shares of BWX Technologies from $106.00 to $114.00 and gave the company a "hold" rating in a research note on Tuesday, January 14th. Finally, Seaport Res Ptn upgraded BWX Technologies to a "strong-buy" rating in a report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $124.38.

BWX Technologies Stock Up 3.1 %

Shares of BWXT traded up $3.27 during mid-day trading on Thursday, hitting $107.91. 595,177 shares of the company's stock were exchanged, compared to its average volume of 1,015,563. The stock has a market cap of $9.86 billion, a price-to-earnings ratio of 35.73, a P/E/G ratio of 3.20 and a beta of 0.67. The firm has a fifty day moving average of $101.03 and a two-hundred day moving average of $113.60. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15. BWX Technologies, Inc. has a twelve month low of $84.21 and a twelve month high of $136.31.

BWX Technologies (NYSE:BWXT - Get Free Report) last released its quarterly 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. The company had revenue of $746.27 million during 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, sell-side analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Tuesday, March 11th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.93%. This is a boost from BWX Technologies's previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Tuesday, March 11th. BWX Technologies's dividend payout ratio is 32.57%.

Insider Activity

In other news, CEO Rex D. Geveden sold 45,625 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $107.40, for a total value 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 represents a 17.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Robert L. Duffy sold 6,000 shares of the company'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 sale, the senior vice president now owns 3,206 shares in the company, valued at $333,520.18. This trade represents a 65.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, 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.