Demars Financial Group LLC Purchases 4,434,799 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Demars Financial Group LLC lifted its holdings in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 9,309.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,482,439 shares of the technology company's stock after acquiring an additional 4,434,799 shares during the period. BWX Technologies makes up approximately 1.5% of Demars Financial Group LLC's investment portfolio, making the stock its 12th largest position. Demars Financial Group LLC owned about 4.90% of BWX Technologies worth $499,299,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new position in BWX Technologies during the 4th quarter worth approximately $69,730,000. Stephens Investment Management Group LLC bought a new position in shares of BWX Technologies in the fourth quarter worth $50,054,000. Van ECK Associates Corp increased its holdings in BWX Technologies by 46.7% during the 4th quarter. Van ECK Associates Corp now owns 1,408,736 shares of the technology company's stock worth $156,919,000 after acquiring an additional 448,467 shares during the period. Blair William & Co. IL grew its stake in BWX Technologies by 949.0% in the 4th quarter. Blair William & Co. IL now owns 424,821 shares of the technology company's stock worth $47,321,000 after buying an additional 384,323 shares in the last quarter. Finally, Marshall Wace LLP increased its position in shares of BWX Technologies by 786.1% during the 4th quarter. Marshall Wace LLP now owns 338,207 shares of the technology company's stock valued at $37,673,000 after purchasing an additional 300,041 shares during the last quarter. 94.39% of the stock is owned by institutional investors and hedge funds.

BWX Technologies Trading Up 1.6 %

NYSE:BWXT traded up $1.61 on Tuesday, reaching $102.07. The company's stock had a trading volume of 119,238 shares, compared to its average volume of 783,237. The firm has a market cap of $9.33 billion, a price-to-earnings ratio of 33.85, a price-to-earnings-growth ratio of 3.20 and a beta of 0.67. 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 12-month low of $84.21 and a 12-month high of $136.31. The stock has a 50 day moving average price of $101.21 and a 200 day moving average price of $113.74.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its quarterly earnings results 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 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 analyst estimates of $653.16 million. On average, equities 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 issued a dividend of $0.25 per share. This is a boost from BWX Technologies's previous quarterly dividend of $0.24. The ex-dividend date was Tuesday, March 11th. This represents a $1.00 annualized dividend and a dividend yield of 0.98%. BWX Technologies's dividend payout ratio (DPR) is 32.57%.

Insider Buying and Selling

In other BWX Technologies news, 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 value of $4,900,125.00. Following the completion of the transaction, the chief executive officer now owns 218,218 shares of the company's stock, valued at $23,436,613.20. The trade was a 17.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Robert L. Duffy sold 6,000 shares of the business's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $104.03, for a total transaction of $624,180.00. Following the completion of the sale, the senior vice president now owns 3,206 shares in the company, valued at approximately $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 quarter, insiders sold 53,625 shares of company stock valued at $5,734,145. Insiders own 0.47% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on BWXT. Truist Financial increased their price target on shares of BWX Technologies from $106.00 to $114.00 and gave the company a "hold" rating in a research report on Tuesday, January 14th. Seaport Res Ptn upgraded BWX Technologies to a "strong-buy" rating in a research note on Tuesday, April 1st. Maxim Group boosted their price target on BWX Technologies from $138.00 to $140.00 and gave the company a "buy" rating in a research note on Friday, January 10th. Finally, Bank of America dropped their price target on shares of BWX Technologies from $160.00 to $135.00 and set a "buy" rating for the company in a research report on Wednesday, March 26th. One 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 stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average 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.