Dimensional Fund Advisors LP Cuts Position in BWX Technologies, Inc. (NYSE:BWXT)

Dimensional Fund Advisors LP cut its position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 16.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,082,833 shares of the technology company's stock after selling 209,026 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.18% of BWX Technologies worth $120,622,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in BWX Technologies by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 9,211,924 shares of the technology company's stock valued at $1,026,116,000 after buying an additional 202,917 shares in the last quarter. Demars Financial Group LLC increased its holdings in shares of BWX Technologies by 9,309.0% during the fourth quarter. Demars Financial Group LLC now owns 4,482,439 shares of the technology company's stock valued at $499,299,000 after acquiring an additional 4,434,799 shares in the last quarter. Franklin Resources Inc. boosted its stake in BWX Technologies by 8.5% in the 4th quarter. Franklin Resources Inc. now owns 2,315,671 shares of the technology company's stock worth $257,943,000 after purchasing an additional 182,311 shares in the last quarter. Van ECK Associates Corp increased its stake 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 valued at $156,919,000 after purchasing an additional 448,467 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of BWX Technologies by 19.8% in the fourth quarter. Bank of New York Mellon Corp now owns 1,379,779 shares of the technology company's stock worth $153,694,000 after buying an additional 228,413 shares during the last quarter. 94.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on BWXT. Truist Financial upped 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. Maxim Group lifted their target price on BWX Technologies from $138.00 to $140.00 and gave the stock a "buy" rating in a report on Friday, January 10th. Seaport Res Ptn upgraded BWX Technologies to a "strong-buy" rating in a research report on Tuesday, April 1st. Finally, Bank of America reduced 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 equities research analyst has rated the stock with a sell rating, two have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, BWX Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $124.38.

Insider Buying and Selling

In related news, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $104.92, for a total value of $209,840.00. Following the completion of the transaction, the senior vice president now directly owns 9,904 shares of the company's stock, valued at approximately $1,039,127.68. This represents a 16.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Robert L. Duffy sold 6,000 shares of BWX Technologies stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $104.03, for a total transaction of $624,180.00. Following the sale, the senior vice president now directly owns 3,206 shares in the company, valued at approximately $333,520.18. This trade represents a 65.17 % 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 in the last 90 days. Insiders own 0.47% of the company's stock.

BWX Technologies Trading Up 1.0 %

BWXT stock opened at $108.99 on Friday. 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 52-week low of $84.21 and a 52-week high of $136.31. The company's 50-day simple moving average is $101.10 and its 200-day simple moving average is $113.45. The firm has a market cap of $9.96 billion, a P/E ratio of 36.09, a PEG ratio of 3.20 and a beta of 0.67.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued 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 company had revenue of $746.27 million for the quarter, compared to analyst estimates of $653.16 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. As a group, equities analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Tuesday, March 11th were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, March 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.92%. This is a boost from BWX Technologies's previous quarterly dividend of $0.24. BWX Technologies's payout ratio is currently 32.57%.

BWX Technologies Company 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.

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