EAM Investors LLC Buys Shares of 38,015 BWX Technologies, Inc. (NYSE:BWXT)

EAM Investors LLC bought a new position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 38,015 shares of the technology company's stock, valued at approximately $4,234,000.

Several other hedge funds also recently modified their holdings of the business. Raymond James Financial Inc. bought a new stake in shares of BWX Technologies during the fourth quarter worth $69,730,000. Stephens Investment Management Group LLC bought a new position in shares of BWX Technologies in the 4th quarter worth $50,054,000. Van ECK Associates Corp grew its stake in shares of BWX Technologies by 46.7% during the fourth quarter. Van ECK Associates Corp now owns 1,408,736 shares of the technology company's stock worth $156,919,000 after purchasing an additional 448,467 shares during the period. Blair William & Co. IL increased its holdings in BWX Technologies by 949.0% in the fourth quarter. Blair William & Co. IL now owns 424,821 shares of the technology company's stock valued at $47,321,000 after purchasing an additional 384,323 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in BWX Technologies by 137.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 471,260 shares of the technology company's stock valued at $52,494,000 after buying an additional 273,030 shares during the period. Institutional investors and hedge funds own 94.39% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BWXT. Bank of America cut their price target on shares of BWX Technologies from $160.00 to $135.00 and set a "buy" rating on the stock in a research report on Wednesday, March 26th. Seaport Res Ptn raised shares of BWX Technologies to a "strong-buy" rating in a research report on Tuesday, April 1st. Maxim Group upped their price objective on shares of BWX Technologies from $138.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, January 10th. Finally, 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 note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $124.38.

Insider Buying and Selling

In other news, SVP Robert L. Duffy sold 6,000 shares of the business's stock in a transaction dated Wednesday, March 5th. The shares were 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 directly owns 3,206 shares of the company's stock, valued at $333,520.18. The trade was a 65.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at 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 transaction of $209,840.00. Following the completion of the transaction, 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 have sold a total of 53,625 shares of company stock valued at $5,734,145 over the last 90 days. 0.47% of the stock is owned by insiders.

BWX Technologies Price Performance

NYSE:BWXT traded down $3.10 during mid-day trading on Monday, reaching $100.61. The stock had a trading volume of 195,013 shares, compared to its average volume of 783,509. 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, Inc. has a 12 month low of $84.21 and a 12 month high of $136.31. The stock has a market capitalization of $9.20 billion, a PE ratio of 33.31, a P/E/G ratio of 3.20 and a beta of 0.67. The stock has a 50-day simple moving average of $101.39 and a two-hundred day simple moving average of $113.86.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its earnings results on Monday, February 24th. The technology company reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.80 by $0.12. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The firm had revenue of $746.27 million for the quarter, compared to analysts' expectations of $653.16 million. On average, equities 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 declared 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 of this dividend was Tuesday, March 11th. This represents a $1.00 annualized dividend and a dividend yield of 0.99%. This is an increase from BWX Technologies's previous quarterly dividend of $0.24. BWX Technologies's dividend payout ratio (DPR) is presently 32.57%.

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.