Fox Run Management L.L.C. Sells 2,831 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Fox Run Management L.L.C. decreased its position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 30.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,573 shares of the technology company's stock after selling 2,831 shares during the quarter. Fox Run Management L.L.C.'s holdings in BWX Technologies were worth $732,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Stone House Investment Management LLC increased its stake in shares of BWX Technologies by 76.2% during the third quarter. Stone House Investment Management LLC now owns 229 shares of the technology company's stock valued at $25,000 after purchasing an additional 99 shares in the last quarter. Quarry LP boosted its holdings in BWX Technologies by 93.6% in the third quarter. Quarry LP now owns 271 shares of the technology company's stock worth $29,000 after acquiring an additional 131 shares in the last quarter. Retirement Wealth Solutions LLC bought a new stake in BWX Technologies in the fourth quarter worth $30,000. HHM Wealth Advisors LLC grew its stake in shares of BWX Technologies by 45.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company's stock worth $32,000 after acquiring an additional 90 shares during the last quarter. Finally, Principal Securities Inc. raised its position in shares of BWX Technologies by 40.4% in the 4th quarter. Principal Securities Inc. now owns 316 shares of the technology company's stock worth $35,000 after purchasing an additional 91 shares during the last quarter. Hedge funds and other institutional investors own 94.39% of the company's stock.

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Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Maxim Group lifted their target price on shares of BWX Technologies from $138.00 to $140.00 and gave the stock a "buy" rating in a report on Friday, January 10th. Barclays boosted their price target on BWX Technologies from $90.00 to $105.00 and gave the stock an "underweight" rating in a research note on Monday, December 16th. Finally, Truist Financial lifted their price objective on BWX Technologies from $106.00 to $114.00 and gave the stock a "hold" rating in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, BWX Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $127.50.

BWX Technologies Stock Performance

Shares of NYSE:BWXT traded up $0.77 during trading on Tuesday, hitting $104.85. The company's stock had a trading volume of 592,739 shares, compared to its average volume of 733,104. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. The firm has a market cap of $9.58 billion, a price-to-earnings ratio of 34.72, a P/E/G ratio of 3.20 and a beta of 0.69. The company has a 50-day moving average of $108.44 and a 200-day moving average of $114.43. BWX Technologies, Inc. has a 12 month low of $86.70 and a 12 month high of $136.31.

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

BWX Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Tuesday, March 11th will be paid 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 is Tuesday, March 11th. This represents a $1.00 dividend on an annualized basis and a yield of 0.95%. BWX Technologies's dividend payout ratio (DPR) is presently 32.57%.

Insiders Place Their Bets

In related news, 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 transaction of $624,180.00. Following the completion of the transaction, the senior vice president now owns 3,206 shares in the company, valued at approximately $333,520.18. This represents a 65.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Rex D. Geveden sold 45,625 shares of BWX Technologies stock in a transaction dated 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 sale, the chief executive officer now directly owns 218,218 shares in the company, valued at $23,436,613.20. This trade represents a 17.29 % decrease in their ownership of the stock. 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 three months. 0.47% of the stock is currently owned by company insiders.

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.