Franklin Resources Inc. Buys 182,311 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Franklin Resources Inc. increased its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 8.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,315,671 shares of the technology company's stock after acquiring an additional 182,311 shares during the period. Franklin Resources Inc. owned about 2.53% of BWX Technologies worth $257,943,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. FMR LLC boosted its stake in BWX Technologies by 22.3% in the 3rd quarter. FMR LLC now owns 1,754,567 shares of the technology company's stock valued at $190,721,000 after buying an additional 320,217 shares in the last quarter. Captrust Financial Advisors boosted its stake in shares of BWX Technologies by 4.7% in the 3rd quarter. Captrust Financial Advisors now owns 27,066 shares of the technology company's stock valued at $2,942,000 after purchasing an additional 1,217 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of BWX Technologies in the 3rd quarter worth about $613,000. Benjamin Edwards Inc. grew its holdings in shares of BWX Technologies by 101.0% in the 3rd quarter. Benjamin Edwards Inc. now owns 2,123 shares of the technology company's stock worth $231,000 after purchasing an additional 1,067 shares during the last quarter. Finally, ArrowMark Colorado Holdings LLC increased its position in shares of BWX Technologies by 3.8% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 135,223 shares of the technology company's stock worth $14,699,000 after purchasing an additional 5,000 shares in the last quarter. 94.39% of the stock is currently owned by institutional investors and hedge funds.

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BWX Technologies Trading Down 6.6 %

BWX Technologies stock traded down $6.28 during mid-day trading on Friday, hitting $89.14. The stock had a trading volume of 1,166,373 shares, compared to its average volume of 767,988. The stock has a 50-day simple moving average of $104.30 and a two-hundred day simple moving average of $114.38. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $8.15 billion, a PE ratio of 29.52, a P/E/G ratio of 3.20 and a beta of 0.67. 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 earnings results on Monday, February 24th. The technology company reported $0.92 earnings per share (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 net margin of 10.32% and a return on equity of 31.95%. As a group, sell-side analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Tuesday, March 11th were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.12%. This is an increase from BWX Technologies's previous quarterly dividend of $0.24. BWX Technologies's dividend payout ratio is 32.57%.

Analyst Ratings Changes

BWXT has been the topic of several research analyst reports. Truist Financial upped their price objective on shares of BWX Technologies from $106.00 to $114.00 and gave the stock a "hold" rating in a research note on Tuesday, January 14th. Seaport Res Ptn raised BWX Technologies to a "strong-buy" rating in a report on Tuesday, April 1st. Bank of America dropped their price target on BWX Technologies from $160.00 to $135.00 and set a "buy" rating for the company in a report on Wednesday, March 26th. Barclays boosted their price objective 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, Maxim Group raised their target price on BWX Technologies from $138.00 to $140.00 and gave the company a "buy" rating in a research note on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, BWX Technologies currently has an average rating of "Moderate Buy" and an average target price of $124.38.

Insider Transactions at BWX Technologies

In other BWX Technologies news, CEO Rex D. Geveden sold 45,625 shares of the company's stock in a transaction that occurred 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 sale, the chief executive officer now owns 218,218 shares of the company's stock, valued at approximately $23,436,613.20. This represents a 17.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 transaction, the senior vice president now directly 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 disclosure for this sale can be found here. Insiders have sold 53,625 shares of company stock worth $5,734,145 in the last three months. Insiders own 0.47% of the company's stock.

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.