Geode Capital Management LLC Sells 20,866 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Geode Capital Management LLC lessened its stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 1.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,661,697 shares of the technology company's stock after selling 20,866 shares during the quarter. Geode Capital Management LLC owned approximately 1.82% of BWX Technologies worth $185,151,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BWXT. Vanguard Group Inc. increased its stake in BWX Technologies by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 9,211,924 shares of the technology company's stock worth $1,026,116,000 after acquiring an additional 202,917 shares during the last quarter. Franklin Resources Inc. increased its position in BWX Technologies by 8.5% in the fourth 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 during the last quarter. Van ECK Associates Corp raised its stake in 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 valued at $156,919,000 after purchasing an additional 448,467 shares in the last quarter. Bank of New York Mellon Corp lifted its position in BWX Technologies by 19.8% during the fourth quarter. Bank of New York Mellon Corp now owns 1,379,779 shares of the technology company's stock valued at $153,694,000 after purchasing an additional 228,413 shares during the last quarter. Finally, Clearbridge Investments LLC grew its stake in shares of BWX Technologies by 1.4% in the 4th quarter. Clearbridge Investments LLC now owns 899,013 shares of the technology company's stock worth $100,141,000 after buying an additional 12,196 shares in the last quarter. 94.39% of the stock is owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

In other news, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the business's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $104.92, for a total value of $209,840.00. Following the completion of the sale, the senior vice president now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Robert L. Duffy sold 6,000 shares of the company's stock in a transaction that occurred 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 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 position. 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 ninety days. 0.47% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

BWXT has been the topic of several recent research reports. Truist Financial upped their target price 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 raised BWX Technologies to a "strong-buy" rating in a research note on Tuesday, April 1st. Maxim Group boosted their target price on BWX Technologies from $138.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, January 10th. Bank of America lowered their price target on BWX Technologies from $160.00 to $135.00 and set a "buy" rating for the company in a research report on Wednesday, March 26th. Finally, Barclays boosted their price objective on shares of BWX Technologies from $90.00 to $105.00 and gave the company an "underweight" rating in a research report on Monday, December 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $124.38.

BWX Technologies Trading Up 2.4 %

BWXT stock traded up $2.46 during midday trading on Friday, reaching $103.48. The company's stock had a trading volume of 939,393 shares, compared to its average volume of 785,186. BWX Technologies, Inc. has a 1 year low of $84.21 and a 1 year high of $136.31. The firm has a market capitalization of $9.46 billion, a price-to-earnings ratio of 34.26, a PEG ratio of 3.20 and a beta of 0.67. The stock has a fifty day simple moving average of $102.33 and a two-hundred day simple moving average of $114.09. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25.

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

BWX Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors 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 annualized dividend and a yield of 0.97%. This is a boost from BWX Technologies's previous quarterly dividend of $0.24. BWX Technologies's dividend payout ratio is 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.