Hilton Capital Management LLC Sells 5,528 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Hilton Capital Management LLC reduced its stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 26.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 15,055 shares of the technology company's stock after selling 5,528 shares during the period. Hilton Capital Management LLC's holdings in BWX Technologies were worth $1,677,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Stone House Investment Management LLC lifted its stake in BWX Technologies by 76.2% in the third quarter. Stone House Investment Management LLC now owns 229 shares of the technology company's stock worth $25,000 after purchasing an additional 99 shares during the last quarter. Quarry LP lifted its stake 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 purchasing an additional 131 shares during 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 lifted its stake in 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 purchasing an additional 90 shares during the last quarter. Finally, Principal Securities Inc. increased its position in shares of BWX Technologies by 40.4% in the fourth quarter. Principal Securities Inc. now owns 316 shares of the technology company's stock valued at $35,000 after acquiring an additional 91 shares during the period. 94.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Maxim Group boosted 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. 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. Finally, Truist Financial boosted their price objective 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. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $127.50.

Remove Ads

Insiders Place Their Bets

In other news, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $104.92, for a total value of $209,840.00. Following the transaction, the senior vice president now owns 9,904 shares in the company, valued at approximately $1,039,127.68. This represents a 16.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 53,625 shares of company stock worth $5,734,145. 0.47% of the stock is currently owned by company insiders.

BWX Technologies Trading Down 1.2 %

Shares of NYSE BWXT traded down $1.20 during midday trading on Tuesday, hitting $98.80. 1,155,962 shares of the company traded hands, compared to its average volume of 715,682. BWX Technologies, Inc. has a 12-month low of $86.70 and a 12-month high of $136.31. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25. The stock has a 50-day moving average price of $110.04 and a 200 day moving average price of $114.34. The firm has a market cap of $9.04 billion, a P/E ratio of 32.72, a P/E/G ratio of 3.20 and a beta of 0.69.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its quarterly earnings data 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. 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%. As a group, analysts expect that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Tuesday, March 11th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Tuesday, March 11th. 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.