BWX Technologies, Inc. (NYSE:BWXT) Shares Sold by Invesco Ltd.

Invesco Ltd. cut its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 5.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,142,121 shares of the technology company's stock after selling 72,198 shares during the quarter. Invesco Ltd. owned 1.25% of BWX Technologies worth $127,221,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Narwhal Capital Management raised its stake in shares of BWX Technologies by 33.4% in the fourth quarter. Narwhal Capital Management now owns 20,979 shares of the technology company's stock valued at $2,337,000 after acquiring an additional 5,250 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of BWX Technologies by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,682,563 shares of the technology company's stock valued at $182,938,000 after buying an additional 26,130 shares during the period. Cadinha & Co. LLC increased its stake in shares of BWX Technologies by 469.2% during the fourth quarter. Cadinha & Co. LLC now owns 64,341 shares of the technology company's stock worth $7,167,000 after buying an additional 53,038 shares during the period. Cooper Financial Group purchased a new position in BWX Technologies in the fourth quarter worth approximately $737,000. Finally, Strategic Planning Group LLC acquired a new position in BWX Technologies during the 4th quarter worth approximately $3,005,000. Hedge funds and other institutional investors own 94.39% of the company's stock.

Insider Buying and Selling at BWX Technologies

In other BWX Technologies news, CEO Rex D. Geveden sold 45,625 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $107.40, for a total transaction of $4,900,125.00. Following the sale, the chief executive officer now owns 218,218 shares in the company, valued at approximately $23,436,613.20. This represents a 17.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $624,180.00. Following the completion of the sale, the senior vice president now owns 3,206 shares in the company, valued at $333,520.18. This represents a 65.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 53,625 shares of company stock valued at $5,734,145. Insiders own 0.47% of the company's stock.

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Wall Street Analyst Weigh In

BWXT has been the topic of a number of analyst reports. Barclays raised their price objective on shares of BWX Technologies from $90.00 to $105.00 and gave the company an "underweight" rating in a report on Monday, December 16th. Truist Financial lifted their price target on BWX Technologies from $106.00 to $114.00 and gave the stock a "hold" rating in a report on Tuesday, January 14th. Seaport Res Ptn upgraded BWX Technologies to a "strong-buy" rating in a report on Tuesday, April 1st. Maxim Group raised their target price on BWX Technologies from $138.00 to $140.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Finally, 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 report on Wednesday, March 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $124.38.

BWX Technologies Stock Performance

NYSE:BWXT traded up $0.17 during trading hours on Tuesday, reaching $104.04. 489,933 shares of the company's stock were exchanged, compared to its average volume of 783,074. 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 $9.51 billion, a price-to-earnings ratio of 34.45, a P/E/G ratio of 3.20 and a beta of 0.67. The company has a 50-day moving average of $101.97 and a 200 day moving average of $114.04. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted 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. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The company had revenue of $746.27 million during the quarter, compared to analysts' expectations of $653.16 million. Research analysts anticipate 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 given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.96%. This is an increase from BWX Technologies's previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Tuesday, March 11th. 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.