JPMorgan Chase & Co. Purchases 18,382 Shares of BWX Technologies, Inc. (NYSE:BWXT)

JPMorgan Chase & Co. grew its stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 6.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 290,653 shares of the technology company's stock after purchasing an additional 18,382 shares during the quarter. JPMorgan Chase & Co. owned about 0.32% of BWX Technologies worth $32,376,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. HHM Wealth Advisors LLC grew its holdings in BWX Technologies by 45.0% during 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 period. Principal Securities Inc. lifted 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 buying an additional 91 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of BWX Technologies by 0.4% during the 4th quarter. Louisiana State Employees Retirement System now owns 25,400 shares of the technology company's stock worth $2,829,000 after acquiring an additional 100 shares during the period. AdvisorNet Financial Inc increased its holdings in shares of BWX Technologies by 15.4% during the 4th quarter. AdvisorNet Financial Inc now owns 779 shares of the technology company's stock worth $87,000 after acquiring an additional 104 shares during the last quarter. Finally, V Square Quantitative Management LLC raised its stake in BWX Technologies by 40.5% in the 4th quarter. V Square Quantitative Management LLC now owns 406 shares of the technology company's stock valued at $45,000 after acquiring an additional 117 shares during the period. Institutional investors own 94.39% of the company's stock.

Remove Ads

Insider Buying and Selling at BWX Technologies

In other BWX Technologies news, CEO Rex D. Geveden sold 45,625 shares of the firm's stock in a transaction on 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 sale, the chief executive officer now owns 218,218 shares of the company's stock, valued at approximately $23,436,613.20. This trade represents a 17.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Robert L. Duffy sold 6,000 shares of the business's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $104.03, for a total value of $624,180.00. Following the transaction, the senior vice president now directly owns 3,206 shares of the company's stock, valued at $333,520.18. This trade represents a 65.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 53,625 shares of company stock valued at $5,734,145 in the last ninety days. 0.47% of the stock is currently owned by company insiders.

BWX Technologies Price Performance

Shares of NYSE BWXT 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. 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 company has a market cap of $9.46 billion, a P/E ratio of 34.26, a P/E/G ratio of 3.20 and a beta of 0.67. The business's 50 day moving average price is $102.33 and its two-hundred day moving average price is $114.09. BWX Technologies, Inc. has a fifty-two week low of $84.21 and a fifty-two week high of $136.31.

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, beating the consensus estimate of $0.80 by $0.12. The firm had revenue of $746.27 million during the quarter, compared to analysts' expectations of $653.16 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. On average, analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Tuesday, March 11th were issued a $0.25 dividend. This is a positive change from BWX Technologies's previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 0.97%. The ex-dividend date was Tuesday, March 11th. BWX Technologies's dividend payout ratio (DPR) is currently 32.57%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on BWXT shares. Barclays lifted their price objective on shares of BWX Technologies from $90.00 to $105.00 and gave the stock an "underweight" rating in a research report on Monday, December 16th. Truist Financial lifted their target price on shares of BWX Technologies from $106.00 to $114.00 and gave the stock a "hold" rating in a report on Tuesday, January 14th. Maxim Group increased their price target on shares of BWX Technologies from $138.00 to $140.00 and gave the company a "buy" rating in a report on Friday, January 10th. Bank of America reduced their price objective on BWX Technologies from $160.00 to $135.00 and set a "buy" rating for the company in a report on Wednesday, March 26th. Finally, Seaport Res Ptn upgraded BWX Technologies to a "strong-buy" rating in a research note on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, BWX Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $124.38.

About BWX Technologies

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.