BWX Technologies, Inc. (NYSE:BWXT) Shares Sold by Legal & General Group Plc

Legal & General Group Plc cut its position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 6.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 136,529 shares of the technology company's stock after selling 9,044 shares during the period. Legal & General Group Plc owned approximately 0.15% of BWX Technologies worth $15,208,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in BWXT. Retirement Wealth Solutions LLC bought a new position in shares of BWX Technologies in the 4th quarter valued at about $30,000. HHM Wealth Advisors LLC increased its stake 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 acquiring an additional 90 shares during the last quarter. Principal Securities Inc. raised its position in BWX Technologies by 40.4% during the fourth quarter. Principal Securities Inc. now owns 316 shares of the technology company's stock valued at $35,000 after purchasing an additional 91 shares during the period. V Square Quantitative Management LLC lifted its stake in shares of 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 purchasing an additional 117 shares during the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of BWX Technologies by 97.3% in the 4th quarter. UMB Bank n.a. now owns 507 shares of the technology company's stock worth $56,000 after purchasing an additional 250 shares during the period. 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 firm'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 directly owns 218,218 shares in the company, valued at $23,436,613.20. This trade represents a 17.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of BWX Technologies stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $104.92, for a total transaction of $209,840.00. Following the completion of the transaction, the senior vice president now directly owns 9,904 shares in the company, valued at $1,039,127.68. This represents a 16.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 53,625 shares of company stock valued at $5,734,145. 0.47% of the stock is currently owned by corporate insiders.

BWX Technologies Stock Down 0.1 %

Shares of BWX Technologies stock traded down $0.13 during trading on Friday, hitting $103.73. 813,965 shares of the stock traded hands, compared to its average volume of 784,567. 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's fifty day simple moving average is $101.55 and its 200 day simple moving average is $113.93. The firm has a market cap of $9.48 billion, a P/E ratio of 34.35, a price-to-earnings-growth ratio of 3.20 and a beta of 0.67. BWX Technologies, Inc. has a 52-week low of $84.21 and a 52-week 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, topping the consensus estimate of $0.80 by $0.12. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The company had revenue of $746.27 million for the quarter, compared to analysts' expectations of $653.16 million. On average, equities analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Tuesday, March 11th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.00 dividend on an annualized basis and a yield of 0.96%. This is a positive change from BWX Technologies's previous quarterly dividend of $0.24. BWX Technologies's dividend payout ratio is currently 32.57%.

Wall Street Analyst Weigh In

Several research firms have commented on BWXT. Bank of America cut their price objective on shares of BWX Technologies from $160.00 to $135.00 and set a "buy" rating on the stock in a research report on Wednesday, March 26th. Seaport Res Ptn upgraded BWX Technologies to a "strong-buy" rating in a report on Tuesday, April 1st. Truist Financial upped their price objective on BWX Technologies from $106.00 to $114.00 and gave the company a "hold" rating in a research report on Tuesday, January 14th. Finally, Maxim Group lifted 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $124.38.

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.