Magnetar Financial LLC Has $3.76 Million Stock Position in BWX Technologies, Inc. (NYSE:BWXT)

Magnetar Financial LLC raised its position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 76.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,779 shares of the technology company's stock after acquiring an additional 14,602 shares during the period. Magnetar Financial LLC's holdings in BWX Technologies were worth $3,763,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. CIBC Asset Management Inc raised its stake in BWX Technologies by 3.4% during the 3rd quarter. CIBC Asset Management Inc now owns 2,667 shares of the technology company's stock valued at $290,000 after purchasing an additional 87 shares during the last quarter. HHM Wealth Advisors LLC raised its position in shares of BWX Technologies by 45.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company's stock valued at $32,000 after buying an additional 90 shares during the last quarter. Principal Securities Inc. lifted its stake 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 period. Stone House Investment Management LLC lifted its stake in shares of BWX Technologies by 76.2% in the third quarter. Stone House Investment Management LLC now owns 229 shares of the technology company's stock valued at $25,000 after buying an additional 99 shares during the period. Finally, Louisiana State Employees Retirement System raised its holdings in BWX Technologies by 0.4% in the 4th quarter. Louisiana State Employees Retirement System now owns 25,400 shares of the technology company's stock valued at $2,829,000 after acquiring an additional 100 shares in the last quarter. 94.39% of the stock is currently owned by institutional investors.

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Insiders Place Their Bets

In related news, CEO Rex D. Geveden sold 45,625 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer now 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 transaction 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 dated Thursday, February 27th. The stock was 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 of the company's stock, valued at approximately $1,039,127.68. The trade was a 16.80 % decrease in their ownership of the stock. 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 90 days. 0.47% of the stock is currently owned by insiders.

BWX Technologies Price Performance

Shares of NYSE BWXT traded up $0.77 during mid-day trading on Tuesday, hitting $104.85. 592,739 shares of the stock were exchanged, compared to its average volume of 732,713. BWX Technologies, Inc. has a twelve month low of $86.70 and a twelve month high of $136.31. The stock's fifty day simple moving average is $108.68 and its two-hundred day simple moving average is $114.37. 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 $9.58 billion, a P/E ratio of 34.72, a PEG ratio of 3.20 and a beta of 0.69.

BWX Technologies (NYSE:BWXT - Get Free Report) last released its quarterly earnings results on Monday, February 24th. The technology company reported $0.92 earnings per share for the quarter, beating 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 firm had revenue of $746.27 million during the quarter, compared to analysts' expectations of $653.16 million. As a group, analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors 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 dividend yield of 0.95%. This is a boost from BWX Technologies's previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Tuesday, March 11th. BWX Technologies's payout ratio is currently 32.57%.

Wall Street Analysts Forecast Growth

BWXT has been the topic of several recent research reports. Maxim Group lifted their price objective on BWX Technologies from $138.00 to $140.00 and gave the stock a "buy" rating in a report on Friday, January 10th. Barclays boosted their price target 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. Finally, Truist Financial raised their price objective 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, BWX Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $127.50.

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.