Meeder Asset Management Inc. Has $4.42 Million Stock Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Meeder Asset Management Inc. grew its holdings in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 38.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 39,683 shares of the technology company's stock after acquiring an additional 10,970 shares during the quarter. Meeder Asset Management Inc.'s holdings in BWX Technologies were worth $4,420,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

BWXT has been the topic of several research reports. Maxim Group upped their target price on BWX Technologies from $138.00 to $140.00 and gave the company a "buy" rating in a report on Friday, January 10th. Truist Financial boosted 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 shares of BWX Technologies to a "strong-buy" rating in a research report on Tuesday. Barclays increased their target price on BWX Technologies from $90.00 to $105.00 and gave the stock an "underweight" rating in a research report on Monday, December 16th. Finally, Bank of America cut their price target on shares of BWX Technologies from $160.00 to $135.00 and set a "buy" rating on the stock in a report on Wednesday, March 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $124.38.

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BWX Technologies Price Performance

Shares of NYSE:BWXT traded down $6.18 on Friday, reaching $89.24. 432,914 shares of the company traded hands, compared to its average volume of 764,576. The company's 50 day moving average is $105.07 and its 200-day moving average is $114.33. The stock has a market capitalization of $8.16 billion, a PE ratio of 29.54, a P/E/G ratio of 3.20 and a beta of 0.67. BWX Technologies, Inc. has a fifty-two week low of $86.70 and a fifty-two week high of $136.31. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its earnings results on Monday, February 24th. The technology company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.80 by $0.12. The business 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%. As a group, analysts anticipate that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders 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 is a positive change from BWX Technologies's previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.12%. BWX Technologies's payout ratio is 32.57%.

Insider Activity at BWX Technologies

In related news, CEO Rex D. Geveden sold 45,625 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 218,218 shares of the company's stock, valued at approximately $23,436,613.20. This represents a 17.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Robert L. Duffy sold 6,000 shares of the firm's stock in a transaction 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 sale, the senior vice president now owns 3,206 shares in the company, valued at approximately $333,520.18. The trade was a 65.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 53,625 shares of company stock worth $5,734,145 in the last ninety days. 0.47% of the stock is currently owned by insiders.

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.