M&T Bank Corp Has $6.45 Million Holdings in BWX Technologies, Inc. (NYSE:BWXT)

M&T Bank Corp lowered its stake in 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 SEC. The institutional investor owned 57,871 shares of the technology company's stock after selling 3,832 shares during the quarter. M&T Bank Corp owned about 0.06% of BWX Technologies worth $6,446,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Stone House Investment Management LLC increased its position in shares of BWX Technologies by 76.2% in the 3rd quarter. Stone House Investment Management LLC now owns 229 shares of the technology company's stock worth $25,000 after purchasing an additional 99 shares during the last quarter. Quarry LP lifted its position in shares of BWX Technologies by 93.6% in the 3rd quarter. Quarry LP now owns 271 shares of the technology company's stock worth $29,000 after buying an additional 131 shares during the last quarter. Retirement Wealth Solutions LLC acquired a new position in shares of BWX Technologies in the 4th quarter valued at about $30,000. HHM Wealth Advisors LLC grew its position in shares of BWX Technologies by 45.0% during the 4th 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. Finally, Principal Securities Inc. raised its stake in BWX Technologies by 40.4% during the fourth quarter. Principal Securities Inc. now owns 316 shares of the technology company's stock worth $35,000 after acquiring an additional 91 shares during the period. Institutional investors and hedge funds own 94.39% of the company's stock.

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Insider Activity 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 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 of the company's stock, valued at $23,436,613.20. This represents a 17.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Robert L. Duffy sold 6,000 shares of the business's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $104.03, for a total transaction of $624,180.00. Following the transaction, 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 position. The disclosure for this sale can be found here. In the last three months, insiders have sold 53,625 shares of company stock worth $5,734,145. 0.47% of the stock is owned by insiders.

BWX Technologies Stock Up 0.7 %

Shares of BWXT stock traded up $0.67 during trading on Tuesday, hitting $97.01. 728,708 shares of the company were exchanged, compared to its average volume of 715,408. The firm has a market capitalization of $8.87 billion, a price-to-earnings ratio of 32.12, a P/E/G ratio of 3.20 and a beta of 0.69. 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 business's 50-day simple moving average is $111.48 and its 200 day simple moving average is $114.47. BWX Technologies, Inc. has a twelve month low of $86.70 and a twelve month high of $136.31.

BWX Technologies (NYSE:BWXT - Get Free Report) last released its quarterly earnings data on Monday, February 24th. The technology company reported $0.92 earnings per share (EPS) 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 company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Tuesday, March 11th will be given a $0.25 dividend. This is a positive change from BWX Technologies's previous quarterly dividend of $0.24. The ex-dividend date is Tuesday, March 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.03%. BWX Technologies's dividend payout ratio (DPR) is currently 32.57%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on BWXT shares. Truist Financial upped their target price on BWX Technologies from $106.00 to $114.00 and gave the company a "hold" rating in a report on Tuesday, January 14th. Barclays increased their price target on BWX Technologies from $90.00 to $105.00 and gave the company an "underweight" rating in a research note on Monday, December 16th. Maxim Group boosted their price objective on BWX Technologies from $138.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. Bank of America raised their target price on shares of BWX Technologies from $115.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. Finally, Alembic Global Advisors raised BWX Technologies from a "neutral" rating to an "overweight" rating and set a $148.00 target price on the stock in a research report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $127.50.

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.