Natixis Trims Position in BWX Technologies, Inc. (NYSE:BWXT)

Natixis lowered its stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 13.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,216 shares of the technology company's stock after selling 2,722 shares during the quarter. Natixis' holdings in BWX Technologies were worth $1,918,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BWXT. Demars Financial Group LLC grew its stake in shares of BWX Technologies by 9,309.0% in the 4th quarter. Demars Financial Group LLC now owns 4,482,439 shares of the technology company's stock valued at $499,299,000 after purchasing an additional 4,434,799 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of BWX Technologies during the fourth quarter worth $69,730,000. Stephens Investment Management Group LLC purchased a new position in BWX Technologies in the 4th quarter valued at $50,054,000. Van ECK Associates Corp increased its stake in BWX Technologies by 46.7% in the 4th quarter. Van ECK Associates Corp now owns 1,408,736 shares of the technology company's stock valued at $156,919,000 after buying an additional 448,467 shares during the period. Finally, Blair William & Co. IL raised its position in BWX Technologies by 949.0% during the 4th quarter. Blair William & Co. IL now owns 424,821 shares of the technology company's stock worth $47,321,000 after buying an additional 384,323 shares during the last quarter. Hedge funds and other institutional investors own 94.39% of the company's stock.

Insider Activity

In other news, CEO Rex D. Geveden sold 45,625 shares of the business'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 transaction, the chief executive officer now owns 218,218 shares of the company's stock, valued at $23,436,613.20. The trade was a 17.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $104.92, for a total transaction of $209,840.00. Following the transaction, the senior vice president now directly owns 9,904 shares in the company, valued at $1,039,127.68. The trade was a 16.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 53,625 shares of company stock worth $5,734,145 over the last ninety days. 0.47% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Maxim Group lifted their target price 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 lowered their price objective on BWX Technologies from $160.00 to $135.00 and set a "buy" rating on the stock in a report on Wednesday, March 26th. Seaport Res Ptn raised BWX Technologies to a "strong-buy" rating in a research note on Tuesday, April 1st. Finally, Truist Financial lifted their price target on BWX Technologies from $106.00 to $114.00 and gave the company a "hold" rating in a research note on Tuesday, January 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $124.38.

BWX Technologies Stock Performance

NYSE BWXT opened at $102.31 on Wednesday. The business has a 50 day moving average price of $101.07 and a 200 day moving average price of $113.66. The company has a market capitalization of $9.35 billion, a P/E ratio of 33.88, a PEG ratio of 3.20 and a beta of 0.67. BWX Technologies, Inc. has a 1-year low of $84.21 and a 1-year 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 announced 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 business had revenue of $746.27 million during the quarter, compared to analysts' expectations of $653.16 million. Sell-side analysts expect 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 was paid on Friday, March 28th. Shareholders of record on Tuesday, March 11th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.98%. The ex-dividend date was Tuesday, March 11th. This is an increase from BWX Technologies's previous quarterly dividend of $0.24. BWX Technologies's dividend payout ratio is 32.57%.

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.

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