New Age Alpha Advisors LLC Takes Position in BWX Technologies, Inc. (NYSE:BWXT)

New Age Alpha Advisors LLC purchased a new stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 19,638 shares of the technology company's stock, valued at approximately $2,187,000.

A number of other institutional investors have also made changes to their positions in the business. Raymond James Financial Inc. bought a new position in shares of BWX Technologies during the 4th quarter worth about $69,730,000. Stephens Investment Management Group LLC bought a new position in BWX Technologies during the fourth quarter valued at about $50,054,000. Van ECK Associates Corp increased its stake in BWX Technologies by 46.7% during the fourth quarter. Van ECK Associates Corp now owns 1,408,736 shares of the technology company's stock valued at $156,919,000 after acquiring an additional 448,467 shares during the period. Blair William & Co. IL raised its holdings in BWX Technologies by 949.0% in the 4th quarter. Blair William & Co. IL now owns 424,821 shares of the technology company's stock valued at $47,321,000 after acquiring an additional 384,323 shares in the last quarter. Finally, FMR LLC lifted its position in shares of BWX Technologies by 22.3% in the 3rd quarter. FMR LLC now owns 1,754,567 shares of the technology company's stock worth $190,721,000 after acquiring an additional 320,217 shares during the period. 94.39% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the company's 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 in the company, valued at approximately $1,039,127.68. This represents a 16.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, 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 approximately $23,436,613.20. This trade represents a 17.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 53,625 shares of company stock valued at $5,734,145 over the last ninety days. Insiders own 0.47% of the company's stock.

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BWX Technologies Trading Down 7.2 %

NYSE:BWXT traded down $7.32 during trading hours on Thursday, hitting $94.58. 728,613 shares of the stock were exchanged, compared to its average volume of 761,198. The company's 50 day moving average is $105.73 and its two-hundred day moving average is $114.46. The company has a market capitalization of $8.64 billion, a P/E ratio of 31.32, a price-to-earnings-growth ratio of 3.20 and a beta of 0.67. BWX Technologies, Inc. has a twelve month low of $86.70 and a twelve month high of $136.31. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its quarterly earnings results on Monday, February 24th. The technology company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.12. The business had revenue of $746.27 million for 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%. On average, sell-side 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 given a dividend of $0.25 per share. This is a boost from BWX Technologies's previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.00 annualized dividend and a dividend yield of 1.06%. BWX Technologies's payout ratio is currently 32.57%.

Wall Street Analyst Weigh In

BWXT has been the subject of a number of recent research reports. Seaport Res Ptn upgraded BWX Technologies to a "strong-buy" rating in a research note on Tuesday. Maxim Group increased their price objective on shares of BWX Technologies from $138.00 to $140.00 and gave the company a "buy" rating in a research note on Friday, January 10th. Truist Financial lifted their target price on shares of BWX Technologies from $106.00 to $114.00 and gave the company a "hold" rating in a research report on Tuesday, January 14th. Bank of America dropped their price target on shares of BWX Technologies from $160.00 to $135.00 and set a "buy" rating for the company in a research report on Wednesday, March 26th. Finally, Barclays lifted their price objective on BWX Technologies from $90.00 to $105.00 and gave the company an "underweight" rating in a report on Monday, December 16th. One analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $124.38.

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.