PFG Advisors Has $1.95 Million Holdings in BWX Technologies, Inc. (NYSE:BWXT)

PFG Advisors raised its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 69.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,514 shares of the technology company's stock after purchasing an additional 7,154 shares during the quarter. PFG Advisors' holdings in BWX Technologies were worth $1,951,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Stone House Investment Management LLC increased its position in BWX Technologies by 76.2% during the 3rd quarter. Stone House Investment Management LLC now owns 229 shares of the technology company's stock worth $25,000 after buying an additional 99 shares during the period. Retirement Wealth Solutions LLC bought a new position in BWX Technologies during the 4th quarter worth $30,000. Quarry LP increased its position in BWX Technologies by 93.6% during 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 period. HHM Wealth Advisors LLC increased its position in BWX Technologies by 45.0% during the 4th quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company's stock worth $32,000 after buying an additional 90 shares during the period. Finally, Principal Securities Inc. increased its position in BWX Technologies by 40.4% during the 4th quarter. Principal Securities Inc. now owns 316 shares of the technology company's stock worth $35,000 after buying an additional 91 shares during the period. Institutional investors and hedge funds own 94.39% of the company's stock.

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BWX Technologies Price Performance

BWX Technologies stock traded down $1.19 during midday trading on Thursday, reaching $96.88. The company's stock had a trading volume of 590,076 shares, compared to its average volume of 714,276. BWX Technologies, Inc. has a 52 week low of $86.70 and a 52 week high of $136.31. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. The business has a 50-day moving average price of $110.93 and a 200-day moving average price of $114.32. The stock has a market cap of $8.86 billion, a PE ratio of 32.08, a price-to-earnings-growth ratio of 3.20 and a beta of 0.69.

BWX Technologies (NYSE:BWXT - Get Free Report) last released its earnings results 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 for the quarter, compared to analysts' expectations of $653.16 million. On average, sell-side analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current 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 paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.03%. This is a positive change from BWX Technologies's previous quarterly dividend of $0.24. The ex-dividend date is Tuesday, March 11th. BWX Technologies's dividend payout ratio (DPR) is presently 32.57%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on BWXT shares. Truist Financial increased their price objective on BWX Technologies from $106.00 to $114.00 and gave the stock a "hold" rating in a research report on Tuesday, January 14th. Maxim Group increased their price objective on BWX Technologies from $138.00 to $140.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Barclays raised their price target 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 raised their price target on BWX Technologies from $115.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $127.50.

Insider Activity

In other news, CEO Rex D. Geveden sold 45,625 shares of BWX Technologies stock in a transaction dated 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 sale, the chief executive officer now directly owns 218,218 shares of the company's stock, valued at approximately $23,436,613.20. This trade represents a 17.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Robert L. Duffy sold 6,000 shares of BWX Technologies stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $104.03, for a total value of $624,180.00. Following the sale, the senior vice president now directly owns 3,206 shares in the company, valued at $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. Over the last three months, insiders have sold 53,625 shares of company stock valued at $5,734,145. 0.47% of the stock is currently owned by corporate 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.