Private Advisor Group LLC Invests $1.04 Million in BWX Technologies, Inc. (NYSE:BWXT)

Private Advisor Group LLC purchased a new position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 9,326 shares of the technology company's stock, valued at approximately $1,039,000.

Several other hedge funds also recently modified their holdings of BWXT. FMR LLC lifted its stake in shares of BWX Technologies by 22.3% during the third quarter. FMR LLC now owns 1,754,567 shares of the technology company's stock valued at $190,721,000 after buying an additional 320,217 shares during the period. Geode Capital Management LLC lifted its stake in shares of 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 purchasing an additional 26,130 shares during the period. Van ECK Associates Corp boosted its holdings in shares of 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 worth $156,919,000 after purchasing an additional 448,467 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of BWX Technologies by 29.1% during the third quarter. Thrivent Financial for Lutherans now owns 746,145 shares of the technology company's stock worth $81,105,000 after purchasing an additional 168,077 shares during the last quarter. Finally, Copeland Capital Management LLC grew its position in shares of BWX Technologies by 0.7% in the fourth quarter. Copeland Capital Management LLC now owns 716,946 shares of the technology company's stock valued at $79,861,000 after purchasing an additional 5,173 shares during the period. 94.39% of the stock is owned by institutional investors and hedge funds.

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BWX Technologies Stock Up 1.2 %

Shares of NYSE:BWXT traded up $1.20 during midday trading on Tuesday, hitting $102.70. 788,170 shares of the company's stock traded hands, compared to its average volume of 710,037. The firm's fifty day moving average price is $112.72 and its two-hundred day moving average price is $114.45. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25. BWX Technologies, Inc. has a twelve month low of $86.70 and a twelve month high of $136.31. The company has a market cap of $9.39 billion, a PE ratio of 33.99, a P/E/G ratio of 3.20 and a beta of 0.73.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its quarterly earnings data on Monday, February 24th. The technology company reported $0.92 EPS for the quarter, topping 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 company had revenue of $746.27 million for the quarter, compared to analysts' expectations of $653.16 million. On average, equities research analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Tuesday, March 11th will be given a $0.25 dividend. This is an increase from BWX Technologies's previous quarterly dividend of $0.24. The ex-dividend date is Tuesday, March 11th. This represents a $1.00 annualized dividend and a yield of 0.97%. BWX Technologies's dividend payout ratio (DPR) is 32.57%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Maxim Group increased their target price 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 increased their price objective on shares of BWX Technologies from $90.00 to $105.00 and gave the stock an "underweight" rating in a report on Monday, December 16th. StockNews.com lowered shares of BWX Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, November 6th. Truist Financial increased their price target on shares of BWX Technologies from $106.00 to $114.00 and gave the stock a "hold" rating in a research note on Tuesday, January 14th. Finally, Alembic Global Advisors raised shares of BWX Technologies from a "neutral" rating to an "overweight" rating and set a $148.00 price objective for the company in a research note on Tuesday, November 12th. One investment 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. Based on data from MarketBeat, BWX Technologies has a consensus rating of "Moderate Buy" and an average target price of $127.50.

Insider Activity

In other BWX Technologies news, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $104.92, for a total transaction of $209,840.00. Following the completion of the sale, the senior vice president now owns 9,904 shares in the company, valued at $1,039,127.68. This trade represents a 16.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rex D. Geveden sold 45,625 shares of BWX Technologies stock in a transaction that occurred on 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 sale, the chief executive officer now owns 218,218 shares in the company, valued at $23,436,613.20. This represents a 17.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.47% of the company's stock.

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.