15,149 Shares in BWX Technologies, Inc. (NYSE:BWXT) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 15,149 shares of the technology company's stock, valued at approximately $1,687,000.

A number of other hedge funds also recently made changes to their positions in the company. Stone House Investment Management LLC grew 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 acquiring an additional 99 shares in the last quarter. Retirement Wealth Solutions LLC bought a new position in BWX Technologies in the 4th quarter worth approximately $30,000. Quarry LP increased its holdings in shares of BWX Technologies by 93.6% during the third quarter. Quarry LP now owns 271 shares of the technology company's stock valued at $29,000 after purchasing an additional 131 shares during the period. HHM Wealth Advisors LLC increased its stake in 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 period. Finally, Principal Securities Inc. raised its holdings 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 purchasing an additional 91 shares in the last quarter. Hedge funds and other institutional investors own 94.39% of the company's stock.

Insider Transactions at BWX Technologies

In related news, CEO Rex D. Geveden sold 45,625 shares of the firm's stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 218,218 shares of the company's stock, valued at $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 Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the stock in a transaction 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 completion of the transaction, the senior vice president now owns 9,904 shares of the company's stock, valued at approximately $1,039,127.68. This represents a 16.80 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 53,625 shares of company stock worth $5,734,145. Insiders own 0.47% of the company's stock.

Remove Ads

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Maxim Group upped their price target 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. Barclays increased their price target on shares of BWX Technologies from $90.00 to $105.00 and gave the stock an "underweight" rating in a research report on Monday, December 16th. Truist Financial upped 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. Bank of America lifted their price objective on BWX Technologies from $115.00 to $160.00 and gave the company a "buy" rating in a research 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 research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $127.50.

BWX Technologies Stock Down 3.0 %

Shares of BWXT traded down $3.02 during trading hours on Monday, hitting $96.54. 982,286 shares of the company were exchanged, compared to its average volume of 715,479. BWX Technologies, Inc. has a 52 week low of $86.70 and a 52 week high of $136.31. 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 firm's 50 day moving average is $111.79 and its 200-day moving average is $114.50. The company has a market cap of $8.83 billion, a PE ratio of 31.97, a PEG ratio of 3.20 and a beta of 0.69.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its earnings results on Monday, February 24th. The technology company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.80 by $0.12. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The firm had revenue of $746.27 million for the quarter, compared to the consensus estimate of $653.16 million. On average, equities research analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Increases Dividend

The firm also recently disclosed 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 represents a $1.00 annualized dividend and a dividend yield of 1.04%. This is a boost from BWX Technologies's previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Tuesday, March 11th. BWX Technologies's dividend payout ratio is currently 32.57%.

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.