Proficio Capital Partners LLC Acquires New Position in BWX Technologies, Inc. (NYSE:BWXT)

Proficio Capital Partners LLC acquired a new position in shares of 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. The firm acquired 15,149 shares of the technology company's stock, valued at approximately $1,687,000.

Several other large investors also recently modified their holdings of the stock. CIBC Asset Management Inc grew its position in shares of BWX Technologies by 3.4% during the 3rd quarter. CIBC Asset Management Inc now owns 2,667 shares of the technology company's stock worth $290,000 after buying an additional 87 shares during the period. HHM Wealth Advisors LLC grew its position in shares of 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. Principal Securities Inc. lifted its holdings in shares of BWX Technologies by 40.4% in the 4th 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. Stone House Investment Management LLC grew its position in BWX Technologies by 76.2% in the 3rd quarter. Stone House Investment Management LLC now owns 229 shares of the technology company's stock valued at $25,000 after purchasing an additional 99 shares during the period. Finally, Louisiana State Employees Retirement System grew its position in BWX Technologies by 0.4% in the 4th quarter. Louisiana State Employees Retirement System now owns 25,400 shares of the technology company's stock valued at $2,829,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 94.39% of the company's stock.

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Insider Buying and Selling

In related news, SVP Robert L. Duffy sold 6,000 shares of the business's stock in a transaction dated Wednesday, March 5th. The stock was 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 approximately $333,520.18. The trade was a 65.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Rex D. Geveden sold 45,625 shares of the business's stock in a transaction dated 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 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. In the last ninety days, insiders have sold 53,625 shares of company stock valued at $5,734,145. 0.47% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on BWXT shares. Maxim Group lifted their price target on shares of BWX Technologies from $138.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, January 10th. Barclays lifted their price target on shares of BWX Technologies from $90.00 to $105.00 and gave the company an "underweight" rating in a research report on Monday, December 16th. Finally, Truist Financial lifted their price target 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $127.50.

BWX Technologies Stock Down 1.1 %

BWXT traded down $1.12 during mid-day trading on Friday, reaching $99.27. 3,416,676 shares of the stock were exchanged, compared to its average volume of 732,135. 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 stock has a market capitalization of $9.07 billion, a PE ratio of 32.87, a price-to-earnings-growth ratio of 3.20 and a beta of 0.69. The company has a 50 day moving average price of $108.89 and a two-hundred day moving average price of $114.21. BWX Technologies, Inc. has a 1 year low of $86.70 and a 1 year high of $136.31.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its quarterly earnings data on Monday, February 24th. The technology company reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.80 by $0.12. The firm had revenue of $746.27 million for the quarter, compared to the consensus estimate of $653.16 million. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. As a group, research analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Tuesday, March 11th will be issued a $0.25 dividend. This is an increase from BWX Technologies's previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Tuesday, March 11th. BWX Technologies's 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.