BWX Technologies, Inc. (NYSE:BWXT) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. lowered its position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 43.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,337 shares of the technology company's stock after selling 18,441 shares during the period. Prudential Financial Inc.'s holdings in BWX Technologies were worth $2,711,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Retirement Wealth Solutions LLC bought a new position in shares of BWX Technologies in the fourth quarter worth about $30,000. Quarry LP grew its stake in BWX Technologies by 93.6% in the 3rd quarter. Quarry LP now owns 271 shares of the technology company's stock worth $29,000 after acquiring an additional 131 shares in the last quarter. HHM Wealth Advisors LLC increased its position in shares of BWX Technologies by 45.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company's stock worth $32,000 after acquiring an additional 90 shares during the period. Principal Securities Inc. raised its stake in shares of BWX Technologies by 40.4% during the fourth quarter. Principal Securities Inc. now owns 316 shares of the technology company's stock valued at $35,000 after acquiring an additional 91 shares in the last quarter. Finally, V Square Quantitative Management LLC boosted its holdings in shares of BWX Technologies by 40.5% in the fourth quarter. V Square Quantitative Management LLC now owns 406 shares of the technology company's stock valued at $45,000 after purchasing an additional 117 shares during the period. Hedge funds and other institutional investors own 94.39% of the company's stock.

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BWX Technologies Stock Performance

BWX Technologies stock traded up $2.99 during trading hours on Tuesday, hitting $93.01. 2,226,179 shares of the stock traded hands, compared to its average volume of 777,430. The firm's 50 day moving average price is $103.10 and its 200-day moving average price is $114.23. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. The stock has a market capitalization of $8.50 billion, a price-to-earnings ratio of 30.80, a P/E/G ratio of 3.20 and a beta of 0.67. BWX Technologies, Inc. has a 1 year low of $84.21 and a 1 year high of $136.31.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its earnings results on Monday, February 24th. The technology company reported $0.92 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 analyst estimates of $653.16 million. As a group, equities analysts expect that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Tuesday, March 11th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.08%. This is a positive change from BWX Technologies's previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Tuesday, March 11th. BWX Technologies's dividend payout ratio is presently 32.57%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on BWXT shares. Truist Financial increased their price target on BWX Technologies from $106.00 to $114.00 and gave the stock a "hold" rating in a research report on Tuesday, January 14th. Bank of America dropped their target price on BWX Technologies from $160.00 to $135.00 and set a "buy" rating on the stock in a research report on Wednesday, March 26th. Barclays boosted their target price 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. Seaport Res Ptn upgraded shares of BWX Technologies to a "strong-buy" rating in a report on Tuesday, April 1st. Finally, Maxim Group increased their target price 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. One analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, BWX Technologies has a consensus rating of "Moderate Buy" and an average price target of $124.38.

Insiders Place Their Bets

In related news, CEO Rex D. Geveden sold 45,625 shares of the stock in a transaction on Wednesday, February 26th. The shares were 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 represents a 17.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Robert L. Duffy sold 6,000 shares of BWX Technologies stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $104.03, for a total transaction of $624,180.00. Following the completion of the transaction, the senior vice president now directly owns 3,206 shares of the company's stock, valued at $333,520.18. The trade was a 65.17 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 53,625 shares of company stock valued at $5,734,145. Company insiders own 0.47% of the company's stock.

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.