BWX Technologies, Inc. (NYSE:BWXT) Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC lifted its position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 41.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 187,900 shares of the technology company's stock after purchasing an additional 54,700 shares during the period. Renaissance Technologies LLC owned about 0.21% of BWX Technologies worth $20,930,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of BWXT. Retirement Wealth Solutions LLC acquired a new stake in BWX Technologies during the 4th quarter worth $30,000. HHM Wealth Advisors LLC grew its holdings 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 purchasing an additional 90 shares during the last quarter. Principal Securities Inc. increased its position 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 worth $35,000 after purchasing an additional 91 shares in the last quarter. V Square Quantitative Management LLC lifted its holdings in shares of BWX Technologies by 40.5% in the 4th 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 last quarter. Finally, UMB Bank n.a. boosted its position in shares of BWX Technologies by 97.3% in the 4th quarter. UMB Bank n.a. now owns 507 shares of the technology company's stock valued at $56,000 after purchasing an additional 250 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

BWXT stock traded up $0.17 on Tuesday, reaching $104.04. 489,933 shares of the company's stock were exchanged, compared to its average volume of 783,074. The stock has a fifty day moving average of $101.97 and a 200-day moving average of $114.04. The firm has a market cap of $9.51 billion, a PE ratio of 34.45, a P/E/G ratio of 3.20 and a beta of 0.67. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15. BWX Technologies, Inc. has a twelve month low of $84.21 and a twelve month 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, topping the consensus estimate of $0.80 by $0.12. The company had revenue of $746.27 million for the quarter, compared to analyst estimates of $653.16 million. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. As a group, equities analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Tuesday, March 11th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.96%. This is an increase from BWX Technologies's previous quarterly dividend of $0.24. The ex-dividend date was Tuesday, March 11th. BWX Technologies's dividend payout ratio (DPR) is presently 32.57%.

Insider Transactions at BWX Technologies

In other news, CEO Rex D. Geveden sold 45,625 shares of BWX Technologies stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 218,218 shares of the company's stock, valued at $23,436,613.20. The trade was a 17.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the stock in a transaction dated 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 sale, the senior vice president now directly owns 9,904 shares in the company, valued at approximately $1,039,127.68. The trade was a 16.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 53,625 shares of company stock valued at $5,734,145 in the last quarter. 0.47% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

BWXT has been the topic of a number of recent research reports. Maxim Group lifted their target price 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 target price on shares of BWX Technologies from $90.00 to $105.00 and gave the stock an "underweight" rating in a research note on Monday, December 16th. Seaport Res Ptn upgraded BWX Technologies to a "strong-buy" rating in a research report on Tuesday, April 1st. Bank of America decreased their price objective on BWX Technologies from $160.00 to $135.00 and set a "buy" rating for the company in a research report on Wednesday, March 26th. Finally, Truist Financial lifted their target price on BWX Technologies from $106.00 to $114.00 and gave the company a "hold" rating in a research note on Tuesday, January 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $124.38.

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.