Russell Investments Group Ltd. Sells 28,719 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Russell Investments Group Ltd. lowered its position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 28.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,686 shares of the technology company's stock after selling 28,719 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.08% of BWX Technologies worth $7,874,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Raymond James Financial Inc. purchased a new stake in BWX Technologies during the 4th quarter valued at about $69,730,000. Stephens Investment Management Group LLC purchased a new position in shares of BWX Technologies in the fourth quarter valued at about $50,054,000. Van ECK Associates Corp raised its stake 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 valued at $156,919,000 after acquiring an additional 448,467 shares during the last quarter. Blair William & Co. IL grew its stake in shares of BWX Technologies by 949.0% in the fourth quarter. Blair William & Co. IL now owns 424,821 shares of the technology company's stock worth $47,321,000 after purchasing an additional 384,323 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in BWX Technologies by 137.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 471,260 shares of the technology company's stock valued at $52,494,000 after purchasing an additional 273,030 shares during the period. 94.39% of the stock is currently owned by institutional investors.

Remove Ads

Analysts Set New Price Targets

Several equities research analysts have weighed in on BWXT shares. Seaport Res Ptn upgraded BWX Technologies to a "strong-buy" rating in a report on Tuesday, April 1st. Truist Financial raised their price target on 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 decreased their price target on shares of BWX Technologies from $160.00 to $135.00 and set a "buy" rating for the company in a research note on Wednesday, March 26th. Barclays raised their price objective on BWX Technologies from $90.00 to $105.00 and gave the company an "underweight" rating in a research report on Monday, December 16th. Finally, Maxim Group upped their target price on shares of BWX Technologies from $138.00 to $140.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $124.38.

Insiders Place Their Bets

In other news, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of BWX Technologies 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 transaction, 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 legal filing with the SEC, which is available through this hyperlink. Also, SVP Robert L. Duffy sold 6,000 shares of the business's stock in a transaction dated Wednesday, March 5th. The shares were 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 of the company's stock, valued at $333,520.18. This represents a 65.17 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 53,625 shares of company stock valued at $5,734,145. 0.47% of the stock is owned by insiders.

BWX Technologies Stock Up 0.2 %

BWX Technologies stock traded up $0.17 during trading hours on Tuesday, hitting $104.04. The stock had a trading volume of 489,933 shares, compared to its average volume of 783,074. The stock's 50-day moving average price is $101.97 and its 200-day moving average price is $114.04. The stock has a market capitalization of $9.51 billion, a P/E ratio of 34.45, a price-to-earnings-growth ratio of 3.20 and a beta of 0.67. BWX Technologies, Inc. has a 12-month low of $84.21 and a 12-month high of $136.31. 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 (NYSE:BWXT - Get Free Report) last announced its quarterly earnings data on Monday, February 24th. The technology company reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.80 by $0.12. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The company had revenue of $746.27 million during the quarter, compared to analyst estimates of $653.16 million. Equities research analysts anticipate 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 was paid on Friday, March 28th. Investors of record on Tuesday, March 11th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a 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%.

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.