Sequoia Financial Advisors LLC Grows Stock Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Sequoia Financial Advisors LLC grew its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 9.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,606 shares of the technology company's stock after purchasing an additional 3,443 shares during the quarter. Sequoia Financial Advisors LLC's holdings in BWX Technologies were worth $4,412,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in BWXT. FMR LLC boosted its stake in shares of BWX Technologies by 22.3% in the third quarter. FMR LLC now owns 1,754,567 shares of the technology company's stock worth $190,721,000 after acquiring an additional 320,217 shares during the period. Geode Capital Management LLC increased its stake in BWX Technologies by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,682,563 shares of the technology company's stock worth $182,938,000 after acquiring an additional 26,130 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of BWX Technologies by 46.7% during the 4th quarter. Van ECK Associates Corp now owns 1,408,736 shares of the technology company's stock worth $156,919,000 after acquiring an additional 448,467 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of BWX Technologies by 19.8% during the 4th quarter. Bank of New York Mellon Corp now owns 1,379,779 shares of the technology company's stock valued at $153,694,000 after acquiring an additional 228,413 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in shares of BWX Technologies by 29.1% in the third quarter. Thrivent Financial for Lutherans now owns 746,145 shares of the technology company's stock valued at $81,105,000 after purchasing an additional 168,077 shares in the last quarter. 94.39% of the stock is currently owned by institutional investors.

Remove Ads

BWX Technologies Trading Up 1.6 %

BWX Technologies stock traded up $1.58 during midday trading on Monday, reaching $99.85. The stock had a trading volume of 1,434,356 shares, compared to its average volume of 974,593. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15. The firm has a market cap of $9.13 billion, a price-to-earnings ratio of 33.06, a price-to-earnings-growth ratio of 3.20 and a beta of 0.69. BWX Technologies, Inc. has a 52-week low of $86.70 and a 52-week high of $136.31. The company has a fifty day moving average of $110.33 and a 200 day moving average of $114.36.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its quarterly earnings results on Monday, February 24th. The technology company reported $0.92 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $653.16 million. On average, analysts anticipate that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Increases Dividend

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

Wall Street Analyst Weigh In

BWXT has been the topic of a number of recent research reports. 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 research note on Friday, January 10th. Truist Financial upped their target price 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. Finally, Barclays lifted their price target on BWX Technologies from $90.00 to $105.00 and gave the stock an "underweight" rating in a research report on Monday, December 16th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $127.50.

Insider Activity

In related news, CEO Rex D. Geveden sold 45,625 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 218,218 shares of the company's stock, valued at $23,436,613.20. This 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 the SEC website. Also, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the firm's 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 transaction, the senior vice president now directly owns 9,904 shares in the company, valued at $1,039,127.68. This trade represents a 16.80 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 53,625 shares of company stock valued at $5,734,145. 0.47% of the stock is currently owned by company insiders.

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.