Steward Partners Investment Advisory LLC Has $4.60 Million Stock Position in BWX Technologies, Inc. (NYSE:BWXT)

Steward Partners Investment Advisory LLC increased its stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 28.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 41,267 shares of the technology company's stock after acquiring an additional 9,138 shares during the quarter. Steward Partners Investment Advisory LLC's holdings in BWX Technologies were worth $4,597,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Stone House Investment Management LLC increased its stake 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 worth $25,000 after purchasing an additional 99 shares in the last quarter. Quarry LP boosted its holdings in shares of BWX Technologies by 93.6% in the third quarter. Quarry LP now owns 271 shares of the technology company's stock worth $29,000 after buying an additional 131 shares during the period. Retirement Wealth Solutions LLC acquired a new position in shares of BWX Technologies in the fourth quarter worth about $30,000. HHM Wealth Advisors LLC increased its position in shares of BWX Technologies by 45.0% in 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 in the last quarter. Finally, Principal Securities Inc. raised its holdings 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 during the period. 94.39% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of equities analysts recently commented on BWXT shares. Bank of America raised their price objective on shares of BWX Technologies from $115.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday, November 14th. Alembic Global Advisors raised BWX Technologies from a "neutral" rating to an "overweight" rating and set a $148.00 target price for the company in a research report on Tuesday, November 12th. Maxim Group upped their price target on BWX Technologies from $138.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, January 10th. Truist Financial raised their price objective on BWX Technologies from $106.00 to $114.00 and gave the stock a "hold" rating in a research report on Tuesday, January 14th. Finally, Barclays lifted their target price on BWX Technologies from $90.00 to $105.00 and gave the company an "underweight" rating in a research note on Monday, December 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $127.50.

Insiders Place Their Bets

In other BWX Technologies news, SVP Robert L. Duffy sold 6,000 shares of the company's stock in a transaction dated 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 sale, the senior vice president now directly owns 3,206 shares in the company, valued at $333,520.18. This represents a 65.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rex D. Geveden sold 45,625 shares of the stock in a transaction that occurred on 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 directly 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 disclosure for this sale can be found here. Insiders have sold 53,625 shares of company stock valued at $5,734,145 over the last three months. 0.47% of the stock is currently owned by insiders.

BWX Technologies Stock Down 3.0 %

Shares of BWX Technologies stock traded down $3.02 during trading on Monday, hitting $96.54. 982,302 shares of the stock traded hands, compared to its average volume of 715,479. The stock has a market cap of $8.83 billion, a P/E ratio of 31.97, a PEG ratio of 3.20 and a beta of 0.69. The company has a fifty day moving average price of $111.79 and a two-hundred day moving average price of $114.50. BWX Technologies, Inc. has a twelve month low of $86.70 and a twelve month high of $136.31. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its earnings results on Monday, February 24th. The technology company reported $0.92 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $746.27 million during the quarter, compared to analysts' expectations of $653.16 million. Equities research analysts predict 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 will be paid on Friday, March 28th. Investors of record on Tuesday, March 11th will be issued a $0.25 dividend. The ex-dividend date is Tuesday, March 11th. This is a boost from BWX Technologies's previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 1.04%. BWX Technologies's dividend payout ratio is currently 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.