Synovus Financial Corp Has $2.04 Million Stock Position in BWX Technologies, Inc. (NYSE:BWXT)

Synovus Financial Corp lessened its stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 17.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,285 shares of the technology company's stock after selling 3,964 shares during the period. Synovus Financial Corp's holdings in BWX Technologies were worth $2,037,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of BWXT. HHM Wealth Advisors LLC boosted its holdings 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 valued at $32,000 after acquiring an additional 90 shares in the last quarter. Principal Securities Inc. grew its position in BWX Technologies by 40.4% in 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. Louisiana State Employees Retirement System lifted its position in BWX Technologies by 0.4% during the 4th quarter. Louisiana State Employees Retirement System now owns 25,400 shares of the technology company's stock worth $2,829,000 after buying an additional 100 shares in the last quarter. AdvisorNet Financial Inc boosted its holdings in BWX Technologies by 15.4% in the fourth quarter. AdvisorNet Financial Inc now owns 779 shares of the technology company's stock valued at $87,000 after acquiring an additional 104 shares during the last quarter. Finally, V Square Quantitative Management LLC lifted its stake 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 period. 94.39% of the stock is currently owned by institutional investors and hedge funds.

BWX Technologies Price Performance

Shares of NYSE BWXT traded down $2.25 during midday trading on Monday, reaching $101.46. 64,941 shares of the stock traded hands, compared to its average volume of 783,103. The company's 50 day moving average is $101.39 and its 200 day moving average is $113.86. 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 $9.27 billion, a PE ratio of 33.62, a P/E/G ratio of 3.20 and a beta of 0.67. BWX Technologies, Inc. has a one year low of $84.21 and a one year high of $136.31.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its quarterly earnings results on Monday, February 24th. The technology company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.80 by $0.12. The business had revenue of $746.27 million during 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%. On average, equities research analysts anticipate that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Increases Dividend

The business also recently declared 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 dividend yield of 0.99%. The ex-dividend date was Tuesday, March 11th. This is a boost from BWX Technologies's previous quarterly dividend of $0.24. BWX Technologies's dividend payout ratio (DPR) is currently 32.57%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Seaport Res Ptn upgraded shares of BWX Technologies to a "strong-buy" rating in a report on Tuesday, April 1st. Truist Financial upped their price objective on BWX Technologies from $106.00 to $114.00 and gave the company a "hold" rating in a research note on Tuesday, January 14th. Maxim Group increased their price target 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. Finally, Bank of America lowered their price objective on BWX Technologies from $160.00 to $135.00 and set a "buy" rating on the stock in a research note on Wednesday, March 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $124.38.

Insider Buying and Selling

In related news, CEO Rex D. Geveden sold 45,625 shares of the company's 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 sale, the chief executive officer now owns 218,218 shares in the company, valued at $23,436,613.20. This represents a 17.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Robert L. Duffy sold 6,000 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $104.03, for a total transaction of $624,180.00. Following 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 disclosure for this sale can be found here. Over the last three months, insiders sold 53,625 shares of company stock worth $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.