Trexquant Investment LP Raises Position in BWX Technologies, Inc. (NYSE:BWXT)

Trexquant Investment LP lifted its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 172.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,624 shares of the technology company's stock after purchasing an additional 47,900 shares during the quarter. Trexquant Investment LP owned 0.08% of BWX Technologies worth $8,424,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Franklin Resources Inc. grew its position in BWX Technologies by 8.5% in the fourth quarter. Franklin Resources Inc. now owns 2,315,671 shares of the technology company's stock worth $257,943,000 after acquiring an additional 182,311 shares in the last quarter. Cannell & Spears LLC purchased a new position in shares of BWX Technologies in the 4th quarter worth about $201,000. Meeder Asset Management Inc. boosted its holdings in shares of BWX Technologies by 38.2% in the 4th quarter. Meeder Asset Management Inc. now owns 39,683 shares of the technology company's stock worth $4,420,000 after purchasing an additional 10,970 shares in the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of BWX Technologies by 14.5% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 4,437 shares of the technology company's stock valued at $494,000 after purchasing an additional 561 shares during the last quarter. Finally, Clearbridge Investments LLC raised its holdings in shares of BWX Technologies by 1.4% during the 4th quarter. Clearbridge Investments LLC now owns 899,013 shares of the technology company's stock valued at $100,141,000 after buying an additional 12,196 shares in the last quarter. 94.39% of the stock is currently owned by institutional investors.

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Insiders Place Their Bets

In related news, SVP Robert L. Duffy sold 6,000 shares of the 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 completion of the transaction, the senior vice president now directly owns 3,206 shares in the company, valued at $333,520.18. This trade represents a 65.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of BWX Technologies 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 of the company's stock, valued at approximately $1,039,127.68. This trade represents a 16.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 53,625 shares of company stock worth $5,734,145 over the last three months. Company insiders own 0.47% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on BWXT shares. Truist Financial increased their price target 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. Barclays increased their target price on shares of BWX Technologies from $90.00 to $105.00 and gave the company an "underweight" rating in a report on Monday, December 16th. Maxim Group boosted their price target on shares of BWX Technologies from $138.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. Seaport Res Ptn raised BWX Technologies to a "strong-buy" rating in a research note on Tuesday, April 1st. Finally, Bank of America decreased their price objective on BWX Technologies from $160.00 to $135.00 and set a "buy" rating on the stock in a report on Wednesday, March 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, BWX Technologies presently has an average rating of "Moderate Buy" and an average target price of $124.38.

BWX Technologies Trading Up 12.1 %

NYSE:BWXT traded up $11.23 during mid-day trading on Wednesday, reaching $104.40. 2,109,589 shares of the company's stock traded hands, compared to its average volume of 782,746. The company has a 50 day moving average price of $102.71 and a 200-day moving average price of $114.15. The firm has a market capitalization of $9.54 billion, a price-to-earnings ratio of 34.57, a PEG ratio of 3.20 and a beta of 0.67. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. BWX Technologies, Inc. has a 12-month low of $84.21 and a 12-month high of $136.31.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its earnings results on Monday, February 24th. The technology company reported $0.92 EPS for the quarter, beating analysts' consensus estimates of $0.80 by $0.12. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The company had revenue of $746.27 million during the quarter, compared to the consensus estimate of $653.16 million. On average, sell-side analysts predict 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 paid a $0.25 dividend. This is an increase from BWX Technologies's previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date was Tuesday, March 11th. BWX Technologies's dividend payout ratio 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.