VELA Investment Management LLC Sells 10,908 Shares of BWX Technologies, Inc. (NYSE:BWXT)

VELA Investment Management LLC reduced its position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 39.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,423 shares of the technology company's stock after selling 10,908 shares during the period. VELA Investment Management LLC's holdings in BWX Technologies were worth $1,829,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Stone House Investment Management LLC grew its stake in shares of BWX Technologies by 76.2% in the third 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 during the last quarter. Retirement Wealth Solutions LLC bought a new stake in BWX Technologies in the fourth quarter valued at approximately $30,000. Quarry LP increased its position in BWX Technologies by 93.6% during the 3rd quarter. Quarry LP now owns 271 shares of the technology company's stock valued at $29,000 after purchasing an additional 131 shares during the period. HHM Wealth Advisors LLC raised its holdings in BWX Technologies by 45.0% during the 4th quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company's stock worth $32,000 after purchasing an additional 90 shares during the last quarter. Finally, Principal Securities Inc. lifted its position in shares of BWX Technologies by 40.4% in the 4th quarter. Principal Securities Inc. now owns 316 shares of the technology company's stock worth $35,000 after purchasing an additional 91 shares during the period. Institutional investors and hedge funds own 94.39% of the company's stock.

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Wall Street Analyst Weigh In

BWXT has been the topic of a number of research analyst reports. Truist Financial upped 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 lifted their target price on BWX Technologies from $90.00 to $105.00 and gave the stock an "underweight" rating in a report on Monday, December 16th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of BWX Technologies from $129.00 to $130.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. Maxim Group boosted their target price on shares of BWX Technologies from $138.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, January 10th. Finally, Bank of America raised their price target on shares of BWX Technologies from $115.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $127.50.

BWX Technologies Stock Down 0.3 %

Shares of NYSE BWXT traded down $0.27 during trading on Tuesday, hitting $101.23. The stock had a trading volume of 904,689 shares, compared to its average volume of 710,844. The firm has a fifty day moving average of $112.72 and a two-hundred day moving average of $114.45. The company has a market capitalization of $9.26 billion, a PE ratio of 33.51, a PEG ratio of 3.20 and a beta of 0.73. 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 $86.70 and a 12 month high of $136.31.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its quarterly earnings data 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 firm 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%. As a group, equities research analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Tuesday, March 11th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.99%. This is a boost from BWX Technologies's previous quarterly dividend of $0.24. The ex-dividend date is Tuesday, March 11th. BWX Technologies's payout ratio is presently 32.57%.

Insider Activity

In related news, CEO Rex D. Geveden sold 45,625 shares of the firm's 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 transaction, the chief executive officer now directly owns 218,218 shares of the company's stock, valued at approximately $23,436,613.20. This trade represents a 17.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the business's 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 sale, the senior vice president now directly owns 9,904 shares in the company, valued at $1,039,127.68. The trade was a 16.80 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.47% of the company's stock.

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.