Virtu Financial LLC Raises Stock Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Virtu Financial LLC grew its stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 371.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,946 shares of the technology company's stock after buying an additional 18,075 shares during the quarter. Virtu Financial LLC's holdings in BWX Technologies were worth $2,556,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Stone House Investment Management LLC boosted its stake in shares of BWX Technologies by 76.2% during the third quarter. Stone House Investment Management LLC now owns 229 shares of the technology company's stock valued at $25,000 after purchasing an additional 99 shares during the period. Quarry LP raised its holdings 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 buying an additional 131 shares during the last quarter. Retirement Wealth Solutions LLC purchased a new stake in BWX Technologies during the 4th quarter valued at $30,000. HHM Wealth Advisors LLC grew its holdings in BWX Technologies by 45.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company's stock worth $32,000 after acquiring an additional 90 shares during the last quarter. Finally, Principal Securities Inc. increased its position in shares of 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. Hedge funds and other institutional investors own 94.39% of the company's stock.

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Analyst Ratings Changes

Several research firms recently issued reports on BWXT. Maxim Group raised their target price on BWX Technologies from $138.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. Barclays lifted their price objective on BWX Technologies from $90.00 to $105.00 and gave the stock an "underweight" rating in a research report on Monday, December 16th. Finally, Truist Financial upped their target price on BWX Technologies from $106.00 to $114.00 and gave the company a "hold" rating in a report on Tuesday, January 14th. One investment 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. According to data from MarketBeat, BWX Technologies has an average rating of "Moderate Buy" and an average price target of $127.50.

Insider Buying and Selling

In other news, SVP Robert L. Duffy sold 6,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $104.03, for a total transaction of $624,180.00. Following the sale, the senior vice president now 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 filing with the SEC, which is available through the SEC website. Also, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $104.92, for a total transaction of $209,840.00. Following the completion of the transaction, the senior vice president now owns 9,904 shares of the company's stock, valued at approximately $1,039,127.68. The trade was a 16.80 % 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 worth $5,734,145 in the last 90 days. Insiders own 0.47% of the company's stock.

BWX Technologies Stock Up 0.7 %

BWXT stock traded up $0.77 during midday trading on Tuesday, hitting $104.85. The stock had a trading volume of 290,425 shares, compared to its average volume of 732,713. The business has a 50-day moving average of $108.68 and a two-hundred day moving average of $114.37. 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 firm has a market cap of $9.58 billion, a price-to-earnings ratio of 34.72, 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.

BWX Technologies (NYSE:BWXT - Get Free Report) last released its earnings results on Monday, February 24th. The technology company reported $0.92 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $653.16 million. As a group, equities research analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Tuesday, March 11th will be given a $0.25 dividend. 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 dividend yield of 0.95%. The ex-dividend date of this dividend is Tuesday, March 11th. BWX Technologies's payout ratio is currently 32.57%.

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.