BWX Technologies, Inc. (NYSE:BWXT) Stake Lessened by Wellington Management Group LLP

Wellington Management Group LLP trimmed its holdings in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 34.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,938,303 shares of the technology company's stock after selling 1,031,699 shares during the period. Wellington Management Group LLP owned 2.12% of BWX Technologies worth $215,908,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in BWXT. Raymond James Financial Inc. acquired a new stake in shares of BWX Technologies during the fourth quarter valued at $69,730,000. Stephens Investment Management Group LLC acquired a new stake in shares of BWX Technologies during the 4th quarter worth about $50,054,000. Van ECK Associates Corp boosted its stake in shares of BWX Technologies by 46.7% during the 4th quarter. Van ECK Associates Corp now owns 1,408,736 shares of the technology company's stock worth $156,919,000 after purchasing an additional 448,467 shares during the last quarter. Blair William & Co. IL grew its holdings in shares of BWX Technologies by 949.0% during the fourth quarter. Blair William & Co. IL now owns 424,821 shares of the technology company's stock worth $47,321,000 after buying an additional 384,323 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of BWX Technologies by 137.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 471,260 shares of the technology company's stock valued at $52,494,000 after buying an additional 273,030 shares during the last quarter. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

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BWX Technologies Trading Up 0.7 %

BWXT stock traded up $0.60 during midday trading on Monday, reaching $89.84. 1,484,395 shares of the company's stock traded hands, compared to its average volume of 770,922. 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 fifty-two week low of $84.21 and a fifty-two week high of $136.31. The business has a 50-day moving average price of $103.86 and a two-hundred day moving average price of $114.44. The company has a market capitalization of $8.21 billion, a P/E ratio of 29.75, a PEG ratio of 3.20 and a beta of 0.67.

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 for the quarter, beating the consensus estimate of $0.80 by $0.12. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The business had revenue of $746.27 million for the quarter, compared to analyst estimates of $653.16 million. 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 was paid on Friday, March 28th. Stockholders of record on Tuesday, March 11th were paid a $0.25 dividend. The ex-dividend date was Tuesday, March 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.11%. This is a positive change from BWX Technologies's previous quarterly dividend of $0.24. BWX Technologies's dividend payout ratio (DPR) is 32.57%.

Insider Activity at BWX Technologies

In other news, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the firm's stock in a transaction dated 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 sale, the senior vice president now directly owns 9,904 shares in the company, valued at $1,039,127.68. This trade represents a 16.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Rex D. Geveden sold 45,625 shares of BWX Technologies stock in a transaction dated 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 directly owns 218,218 shares in the company, valued at approximately $23,436,613.20. The trade was a 17.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 53,625 shares of company stock worth $5,734,145. 0.47% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have commented on BWXT shares. Barclays lifted their target price on shares of BWX Technologies from $90.00 to $105.00 and gave the stock an "underweight" rating in a research note on Monday, December 16th. Seaport Res Ptn upgraded BWX Technologies to a "strong-buy" rating in a research note on Tuesday, April 1st. Bank of America decreased their price target 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. Truist Financial upped their price objective on shares of BWX Technologies from $106.00 to $114.00 and gave the company a "hold" rating in a research note on Tuesday, January 14th. Finally, Maxim Group raised their target price on shares of BWX Technologies from $138.00 to $140.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $124.38.

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.