Zacks Investment Management Takes Position in BWX Technologies, Inc. (NYSE:BWXT)

Zacks Investment Management bought a new stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,522 shares of the technology company's stock, valued at approximately $392,000.

Several other institutional investors also recently bought and sold shares of the company. Morse Asset Management Inc acquired a new stake in shares of BWX Technologies in the 3rd quarter worth $92,000. Barclays PLC raised its stake in BWX Technologies by 59.8% in the third quarter. Barclays PLC now owns 64,525 shares of the technology company's stock valued at $7,014,000 after buying an additional 24,149 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of BWX Technologies during the third quarter worth about $529,000. Fulcrum Equity Management increased its holdings in shares of BWX Technologies by 4.0% during the third quarter. Fulcrum Equity Management now owns 3,337 shares of the technology company's stock valued at $363,000 after acquiring an additional 127 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of BWX Technologies in the 3rd quarter valued at approximately $230,000. 94.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Seaport Res Ptn raised shares of BWX Technologies to a "strong-buy" rating in a report on Tuesday, April 1st. Maxim Group increased their price objective on BWX Technologies from $138.00 to $140.00 and gave the company a "buy" rating in a report on Friday, January 10th. Truist Financial lifted their target price on BWX Technologies from $106.00 to $114.00 and gave the stock a "hold" rating in a report on Tuesday, January 14th. Finally, Bank of America decreased their price objective on shares of BWX Technologies from $160.00 to $135.00 and set a "buy" rating for the company in a research note on Wednesday, March 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $124.38.

BWX Technologies Price Performance

NYSE:BWXT traded up $3.27 during trading hours on Thursday, hitting $107.91. 594,926 shares of the stock were exchanged, compared to its average volume of 784,810. The firm's fifty day moving average price is $101.03 and its 200 day moving average price is $113.60. BWX Technologies, Inc. has a 52-week low of $84.21 and a 52-week high of $136.31. The company has a market cap of $9.86 billion, a P/E ratio of 35.73, a P/E/G ratio of 3.20 and a beta of 0.67. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its quarterly earnings results on Monday, February 24th. The technology company reported $0.92 earnings per share for the quarter, topping 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 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 anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal 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 0.93%. 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%.

Insider Buying and Selling

In related news, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the company's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $104.92, for a total value of $209,840.00. Following the completion of the sale, the senior vice president now owns 9,904 shares of the company's stock, valued at approximately $1,039,127.68. This represents a 16.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Rex D. Geveden sold 45,625 shares of the business's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $107.40, for a total transaction of $4,900,125.00. Following the completion of the transaction, the chief executive officer now owns 218,218 shares in the company, valued at $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. Over the last 90 days, insiders have sold 53,625 shares of company stock worth $5,734,145. 0.47% of the stock is owned by corporate insiders.

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.