3,307 Shares in BWX Technologies, Inc. (NYSE:BWXT) Acquired by AlTi Global Inc.

AlTi Global Inc. bought a new stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,307 shares of the technology company's stock, valued at approximately $405,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Itau Unibanco Holding S.A. purchased a new stake in BWX Technologies in the 4th quarter valued at about $1,122,000. Utah Retirement Systems increased its position in shares of BWX Technologies by 2.1% during the fourth quarter. Utah Retirement Systems now owns 4,900 shares of the technology company's stock valued at $546,000 after acquiring an additional 100 shares during the last quarter. Northern Trust Corp raised its stake in shares of BWX Technologies by 13.3% in the 4th quarter. Northern Trust Corp now owns 815,089 shares of the technology company's stock valued at $90,793,000 after acquiring an additional 95,811 shares during the period. Quarry LP lifted its holdings in shares of BWX Technologies by 620.7% in the 4th quarter. Quarry LP now owns 1,953 shares of the technology company's stock worth $218,000 after acquiring an additional 1,682 shares during the last quarter. Finally, Oxford Asset Management LLP purchased a new position in shares of BWX Technologies during the 4th quarter worth approximately $434,000. 94.39% of the stock is owned by institutional investors and hedge funds.

BWX Technologies Stock Up 1.3 %

BWXT stock opened at $112.59 on Monday. The company's 50 day moving average is $101.77 and its two-hundred day moving average is $113.05. BWX Technologies, Inc. has a twelve month low of $84.21 and a twelve month high of $136.31. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. The stock has a market cap of $10.29 billion, a P/E ratio of 37.28, a PEG ratio of 3.20 and a beta of 0.66.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its quarterly earnings data on Monday, February 24th. The technology company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.12. The company had revenue of $746.27 million for the quarter, compared to analyst estimates of $653.16 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. Research analysts expect that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Tuesday, March 11th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.89%. This is a boost from BWX Technologies's previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Tuesday, March 11th. BWX Technologies's payout ratio is presently 32.57%.

Analyst Upgrades and Downgrades

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

Insider Activity at BWX Technologies

In other BWX Technologies news, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the company'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 completion of the transaction, the senior vice president now owns 9,904 shares in the company, valued at approximately $1,039,127.68. This represents a 16.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Robert L. Duffy sold 6,000 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $104.03, for a total transaction of $624,180.00. Following the completion of the sale, the senior vice president now owns 3,206 shares of the company's stock, valued at $333,520.18. This trade represents a 65.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 53,625 shares of company stock worth $5,734,145 in the last 90 days. 0.47% of the stock is owned by 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.

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