Oxford Asset Management LLP Takes $434,000 Position in BWX Technologies, Inc. (NYSE:BWXT)

Oxford Asset Management LLP purchased a new stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 3,893 shares of the technology company's stock, valued at approximately $434,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of BWXT. Retirement Wealth Solutions LLC acquired a new position in shares of BWX Technologies in the 4th quarter valued at about $30,000. HHM Wealth Advisors LLC raised its position in shares of BWX Technologies by 45.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company's stock valued at $32,000 after buying an additional 90 shares during the last quarter. Principal Securities Inc. increased its stake in 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. V Square Quantitative Management LLC grew its stake in BWX Technologies by 40.5% during the fourth quarter. V Square Quantitative Management LLC now owns 406 shares of the technology company's stock worth $45,000 after buying an additional 117 shares during the last quarter. Finally, UMB Bank n.a. grew its stake in BWX Technologies by 97.3% during the fourth quarter. UMB Bank n.a. now owns 507 shares of the technology company's stock worth $56,000 after buying an additional 250 shares during the last quarter. 94.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other BWX Technologies news, CEO Rex D. Geveden sold 45,625 shares of the stock in a transaction on 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 owns 218,218 shares in the company, valued at $23,436,613.20. This trade represents a 17.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Robert L. Duffy sold 6,000 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $104.03, for a total value of $624,180.00. Following the completion of the sale, the senior vice president now owns 3,206 shares in the company, valued at approximately $333,520.18. The trade was a 65.17 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 53,625 shares of company stock valued at $5,734,145. 0.47% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BWXT. Maxim Group increased their target price on shares of BWX Technologies from $138.00 to $140.00 and gave the stock a "buy" rating in a report on Friday, January 10th. Bank of America dropped their price objective 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. Seaport Res Ptn upgraded BWX Technologies to a "strong-buy" rating in a research note on Tuesday, April 1st. Finally, Truist Financial increased their price target on BWX Technologies from $106.00 to $114.00 and gave the stock a "hold" rating in a research report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $124.38.

BWX Technologies Price Performance

Shares of NYSE:BWXT traded down $0.09 during trading on Wednesday, reaching $109.15. The company had a trading volume of 647,644 shares, compared to its average volume of 785,781. 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, Inc. has a 12 month low of $84.21 and a 12 month high of $136.31. The company has a fifty day moving average of $101.36 and a two-hundred day moving average of $113.32. The stock has a market capitalization of $9.98 billion, a P/E ratio of 36.14, a price-to-earnings-growth ratio of 3.20 and a beta of 0.67.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its earnings results on Monday, February 24th. The technology company reported $0.92 earnings per share for the quarter, beating 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 business had revenue of $746.27 million during the quarter, compared to the consensus estimate of $653.16 million. Equities research analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Tuesday, March 11th were issued 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 yield of 0.92%. The ex-dividend date of this dividend was Tuesday, March 11th. BWX Technologies's dividend payout ratio (DPR) is currently 32.57%.

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.