2,625 Shares in BWX Technologies, Inc. (NYSE:BWXT) Bought by Absolute Gestao de Investimentos Ltda.

Absolute Gestao de Investimentos Ltda. acquired 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 13F filing with the Securities and Exchange Commission. The fund acquired 2,625 shares of the technology company's stock, valued at approximately $292,000.

A number of other institutional investors have also recently added to or reduced their stakes in BWXT. Demars Financial Group LLC raised its stake in BWX Technologies by 9,309.0% during the 4th quarter. Demars Financial Group LLC now owns 4,482,439 shares of the technology company's stock valued at $499,299,000 after acquiring an additional 4,434,799 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of BWX Technologies during the 4th quarter worth about $69,730,000. Stephens Investment Management Group LLC bought a new position in shares of BWX Technologies in the fourth quarter valued at approximately $50,054,000. Van ECK Associates Corp raised its holdings in BWX Technologies by 46.7% during the fourth 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 in the last quarter. Finally, Blair William & Co. IL boosted its stake in BWX Technologies by 949.0% during the 4th quarter. Blair William & Co. IL now owns 424,821 shares of the technology company's stock valued at $47,321,000 after purchasing an additional 384,323 shares in the last quarter. 94.39% of the stock is currently owned by institutional investors.

Insider Activity at BWX Technologies

In related news, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of BWX Technologies stock in a transaction dated Thursday, February 27th. The stock was 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 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Robert L. Duffy sold 6,000 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $104.03, for a total transaction of $624,180.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 53,625 shares of company stock valued at $5,734,145 over the last ninety days. 0.47% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

BWX Technologies Stock Performance

BWX Technologies stock traded down $0.28 on Wednesday, reaching $107.85. 835,761 shares of the stock were exchanged, compared to its average volume of 796,468. The stock has a market cap of $9.86 billion, a PE ratio of 35.71, a PEG ratio of 3.20 and a beta of 0.66. BWX Technologies, Inc. has a twelve month low of $84.21 and a twelve month high of $136.31. The firm has a fifty day moving average price of $102.00 and a two-hundred day moving average price of $112.92. 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 issued its quarterly earnings data on Monday, May 5th. The technology company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.18. The firm had revenue of $682.26 million for the quarter, compared to analysts' expectations of $644.15 million. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The company's quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.76 earnings per share. Sell-side analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Monday, May 19th will be paid a $0.25 dividend. The ex-dividend date is Monday, May 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.93%. BWX Technologies's dividend payout ratio (DPR) is presently 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.