AQR Capital Management LLC Sells 32,237 Shares of BWX Technologies, Inc. (NYSE:BWXT)

AQR Capital Management LLC reduced its position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 22.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 113,187 shares of the technology company's stock after selling 32,237 shares during the quarter. AQR Capital Management LLC owned about 0.12% of BWX Technologies worth $12,608,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Retirement Wealth Solutions LLC purchased a new position in shares of BWX Technologies in the 4th quarter worth $30,000. HHM Wealth Advisors LLC grew its position in BWX Technologies by 45.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company's stock worth $32,000 after acquiring an additional 90 shares in the last quarter. Principal Securities Inc. increased its stake in BWX Technologies by 40.4% during the fourth quarter. Principal Securities Inc. now owns 316 shares of the technology company's stock worth $35,000 after acquiring an additional 91 shares during the last quarter. V Square Quantitative Management LLC raised its position 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 valued at $45,000 after purchasing an additional 117 shares during the period. Finally, UMB Bank n.a. lifted its stake in shares of BWX Technologies by 97.3% in the 4th quarter. UMB Bank n.a. now owns 507 shares of the technology company's stock valued at $56,000 after purchasing an additional 250 shares during the last quarter. 94.39% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other BWX Technologies news, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of BWX Technologies stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $104.92, for a total value of $209,840.00. Following the transaction, the senior vice president now directly owns 9,904 shares of the company's stock, valued at approximately $1,039,127.68. The trade was a 16.80 % decrease in their ownership of the stock. The transaction 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 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 transaction, the senior vice president now directly 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 a total of 53,625 shares of company stock worth $5,734,145 over the last 90 days. Company insiders own 0.47% of the company's stock.

Analysts Set New Price Targets

BWXT has been the topic of several analyst reports. Maxim Group boosted their target price on BWX Technologies from $138.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, January 10th. Truist Financial increased their target price 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. Bank of America dropped their price target 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. Finally, Seaport Res Ptn raised shares of BWX Technologies to a "strong-buy" rating in a research report on Tuesday, April 1st. 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $124.38.

BWX Technologies Trading Down 0.4 %

Shares of NYSE BWXT opened at $112.18 on Tuesday. BWX Technologies, Inc. has a twelve month low of $84.21 and a twelve month high of $136.31. The firm has a market cap of $10.25 billion, a PE ratio of 37.15, a price-to-earnings-growth ratio of 3.20 and a beta of 0.66. The business has a fifty day simple moving average of $101.87 and a two-hundred day simple moving average of $112.96. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15.

BWX Technologies (NYSE:BWXT - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The technology company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.18. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The firm had revenue of $682.26 million during the quarter, compared to the consensus estimate of $644.15 million. During the same period in the previous year, the company posted $0.76 earnings per share. The firm's quarterly revenue was up 13.0% on a year-over-year basis. 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 disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Tuesday, March 11th were paid a $0.25 dividend. This is an increase from BWX Technologies's previous quarterly dividend of $0.24. The ex-dividend date was Tuesday, March 11th. This represents a $1.00 dividend on an annualized basis and a yield of 0.89%. BWX Technologies's payout ratio is 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.

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