Barclays PLC Increases Position in BWX Technologies, Inc. (NYSE:BWXT)

Barclays PLC grew its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 233.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 214,973 shares of the technology company's stock after acquiring an additional 150,448 shares during the period. Barclays PLC owned about 0.24% of BWX Technologies worth $23,947,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of BWXT. Philadelphia Trust Co. increased its holdings in BWX Technologies by 0.6% in the fourth quarter. Philadelphia Trust Co. now owns 179,461 shares of the technology company's stock valued at $19,990,000 after purchasing an additional 1,041 shares during the period. Rockefeller Capital Management L.P. increased its stake in shares of BWX Technologies by 8.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 21,527 shares of the technology company's stock valued at $2,398,000 after buying an additional 1,636 shares during the period. Sterling Capital Management LLC raised its position in shares of BWX Technologies by 48.2% during the fourth quarter. Sterling Capital Management LLC now owns 4,601 shares of the technology company's stock worth $513,000 after acquiring an additional 1,496 shares during the last quarter. Treasurer of the State of North Carolina lifted its stake in shares of BWX Technologies by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 40,085 shares of the technology company's stock worth $4,465,000 after acquiring an additional 250 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in BWX Technologies by 41.1% in the fourth quarter. Renaissance Technologies LLC now owns 187,900 shares of the technology company's stock valued at $20,930,000 after acquiring an additional 54,700 shares during the last quarter. Institutional investors and hedge funds own 94.39% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on BWXT shares. Seaport Res Ptn upgraded shares of BWX Technologies to a "strong-buy" rating in a research report on Tuesday, April 1st. Truist Financial boosted their target price on shares of BWX Technologies from $106.00 to $114.00 and gave the company a "hold" rating in a report on Tuesday, January 14th. Maxim Group increased their price target on BWX Technologies from $138.00 to $140.00 and gave the stock a "buy" rating in a report on Friday, January 10th. Finally, Bank of America lowered their price objective 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. 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 stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $124.38.

BWX Technologies Stock Up 0.4 %

NYSE:BWXT traded up $0.46 on Friday, hitting $108.39. The stock had a trading volume of 131,735 shares, compared to its average volume of 1,004,064. The company has a market cap of $9.91 billion, a PE ratio of 35.89, a P/E/G ratio of 3.20 and a beta of 0.67. BWX Technologies, Inc. has a 52 week low of $84.21 and a 52 week high of $136.31. The business's fifty day moving average is $101.05 and its 200 day moving average is $113.54. 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 issued its earnings results on Monday, February 24th. The technology company reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.80 by $0.12. The company had revenue of $746.27 million for the quarter, compared to analysts' expectations of $653.16 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. On average, equities research analysts expect that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Increases Dividend

The firm 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 represents a $1.00 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date was Tuesday, March 11th. This is a positive change from BWX Technologies's previous quarterly dividend of $0.24. BWX Technologies's dividend payout ratio is currently 32.57%.

Insider Activity at BWX Technologies

In other news, CEO Rex D. Geveden sold 45,625 shares of the firm's stock in a transaction that occurred 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 transaction, 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 Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Robert L. Duffy sold 6,000 shares of BWX Technologies stock in a transaction that occurred on Wednesday, March 5th. The shares were 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 53,625 shares of company stock valued at $5,734,145. 0.47% of the stock is owned by corporate insiders.

About BWX Technologies

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.