BNP Paribas Financial Markets Purchases 43,772 Shares of BWX Technologies, Inc. (NYSE:BWXT)

BNP Paribas Financial Markets increased its stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 93.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 90,376 shares of the technology company's stock after buying an additional 43,772 shares during the period. BNP Paribas Financial Markets owned about 0.10% of BWX Technologies worth $10,067,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Retirement Wealth Solutions LLC purchased a new stake in BWX Technologies during the fourth quarter worth about $30,000. HHM Wealth Advisors LLC increased its holdings in BWX Technologies by 45.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company's stock worth $32,000 after buying an additional 90 shares during the last quarter. Principal Securities Inc. increased its holdings 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 buying an additional 91 shares during the last quarter. V Square Quantitative Management LLC increased its holdings 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. increased its holdings 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. Hedge funds and other institutional investors own 94.39% of the company's stock.

Analyst Upgrades and Downgrades

BWXT has been the subject of a number of research analyst reports. Maxim Group decreased their price objective on shares of BWX Technologies from $140.00 to $136.00 and set a "buy" rating for the company in a report on Thursday. 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 note on Tuesday, January 14th. Bank of America lowered their price target on shares of BWX Technologies from $160.00 to $135.00 and set a "buy" rating on the stock in a research report 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 investment analyst has rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $123.88.

Insider Activity at BWX Technologies

In related news, SVP Robert L. Duffy sold 6,000 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $104.03, for a total transaction of $624,180.00. Following the completion of the transaction, the senior vice president now owns 3,206 shares of the company's stock, valued at approximately $333,520.18. The trade was a 65.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rex D. Geveden sold 45,625 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $107.40, for a total transaction of $4,900,125.00. Following the transaction, the chief executive officer now directly owns 218,218 shares of the company's stock, valued at approximately $23,436,613.20. This represents a 17.29% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 53,625 shares of company stock valued at $5,734,145. Corporate insiders own 0.47% of the company's stock.

BWX Technologies Stock Performance

NYSE BWXT opened at $108.46 on Monday. The company's 50 day moving average is $102.36 and its 200-day moving average is $112.52. BWX Technologies, Inc. has a 12-month low of $84.21 and a 12-month high of $136.31. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15. The firm has a market cap of $9.91 billion, a P/E ratio of 35.91, a price-to-earnings-growth ratio of 3.20 and a beta of 0.66.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The technology company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.18. The company had revenue of $682.26 million for the quarter, compared to analyst estimates 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 quarter in the previous year, the firm posted $0.76 earnings per share. Sell-side analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, May 19th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.00 annualized dividend and a yield of 0.92%. BWX Technologies's dividend payout ratio is currently 31.85%.

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.

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