Boothbay Fund Management LLC Sells 3,765 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Boothbay Fund Management LLC decreased its holdings in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 41.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,333 shares of the technology company's stock after selling 3,765 shares during the period. Boothbay Fund Management LLC's holdings in BWX Technologies were worth $594,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. HHM Wealth Advisors LLC grew its position in shares of BWX Technologies by 45.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company's stock valued at $32,000 after purchasing an additional 90 shares during the last quarter. Principal Securities Inc. boosted its stake in BWX Technologies by 40.4% in the 4th quarter. Principal Securities Inc. now owns 316 shares of the technology company's stock valued at $35,000 after purchasing an additional 91 shares during the period. Louisiana State Employees Retirement System increased its position in BWX Technologies by 0.4% during the 4th quarter. Louisiana State Employees Retirement System now owns 25,400 shares of the technology company's stock worth $2,829,000 after buying an additional 100 shares during the period. AdvisorNet Financial Inc lifted its holdings in shares of BWX Technologies by 15.4% during the fourth quarter. AdvisorNet Financial Inc now owns 779 shares of the technology company's stock worth $87,000 after buying an additional 104 shares in the last quarter. Finally, V Square Quantitative Management LLC boosted its position in shares of BWX Technologies by 40.5% in the fourth quarter. V Square Quantitative Management LLC now owns 406 shares of the technology company's stock valued at $45,000 after acquiring an additional 117 shares during the period. Institutional investors own 94.39% of the company's stock.

BWX Technologies Trading Down 6.5 %

Shares of NYSE:BWXT traded down $7.33 during mid-day trading on Tuesday, reaching $104.68. 553,469 shares of the company's stock were exchanged, compared to its average volume of 789,031. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25. BWX Technologies, Inc. has a twelve month low of $84.21 and a twelve month high of $136.31. The business's fifty day moving average price is $101.87 and its 200-day moving average price is $112.96. The firm has a market capitalization of $9.57 billion, a price-to-earnings ratio of 34.68, a PEG ratio of 3.20 and a beta of 0.66.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its earnings results on Monday, May 5th. The technology company reported $0.91 EPS 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 company had revenue of $682.26 million for the quarter, compared to analyst estimates of $644.15 million. During the same quarter in the prior year, the company earned $0.76 EPS. The firm's revenue for the quarter was up 13.0% compared to the same quarter last year. On average, research analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Tuesday, March 11th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend was Tuesday, March 11th. This is a positive change from BWX Technologies's previous quarterly dividend of $0.24. BWX Technologies's payout ratio is 32.57%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Bank of America decreased their target price 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. Truist Financial raised 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. Seaport Res Ptn raised shares of BWX Technologies to a "strong-buy" rating in a report on Tuesday, April 1st. Finally, Maxim Group increased their price target on shares of BWX Technologies from $138.00 to $140.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $124.38.

Insider Buying and Selling

In other news, SVP Robert L. Duffy sold 6,000 shares of BWX Technologies stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $104.03, for a total transaction of $624,180.00. Following the sale, the senior vice president now directly owns 3,206 shares in the company, valued at $333,520.18. The trade was a 65.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Rex D. Geveden sold 45,625 shares of BWX Technologies stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $107.40, for a total transaction of $4,900,125.00. Following the completion of the sale, the chief executive officer now directly owns 218,218 shares in the company, valued at $23,436,613.20. This trade represents a 17.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 53,625 shares of company stock worth $5,734,145 in the last quarter. Insiders own 0.47% of the company's stock.

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.