5,034 Shares in BWX Technologies, Inc. (NYSE:BWXT) Acquired by Bridgefront Capital LLC

Bridgefront Capital LLC acquired a new position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 5,034 shares of the technology company's stock, valued at approximately $561,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in BWX Technologies by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 9,211,924 shares of the technology company's stock valued at $1,026,116,000 after acquiring an additional 202,917 shares in the last quarter. Demars Financial Group LLC increased its position in shares of BWX Technologies by 9,309.0% in the 4th quarter. Demars Financial Group LLC now owns 4,482,439 shares of the technology company's stock worth $499,299,000 after purchasing an additional 4,434,799 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of BWX Technologies by 8.5% in the 4th quarter. Franklin Resources Inc. now owns 2,315,671 shares of the technology company's stock valued at $257,943,000 after purchasing an additional 182,311 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of 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 during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in BWX Technologies by 19.8% in the fourth quarter. Bank of New York Mellon Corp now owns 1,379,779 shares of the technology company's stock worth $153,694,000 after purchasing an additional 228,413 shares in the last quarter. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

BWX Technologies Stock Performance

Shares of BWXT stock traded up $0.51 during trading hours on Friday, reaching $108.46. The stock had a trading volume of 899,871 shares, compared to its average volume of 793,907. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. The firm has a 50-day simple moving average of $102.36 and a 200-day simple moving average of $112.66. The firm has a market capitalization of $9.91 billion, a PE ratio of 35.91, a price-to-earnings-growth 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.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its quarterly 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 net margin of 10.32% and a return on equity of 31.95%. The company had revenue of $682.26 million for the quarter, compared to analyst estimates of $644.15 million. During the same quarter last year, the business earned $0.76 earnings per share. BWX Technologies's revenue was up 13.0% compared to the same quarter last year. As a group, equities analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Announces Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 0.92%. BWX Technologies's payout ratio is 31.85%.

Analyst Ratings Changes

A number of research firms have commented on BWXT. Seaport Res Ptn raised BWX Technologies to a "strong-buy" rating in a report on Tuesday, April 1st. Bank of America reduced their price objective on BWX Technologies from $160.00 to $135.00 and set a "buy" rating on the stock in a research note on Wednesday, March 26th. 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 research note on Tuesday, January 14th. Finally, Maxim Group reduced their price target on shares of BWX Technologies from $140.00 to $136.00 and set a "buy" rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $123.88.

Insider Activity

In other news, SVP Robert L. Duffy sold 6,000 shares of the company'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 value of $624,180.00. Following the completion of the sale, the senior vice president now directly owns 3,206 shares of the company's stock, valued at approximately $333,520.18. This represents a 65.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Rex D. Geveden sold 45,625 shares of the 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 completion of the transaction, the chief executive officer now owns 218,218 shares of the company's stock, valued at $23,436,613.20. This trade represents a 17.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 53,625 shares of company stock valued at $5,734,145. Company insiders own 0.47% of the company's stock.

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.