Bridgefront Capital LLC Acquires Shares of 5,034 BWX Technologies, Inc. (NYSE:BWXT)

Bridgefront Capital LLC purchased a new position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,034 shares of the technology company's stock, valued at approximately $561,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Captrust Financial Advisors grew its position in shares of BWX Technologies by 6.4% during the 4th quarter. Captrust Financial Advisors now owns 28,788 shares of the technology company's stock valued at $3,207,000 after acquiring an additional 1,722 shares during the period. Balyasny Asset Management L.P. grew its holdings in BWX Technologies by 204.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 916,323 shares of the technology company's stock valued at $102,069,000 after purchasing an additional 615,693 shares during the period. Benjamin Edwards Inc. increased its position in shares of BWX Technologies by 73.7% in the fourth quarter. Benjamin Edwards Inc. now owns 3,687 shares of the technology company's stock valued at $411,000 after buying an additional 1,564 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of BWX Technologies by 93.9% during the 4th quarter. BNP Paribas Financial Markets now owns 90,376 shares of the technology company's stock worth $10,067,000 after buying an additional 43,772 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in shares of BWX Technologies by 43.4% during the 4th quarter. Ameriprise Financial Inc. now owns 173,851 shares of the technology company's stock valued at $19,365,000 after buying an additional 52,598 shares in the last quarter. Institutional investors and hedge funds own 94.39% of the company's stock.

Insider Activity

In other BWX Technologies news, 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 value of $4,900,125.00. Following the sale, 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 sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the 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 completion of the transaction, the senior vice president now directly owns 9,904 shares in the company, valued at $1,039,127.68. This trade represents a 16.80 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 53,625 shares of company stock valued at $5,734,145. 0.47% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Maxim Group reduced their price objective on shares of BWX Technologies from $140.00 to $136.00 and set a "buy" rating for the company in a research report on Thursday. Bank of America decreased 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 note on Wednesday, March 26th. Seaport Res Ptn raised BWX Technologies to a "strong-buy" rating in a report on Tuesday, April 1st. Finally, Truist Financial lifted their price target on BWX Technologies from $106.00 to $114.00 and gave the stock a "hold" rating in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $123.88.

BWX Technologies Trading Up 0.5 %

BWX Technologies stock traded up $0.51 during midday trading on Friday, hitting $108.46. 899,871 shares of the stock were exchanged, compared to its average volume of 794,461. The stock's 50-day simple moving average is $102.36 and its 200 day simple moving average is $112.58. BWX Technologies, Inc. has a fifty-two week low of $84.21 and a fifty-two week high of $136.31. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $9.91 billion, a price-to-earnings ratio of 35.91, a PEG ratio of 3.20 and a beta of 0.66.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its earnings results on Monday, May 5th. The technology company reported $0.91 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts' expectations of $644.15 million. During the same quarter last year, the firm earned $0.76 earnings per share. The firm's quarterly revenue was up 13.0% compared to the same quarter last year. On average, equities analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS 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 given 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 dividend yield of 0.92%. BWX Technologies's dividend payout ratio is presently 31.85%.

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.