Snyder Capital Management L P Has $208.88 Million Stake in BWX Technologies, Inc. (NYSE:BWXT)

Snyder Capital Management L P lessened its stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 1.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,875,217 shares of the technology company's stock after selling 22,355 shares during the period. BWX Technologies comprises approximately 4.4% of Snyder Capital Management L P's portfolio, making the stock its 2nd largest position. Snyder Capital Management L P owned 2.05% of BWX Technologies worth $208,880,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of BWXT. Retirement Wealth Solutions LLC purchased a new stake in shares of BWX Technologies during the 4th quarter worth $30,000. HHM Wealth Advisors LLC lifted its position in 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 acquiring an additional 90 shares during the last quarter. Principal Securities Inc. boosted its stake in BWX Technologies by 40.4% in the fourth quarter. Principal Securities Inc. now owns 316 shares of the technology company's stock valued at $35,000 after acquiring an additional 91 shares in the last quarter. V Square Quantitative Management LLC increased its position in shares of 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 purchasing an additional 117 shares in the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of BWX Technologies by 97.3% in the 4th quarter. UMB Bank n.a. now owns 507 shares of the technology company's stock valued at $56,000 after purchasing an additional 250 shares during the last quarter. Institutional investors and hedge funds own 94.39% of the company's stock.

Analysts Set New Price Targets

BWXT has been the topic of a number of research reports. Maxim Group raised their price target on BWX Technologies from $138.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. Seaport Res Ptn upgraded BWX Technologies to a "strong-buy" rating in a research note on Tuesday, April 1st. Truist Financial raised 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. Finally, Bank of America dropped their price target 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $124.38.

Insider Activity at BWX Technologies

In related news, CEO Rex D. Geveden sold 45,625 shares of the firm'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 value of $4,900,125.00. Following the transaction, the chief executive officer now owns 218,218 shares in the company, valued at approximately $23,436,613.20. This trade represents a 17.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 transaction of $624,180.00. Following the sale, the senior vice president now owns 3,206 shares in the company, valued at $333,520.18. This represents a 65.17 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 53,625 shares of company stock worth $5,734,145. 0.47% of the stock is currently owned by insiders.

BWX Technologies Price Performance

Shares of BWX Technologies stock traded down $1.43 during trading on Wednesday, reaching $107.81. The company's stock had a trading volume of 169,865 shares, compared to its average volume of 783,004. 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, Inc. has a 12-month low of $84.21 and a 12-month high of $136.31. The company has a market capitalization of $9.85 billion, a P/E ratio of 35.70, a price-to-earnings-growth ratio of 3.20 and a beta of 0.67. The business has a 50 day moving average price of $101.21 and a 200-day moving average price of $113.34.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its quarterly earnings results on Monday, February 24th. The technology company reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.80 by $0.12. The firm had revenue of $746.27 million for the quarter, compared to the consensus estimate of $653.16 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. As a group, sell-side analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current 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 paid a $0.25 dividend. This is a positive change from BWX Technologies's previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend was Tuesday, March 11th. BWX Technologies's dividend payout ratio is presently 32.57%.

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.