Balyasny Asset Management L.P. Boosts Stake in BWX Technologies, Inc. (NYSE:BWXT)

Balyasny Asset Management L.P. lifted its position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 204.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 916,323 shares of the technology company's stock after acquiring an additional 615,693 shares during the period. Balyasny Asset Management L.P. owned 1.00% of BWX Technologies worth $102,069,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BWXT. Retirement Wealth Solutions LLC purchased a new stake in BWX Technologies during the 4th quarter valued at about $30,000. HHM Wealth Advisors LLC boosted 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 buying an additional 90 shares during the last quarter. Principal Securities Inc. increased its holdings in BWX Technologies by 40.4% in the 4th 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 period. V Square Quantitative Management LLC raised its position in BWX Technologies by 40.5% during the 4th 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. lifted its stake in BWX Technologies by 97.3% during the 4th quarter. UMB Bank n.a. now owns 507 shares of the technology company's stock valued at $56,000 after acquiring an additional 250 shares during the period. Hedge funds and other institutional investors own 94.39% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Seaport Res Ptn upgraded shares of BWX Technologies to a "strong-buy" rating in a research note on Tuesday, April 1st. Truist Financial lifted their price objective on BWX Technologies from $106.00 to $114.00 and gave the company a "hold" rating in a research note on Tuesday, January 14th. Maxim Group upped their target price on BWX Technologies from $138.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. Finally, Bank of America dropped their target price on BWX Technologies from $160.00 to $135.00 and set a "buy" rating on the stock in a report on Wednesday, March 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $124.38.

BWX Technologies Price Performance

BWXT traded down $3.69 during midday trading on Tuesday, hitting $108.32. 2,336,055 shares of the company traded hands, compared to its average volume of 796,311. The business has a 50 day simple moving average of $102.00 and a two-hundred day simple moving average of $112.92. BWX Technologies, Inc. has a 52-week low of $84.21 and a 52-week high of $136.31. The company has a market capitalization of $9.90 billion, a price-to-earnings ratio of 35.87, a PEG ratio of 3.20 and a beta of 0.66. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The technology company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.73 by $0.18. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The firm had revenue of $682.26 million for the quarter, compared to analyst estimates of $644.15 million. During the same period last year, the company posted $0.76 EPS. BWX Technologies's quarterly revenue was up 13.0% compared to the same quarter last year. On average, equities analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, May 19th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.92%. The ex-dividend date is Monday, May 19th. BWX Technologies's payout ratio is 32.57%.

Insider Activity at BWX Technologies

In other BWX Technologies news, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the stock in a transaction dated 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 sale, the senior vice president now owns 9,904 shares in the company, valued at approximately $1,039,127.68. This represents a 16.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Robert L. Duffy sold 6,000 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $104.03, for a total value of $624,180.00. Following the transaction, the senior vice president now owns 3,206 shares in the company, valued at approximately $333,520.18. This represents a 65.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 53,625 shares of company stock valued at $5,734,145. 0.47% of the stock is owned by insiders.

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.