CANADA LIFE ASSURANCE Co Sells 100,540 Shares of BWX Technologies, Inc. (NYSE:BWXT)

CANADA LIFE ASSURANCE Co decreased its stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 32.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 205,866 shares of the technology company's stock after selling 100,540 shares during the period. CANADA LIFE ASSURANCE Co owned about 0.23% of BWX Technologies worth $22,905,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Retirement Wealth Solutions LLC purchased a new position in shares of BWX Technologies during the 4th quarter valued at about $30,000. HHM Wealth Advisors LLC raised its stake in shares of BWX Technologies by 45.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company's stock worth $32,000 after acquiring an additional 90 shares in the last quarter. Principal Securities Inc. lifted its holdings in shares of 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 acquiring an additional 91 shares during the last quarter. V Square Quantitative Management LLC boosted its stake in shares of BWX Technologies by 40.5% in the 4th quarter. V Square Quantitative Management LLC now owns 406 shares of the technology company's stock valued at $45,000 after purchasing an additional 117 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of 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 purchasing an additional 250 shares during the last quarter. Institutional investors own 94.39% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Seaport Res Ptn raised shares of BWX Technologies to a "strong-buy" rating in a research note on Tuesday, April 1st. Bank of America dropped their target price on BWX Technologies from $160.00 to $135.00 and set a "buy" rating for the company in a report on Wednesday, March 26th. Maxim Group lifted 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. Finally, Truist Financial raised their target price on shares of BWX Technologies from $106.00 to $114.00 and gave the stock a "hold" rating in a report on Tuesday, January 14th. One 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's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $124.38.

Insider Buying and Selling at BWX Technologies

In other news, SVP Robert L. Duffy sold 6,000 shares of the business'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 transaction of $624,180.00. Following the completion of the transaction, the senior vice president now directly owns 3,206 shares of the company's stock, valued at $333,520.18. The trade was a 65.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 of the company's stock, valued at approximately $23,436,613.20. This trade represents a 17.29 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 53,625 shares of company stock worth $5,734,145. 0.47% of the stock is owned by corporate insiders.

BWX Technologies Stock Up 1.1 %

BWXT traded up $1.15 during midday trading on Friday, reaching $109.08. The company's stock had a trading volume of 156,465 shares, compared to its average volume of 783,402. The stock's 50-day moving average is $101.05 and its 200-day moving average is $113.54. BWX Technologies, Inc. has a 1 year low of $84.21 and a 1 year high of $136.31. The firm has a market capitalization of $9.97 billion, a price-to-earnings ratio of 36.12, a PEG ratio of 3.20 and a beta of 0.67. 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 announced its quarterly earnings data on Monday, February 24th. The technology company reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.12. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The business had revenue of $746.27 million during the quarter, compared to analysts' expectations of $653.16 million. As a group, research analysts expect that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Tuesday, March 11th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.92%. This is an increase from BWX Technologies's previous quarterly dividend of $0.24. The ex-dividend date was Tuesday, March 11th. BWX Technologies's dividend payout ratio is 32.57%.

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.