Canada Pension Plan Investment Board Acquires 42,000 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Canada Pension Plan Investment Board grew its position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 359.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,700 shares of the technology company's stock after purchasing an additional 42,000 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.06% of BWX Technologies worth $5,982,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in BWX Technologies by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 9,211,924 shares of the technology company's stock worth $1,026,116,000 after buying an additional 202,917 shares during the period. Demars Financial Group LLC boosted its stake in shares of BWX Technologies by 9,309.0% in the fourth quarter. Demars Financial Group LLC now owns 4,482,439 shares of the technology company's stock worth $499,299,000 after acquiring an additional 4,434,799 shares during the period. Franklin Resources Inc. grew its position in shares of BWX Technologies by 8.5% during the fourth quarter. Franklin Resources Inc. now owns 2,315,671 shares of the technology company's stock worth $257,943,000 after purchasing an additional 182,311 shares in the last quarter. Van ECK Associates Corp raised its stake in BWX Technologies by 46.7% during the 4th quarter. Van ECK Associates Corp now owns 1,408,736 shares of the technology company's stock valued at $156,919,000 after purchasing an additional 448,467 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in BWX Technologies by 19.8% in the 4th 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 owned by hedge funds and other institutional investors.

Insider Activity at BWX Technologies

In related news, 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 completion of the sale, the senior vice president now owns 3,206 shares in the company, valued at approximately $333,520.18. The trade was a 65.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $104.92, for a total value of $209,840.00. Following the transaction, the senior vice president now owns 9,904 shares in the company, valued at $1,039,127.68. The trade was a 16.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 53,625 shares of company stock worth $5,734,145 in the last quarter. 0.47% of the stock is owned by company insiders.

BWX Technologies Trading Up 1.0 %

NYSE:BWXT traded up $1.06 during midday trading on Friday, hitting $108.99. 532,903 shares of the company traded hands, compared to its average volume of 786,978. The firm has a market capitalization of $9.96 billion, a P/E ratio of 36.09, a P/E/G ratio of 3.20 and a beta of 0.67. The firm's fifty day moving average is $101.10 and its 200-day moving average is $113.43. BWX Technologies, Inc. has a 12-month low of $84.21 and a 12-month 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.

BWX Technologies (NYSE:BWXT - Get Free Report) last released its earnings results on Monday, February 24th. The technology company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.12. The firm had revenue of $746.27 million during the quarter, compared to analyst estimates of $653.16 million. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. On average, sell-side analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Tuesday, March 11th were paid a dividend of $0.25 per share. This is a positive change from BWX Technologies's previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend was Tuesday, March 11th. BWX Technologies's dividend payout ratio (DPR) is currently 32.57%.

Analysts Set New Price Targets

Several research firms have recently issued reports on BWXT. Bank of America reduced their price objective on shares of BWX Technologies from $160.00 to $135.00 and set a "buy" rating on the stock in a research report on Wednesday, March 26th. Maxim Group boosted their price target on shares of 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 raised shares of BWX Technologies to a "strong-buy" rating in a report on Tuesday, April 1st. Finally, Truist Financial lifted their target price on BWX Technologies from $106.00 to $114.00 and gave the stock a "hold" rating in a report on Tuesday, January 14th. 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 issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $124.38.

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.