Centiva Capital LP Increases Stock Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Centiva Capital LP boosted its position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 321.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,698 shares of the technology company's stock after buying an additional 15,026 shares during the period. Centiva Capital LP's holdings in BWX Technologies were worth $2,194,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Retirement Wealth Solutions LLC acquired a new stake in shares of BWX Technologies in the 4th quarter worth about $30,000. HHM Wealth Advisors LLC raised its stake in shares of BWX Technologies by 45.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company's stock worth $32,000 after purchasing an additional 90 shares during the last quarter. Principal Securities Inc. lifted its holdings in shares of 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 purchasing an additional 91 shares in the last quarter. V Square Quantitative Management LLC grew its holdings in 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 buying an additional 117 shares in the last quarter. Finally, UMB Bank n.a. raised its position in 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 buying an additional 250 shares during the last quarter. 94.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Rex D. Geveden sold 45,625 shares of BWX Technologies stock in a transaction 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 directly owns 218,218 shares of the company's stock, valued at $23,436,613.20. The trade was a 17.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 transaction of $209,840.00. Following the sale, the senior vice president now directly owns 9,904 shares of the company's stock, valued at $1,039,127.68. The trade was a 16.80 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 53,625 shares of company stock valued at $5,734,145. 0.47% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Maxim Group lowered their target price on shares of BWX Technologies from $140.00 to $136.00 and set a "buy" rating for the company in a report on Thursday. Seaport Res Ptn raised BWX Technologies to a "strong-buy" rating in a research report on Tuesday, April 1st. Bank of America reduced their price objective on BWX Technologies from $160.00 to $135.00 and set a "buy" rating for the company in a research note on Wednesday, March 26th. 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 research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $123.88.

BWX Technologies Price Performance

Shares of NYSE BWXT traded up $0.51 during midday trading on Friday, hitting $108.46. 899,871 shares of the company's stock were exchanged, compared to its average volume of 793,907. 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 business's fifty day moving average price is $102.36 and its two-hundred day moving average price is $112.66. The company has a market cap 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, Inc. has a 12-month low of $84.21 and a 12-month high of $136.31.

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

BWX Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Monday, May 19th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.92%. The ex-dividend date is Monday, May 19th. BWX Technologies's dividend payout ratio is presently 31.85%.

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.