Cerity Partners LLC Sells 4,626 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Cerity Partners LLC cut its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 21.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,077 shares of the technology company's stock after selling 4,626 shares during the quarter. Cerity Partners LLC's holdings in BWX Technologies were worth $1,871,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in BWX Technologies during the 4th quarter valued at $69,730,000. Stephens Investment Management Group LLC purchased a new position in shares of BWX Technologies in the fourth quarter valued at about $50,054,000. Van ECK Associates Corp raised its stake in shares of BWX Technologies by 46.7% during the fourth quarter. Van ECK Associates Corp now owns 1,408,736 shares of the technology company's stock valued at $156,919,000 after acquiring an additional 448,467 shares during the last quarter. Blair William & Co. IL boosted its holdings in shares of BWX Technologies by 949.0% during the fourth quarter. Blair William & Co. IL now owns 424,821 shares of the technology company's stock worth $47,321,000 after purchasing an additional 384,323 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of BWX Technologies by 137.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 471,260 shares of the technology company's stock worth $52,494,000 after purchasing an additional 273,030 shares during the last quarter. 94.39% of the stock is currently owned by institutional investors.

Insider Buying and Selling at BWX Technologies

In other BWX Technologies news, SVP Robert L. Duffy sold 6,000 shares of the firm's stock in a transaction dated 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 sale, the senior vice president now directly owns 3,206 shares in the company, valued at approximately $333,520.18. This trade represents a 65.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Rex D. Geveden sold 45,625 shares of BWX Technologies stock in a transaction dated 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 transaction, the chief executive officer now directly owns 218,218 shares of the company's stock, valued at $23,436,613.20. This trade represents a 17.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 53,625 shares of company stock worth $5,734,145. 0.47% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

BWXT has been the subject of several research analyst reports. Bank of America dropped their price objective on BWX Technologies from $160.00 to $135.00 and set a "buy" rating for the company in a report on Wednesday, March 26th. 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. Seaport Res Ptn upgraded shares of BWX Technologies to a "strong-buy" rating in a report on Tuesday, April 1st. Finally, Maxim Group upped their price objective on shares of BWX Technologies from $138.00 to $140.00 and gave the stock a "buy" rating in a report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $124.38.

BWX Technologies Stock Up 1.8 %

Shares of NYSE:BWXT traded up $1.85 during midday trading on Tuesday, reaching $102.31. The company's stock had a trading volume of 616,706 shares, compared to its average volume of 784,778. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15. The firm has a 50 day moving average of $101.07 and a 200-day moving average of $113.66. The firm has a market capitalization of $9.35 billion, a P/E ratio of 33.88, a PEG ratio of 3.20 and a beta of 0.67. 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 announced its quarterly earnings data on Monday, February 24th. The technology company reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.80 by $0.12. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The business had revenue of $746.27 million for the quarter, compared to analysts' expectations of $653.16 million. On average, research analysts anticipate that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Tuesday, March 11th were paid a dividend of $0.25 per share. This is a boost from BWX Technologies's previous quarterly dividend of $0.24. The ex-dividend date was Tuesday, March 11th. This represents a $1.00 dividend on an annualized basis and a yield of 0.98%. BWX Technologies's payout ratio is presently 32.57%.

BWX Technologies 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.