Chescapmanager LLC Trims Stock Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Chescapmanager LLC lowered its position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 5.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 288,423 shares of the technology company's stock after selling 17,486 shares during the quarter. BWX Technologies comprises 3.5% of Chescapmanager LLC's investment portfolio, making the stock its 12th biggest holding. Chescapmanager LLC owned about 0.32% of BWX Technologies worth $32,127,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of BWXT. Vanguard Group Inc. lifted its position in shares of BWX Technologies by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 9,211,924 shares of the technology company's stock valued at $1,026,116,000 after acquiring an additional 202,917 shares during the period. Demars Financial Group LLC raised its holdings in shares of BWX Technologies by 9,309.0% during the fourth quarter. Demars Financial Group LLC now owns 4,482,439 shares of the technology company's stock valued at $499,299,000 after purchasing an additional 4,434,799 shares during the period. Franklin Resources Inc. boosted its position in shares of BWX Technologies by 8.5% during the 4th 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 grew its stake in shares of BWX Technologies by 46.7% in 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 buying an additional 448,467 shares during the period. Finally, Bank of New York Mellon Corp increased its position 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 valued at $153,694,000 after buying an additional 228,413 shares in the last quarter. 94.39% of the stock is currently owned by institutional investors and hedge funds.

BWX Technologies Stock Up 0.5 %

BWXT stock traded up $0.51 during trading on Friday, reaching $108.46. The stock had a trading volume of 899,871 shares, compared to its average volume of 794,461. BWX Technologies, Inc. has a one year low of $84.21 and a one year high of $136.31. The company's 50 day moving average is $102.36 and its two-hundred day moving average is $112.58. 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 company has a market capitalization of $9.91 billion, a price-to-earnings ratio of 35.91, a P/E/G ratio of 3.20 and a beta of 0.66.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its quarterly 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 company had revenue of $682.26 million during the quarter, compared to the consensus estimate of $644.15 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. BWX Technologies's revenue was up 13.0% on a year-over-year basis. During the same period last year, the business posted $0.76 earnings per share. Equities research analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, May 19th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend is Monday, May 19th. BWX Technologies's dividend payout ratio (DPR) is currently 31.85%.

Analysts Set New Price Targets

A number of equities research analysts have commented on BWXT shares. Truist Financial raised 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 reduced their price target on shares of BWX Technologies from $140.00 to $136.00 and set a "buy" rating for the company in a research report on Thursday. Seaport Res Ptn upgraded shares of BWX Technologies to a "strong-buy" rating in a report on Tuesday, April 1st. Finally, Bank of America reduced their price objective on shares of BWX Technologies from $160.00 to $135.00 and set a "buy" rating for the company in a report on Wednesday, March 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, BWX Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $123.88.

Insider Activity at BWX Technologies

In other news, SVP Robert L. Duffy sold 6,000 shares of the 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. This represents a 65.17 % decrease in their position. The transaction was disclosed in a legal filing 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 in the company, valued at $23,436,613.20. This trade represents a 17.29 % decrease in their position. 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 company 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.