Dimensional Fund Advisors LP Trims Stake in BWX Technologies, Inc. (NYSE:BWXT)

Dimensional Fund Advisors LP trimmed its stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 16.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,082,833 shares of the technology company's stock after selling 209,026 shares during the period. Dimensional Fund Advisors LP owned approximately 1.18% of BWX Technologies worth $120,622,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BWXT. Retirement Wealth Solutions LLC bought a new position in shares of BWX Technologies during the 4th quarter valued at $30,000. HHM Wealth Advisors LLC increased its position in shares of BWX Technologies by 45.0% during the 4th quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company's stock valued at $32,000 after purchasing an additional 90 shares during the last quarter. Principal Securities Inc. boosted 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 worth $35,000 after buying an additional 91 shares during the last quarter. V Square Quantitative Management LLC raised its position in BWX Technologies by 40.5% in the fourth quarter. V Square Quantitative Management LLC now owns 406 shares of the technology company's stock worth $45,000 after acquiring an additional 117 shares during the period. Finally, UMB Bank n.a. boosted its stake 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 worth $56,000 after acquiring an additional 250 shares during the last quarter. Institutional investors own 94.39% of the company's stock.

BWX Technologies Stock Up 1.4 %

Shares of NYSE BWXT traded up $1.52 during trading hours on Friday, hitting $112.64. 210,662 shares of the stock were exchanged, compared to its average volume of 980,520. BWX Technologies, Inc. has a 12 month low of $84.21 and a 12 month high of $136.31. The firm has a fifty day moving average price of $101.60 and a 200-day moving average price of $113.26. 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 cap of $10.29 billion, a PE ratio of 37.30, a PEG ratio of 3.20 and a beta of 0.67.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its quarterly earnings results on Monday, February 24th. The technology company reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.80 by $0.12. The business had revenue of $746.27 million for the quarter, compared to the consensus estimate of $653.16 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. On average, sell-side analysts expect 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. Shareholders of record on Tuesday, March 11th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend was Tuesday, March 11th. This is an increase from BWX Technologies's previous quarterly dividend of $0.24. BWX Technologies's dividend payout ratio (DPR) is currently 32.57%.

Insider Transactions at BWX Technologies

In other news, CEO Rex D. Geveden sold 45,625 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $107.40, for a total transaction of $4,900,125.00. Following the sale, 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 hyperlink. Also, SVP Robert L. Duffy sold 6,000 shares of the firm's stock in a transaction 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 transaction, the senior vice president now owns 3,206 shares of the company's stock, valued at $333,520.18. This trade represents a 65.17 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 53,625 shares of company stock worth $5,734,145. Insiders own 0.47% of the company's stock.

Analysts Set New Price Targets

BWXT has been the topic of several analyst reports. Seaport Res Ptn upgraded BWX Technologies to a "strong-buy" rating in a research report on Tuesday, April 1st. Truist Financial lifted their target price on shares of 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 boosted their price objective on BWX Technologies from $138.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, January 10th. Finally, Bank of America lowered their price target on BWX Technologies from $160.00 to $135.00 and set a "buy" rating on the stock in a report on Wednesday, March 26th. One equities research 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. According to data from MarketBeat.com, BWX Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $124.38.

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.