Duquesne Family Office LLC Invests $33.33 Million in BWX Technologies, Inc. (NYSE:BWXT)

Duquesne Family Office LLC acquired a new stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 299,171 shares of the technology company's stock, valued at approximately $33,325,000. Duquesne Family Office LLC owned approximately 0.33% of BWX Technologies at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BWXT. Retirement Wealth Solutions LLC purchased a new position in BWX Technologies during the fourth quarter worth about $30,000. HHM Wealth Advisors LLC grew its holdings in shares of BWX Technologies by 45.0% during 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 in the last quarter. Principal Securities Inc. increased its position 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 purchasing an additional 91 shares during the last quarter. V Square Quantitative Management LLC increased its position in shares of 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 purchasing an additional 117 shares during the last quarter. Finally, UMB Bank n.a. raised its stake in BWX Technologies by 97.3% in the fourth quarter. UMB Bank n.a. now owns 507 shares of the technology company's stock valued at $56,000 after purchasing an additional 250 shares in the last quarter. 94.39% of the stock is currently owned by institutional investors.

BWX Technologies Trading Up 0.5 %

Shares of BWX Technologies stock traded up $0.51 on Friday, hitting $108.46. The stock had a trading volume of 899,871 shares, compared to its average volume of 794,461. The stock's 50-day simple moving average is $102.36 and its two-hundred day simple moving average is $112.58. BWX Technologies, Inc. has a one year low of $84.21 and a one year high of $136.31. 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 stock 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 (NYSE:BWXT - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The technology company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.73 by $0.18. The firm had revenue of $682.26 million during the quarter, compared to the consensus estimate of $644.15 million. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The company's quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.76 earnings per share. As a group, sell-side analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on BWXT shares. Truist Financial increased their price target on shares of BWX Technologies from $106.00 to $114.00 and gave the stock a "hold" rating in a report on Tuesday, January 14th. Seaport Res Ptn raised BWX Technologies to a "strong-buy" rating in a research note on Tuesday, April 1st. Bank of America decreased their price objective on BWX Technologies from $160.00 to $135.00 and set a "buy" rating on the stock in a report on Wednesday, March 26th. Finally, Maxim Group cut their target price on BWX Technologies from $140.00 to $136.00 and set a "buy" rating for the company in a research note on Thursday. One investment analyst has rated the stock with a sell rating, two have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, BWX Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $123.88.

Insider Activity

In related news, SVP Robert L. Duffy sold 6,000 shares of the business'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 transaction, the senior vice president now owns 3,206 shares in the company, valued at $333,520.18. The trade was a 65.17 % 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, CEO Rex D. Geveden sold 45,625 shares of the business's 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 sale, the chief executive officer now directly owns 218,218 shares in the company, valued at $23,436,613.20. The trade was a 17.29 % 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. Company insiders own 0.47% of the company's stock.

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.