EAM Global Investors LLC Buys New Shares in BWX Technologies, Inc. (NYSE:BWXT)

EAM Global Investors LLC purchased a new position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 38,526 shares of the technology company's stock, valued at approximately $4,291,000.

A number of other large investors have also recently bought and sold shares of BWXT. EAM Investors LLC acquired a new stake in BWX Technologies during the fourth quarter worth about $4,234,000. Jump Financial LLC grew its position in shares of BWX Technologies by 71.4% during the fourth quarter. Jump Financial LLC now owns 5,380 shares of the technology company's stock worth $599,000 after acquiring an additional 2,242 shares during the last quarter. Guggenheim Capital LLC bought a new position in BWX Technologies in the 4th quarter worth about $353,000. Mariner LLC boosted its position in shares of BWX Technologies by 5.0% during the fourth quarter. Mariner LLC now owns 13,043 shares of the technology company's stock worth $1,453,000 after buying an additional 619 shares during the period. Finally, Barclays PLC increased its position in BWX Technologies by 233.2% in the 4th quarter. Barclays PLC now owns 214,973 shares of the technology company's stock valued at $23,947,000 after acquiring an additional 150,448 shares during the period. Institutional investors and hedge funds own 94.39% of the company's stock.

BWX Technologies Stock Down 3.0 %

Shares of BWX Technologies stock traded down $3.10 on Monday, hitting $100.61. The company had a trading volume of 195,013 shares, compared to its average volume of 783,511. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25. The stock has a market capitalization of $9.20 billion, a price-to-earnings ratio of 33.31, a P/E/G ratio of 3.20 and a beta of 0.67. The stock has a 50 day moving average of $101.39 and a 200-day moving average of $113.86. BWX Technologies, Inc. has a 1 year low of $84.21 and a 1 year high of $136.31.

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 the consensus estimate of $0.80 by $0.12. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The company had revenue of $746.27 million during the quarter, compared to analyst estimates of $653.16 million. As a group, sell-side analysts forecast 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. Investors of record on Tuesday, March 11th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.99%. This is a positive change from BWX Technologies's previous quarterly dividend of $0.24. The ex-dividend date was Tuesday, March 11th. BWX Technologies's payout ratio is presently 32.57%.

Analyst Upgrades and Downgrades

BWXT has been the subject of several research reports. Truist Financial raised their target price on BWX Technologies from $106.00 to $114.00 and gave the company a "hold" rating in a research note on Tuesday, January 14th. Bank of America lowered their price objective on BWX Technologies from $160.00 to $135.00 and set a "buy" rating on the stock in a research report on Wednesday, March 26th. Maxim Group increased their target price on shares of BWX Technologies from $138.00 to $140.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Finally, Seaport Res Ptn upgraded shares of BWX Technologies to a "strong-buy" rating in a research report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, BWX Technologies has an average rating of "Moderate Buy" and an average price target of $124.38.

Insider Transactions at BWX Technologies

In other news, CEO Rex D. Geveden sold 45,625 shares of the firm'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 transaction, the chief executive officer now directly owns 218,218 shares of the company's stock, valued at approximately $23,436,613.20. This trade represents a 17.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of BWX Technologies stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $104.92, for a total transaction of $209,840.00. Following the completion of the transaction, the senior vice president now directly owns 9,904 shares in the company, valued at approximately $1,039,127.68. The trade was a 16.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 53,625 shares of company stock valued at $5,734,145. 0.47% of the stock is currently owned by corporate insiders.

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.