Ensign Peak Advisors Inc Sells 9,069 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Ensign Peak Advisors Inc lessened its holdings in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 2.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 390,023 shares of the technology company's stock after selling 9,069 shares during the quarter. Ensign Peak Advisors Inc owned about 0.43% of BWX Technologies worth $43,445,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Narwhal Capital Management raised its stake in BWX Technologies by 33.4% during the fourth quarter. Narwhal Capital Management now owns 20,979 shares of the technology company's stock valued at $2,337,000 after buying an additional 5,250 shares during the last quarter. Cadinha & Co. LLC boosted its stake in BWX Technologies by 469.2% in the 4th quarter. Cadinha & Co. LLC now owns 64,341 shares of the technology company's stock worth $7,167,000 after purchasing an additional 53,038 shares in the last quarter. Cooper Financial Group purchased a new stake in BWX Technologies during the 4th quarter valued at about $737,000. Strategic Planning Group LLC bought a new stake in BWX Technologies during the 4th quarter valued at about $3,005,000. Finally, Diversify Advisory Services LLC purchased a new position in BWX Technologies in the fourth quarter worth about $325,000. Institutional investors own 94.39% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Maxim Group cut their price target on shares of BWX Technologies from $140.00 to $136.00 and set a "buy" rating on the stock in a report on Thursday. Truist Financial lifted their target price on 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 upgraded BWX Technologies to a "strong-buy" rating in a research note on Tuesday, April 1st. Finally, Bank of America reduced 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $123.88.

Insider Buying and Selling at BWX Technologies

In related news, CEO Rex D. Geveden sold 45,625 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $107.40, for a total value of $4,900,125.00. Following the completion of the transaction, the chief executive officer now owns 218,218 shares of the company's stock, valued at approximately $23,436,613.20. This represents a 17.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $104.92, for a total value of $209,840.00. Following the completion of the sale, the senior vice president now owns 9,904 shares of the company's stock, valued at $1,039,127.68. The trade was a 16.80 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 53,625 shares of company stock valued at $5,734,145. Company insiders own 0.47% of the company's stock.

BWX Technologies Trading Up 0.5 %

Shares of NYSE:BWXT opened at $108.46 on Friday. BWX Technologies, Inc. has a 52-week low of $84.21 and a 52-week high of $136.31. The stock has a market capitalization of $9.91 billion, a price-to-earnings ratio of 35.91, a PEG ratio of 3.20 and a beta of 0.66. 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's 50-day simple moving average is $102.36 and its two-hundred day simple moving average is $112.66.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its earnings results on Monday, May 5th. The technology company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.18. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The company had revenue of $682.26 million during the quarter, compared to analyst estimates of $644.15 million. During the same period in the previous year, the business posted $0.76 earnings per share. The firm's quarterly revenue was up 13.0% compared to the same quarter last year. Analysts expect that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, May 19th will be given 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 yield of 0.92%. BWX Technologies's dividend payout ratio (DPR) is presently 31.85%.

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.

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