BWX Technologies, Inc. (NYSE:BWXT) Shares Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lifted its holdings in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 52.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,460 shares of the technology company's stock after buying an additional 3,950 shares during the period. PNC Financial Services Group Inc.'s holdings in BWX Technologies were worth $1,131,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in BWXT. Demars Financial Group LLC grew its holdings in BWX Technologies by 9,309.0% during the 4th 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 last quarter. Bessemer Group Inc. grew its holdings in BWX Technologies by 1.6% during the 1st quarter. Bessemer Group Inc. now owns 1,038,223 shares of the technology company's stock valued at $102,419,000 after purchasing an additional 16,262 shares during the last quarter. Balyasny Asset Management L.P. grew its holdings in BWX Technologies by 204.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 916,323 shares of the technology company's stock valued at $102,069,000 after purchasing an additional 615,693 shares during the last quarter. First Trust Advisors LP grew its holdings in BWX Technologies by 34.1% during the 4th quarter. First Trust Advisors LP now owns 908,012 shares of the technology company's stock valued at $101,143,000 after purchasing an additional 231,146 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in BWX Technologies by 13.3% during the 4th quarter. Northern Trust Corp now owns 815,089 shares of the technology company's stock valued at $90,793,000 after purchasing an additional 95,811 shares during the last quarter. 94.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on BWXT shares. Truist Financial set a $145.00 price target on shares of BWX Technologies and gave the company a "hold" rating in a report on Tuesday, August 5th. Bank of America upped their price target on shares of BWX Technologies from $155.00 to $220.00 and gave the company a "buy" rating in a report on Wednesday. CLSA reissued an "outperform" rating and issued a $177.60 price objective (up from $153.00) on shares of BWX Technologies in a research report on Tuesday, May 27th. William Blair reissued an "outperform" rating on shares of BWX Technologies in a research report on Wednesday, June 18th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $150.00 price objective (up from $119.00) on shares of BWX Technologies in a research report on Tuesday, July 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, BWX Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $154.51.

Insider Activity

In other BWX Technologies news, CEO Rex D. Geveden sold 25,000 shares of the firm's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $179.00, for a total value of $4,475,000.00. Following the completion of the transaction, the chief executive officer owned 197,594 shares of the company's stock, valued at approximately $35,369,326. This trade represents a 11.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the firm's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $177.43, for a total transaction of $371,183.56. Following the completion of the transaction, the senior vice president directly owned 10,149 shares of the company's stock, valued at approximately $1,800,737.07. This represents a 17.09% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 29,953 shares of company stock worth $5,359,758. 0.47% of the stock is currently owned by insiders.

BWX Technologies Stock Down 1.1%

Shares of BWXT traded down $1.86 during mid-day trading on Thursday, hitting $174.90. The company's stock had a trading volume of 517,476 shares, compared to its average volume of 1,122,152. The company's 50-day moving average is $146.79 and its 200-day moving average is $120.56. BWX Technologies, Inc. has a 52-week low of $84.21 and a 52-week high of $189.25. The firm has a market capitalization of $15.99 billion, a price-to-earnings ratio of 54.53, a PEG ratio of 4.26 and a beta of 0.73. The company has a current ratio of 1.69, a quick ratio of 1.60 and a debt-to-equity ratio of 1.28.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its earnings results on Monday, August 4th. The technology company reported $1.02 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.23. BWX Technologies had a net margin of 10.28% and a return on equity of 30.61%. The company had revenue of $764.00 million during the quarter, compared to analysts' expectations of $708.00 million. During the same quarter in the prior year, the company posted $0.82 earnings per share. BWX Technologies's revenue for the quarter was up 12.1% compared to the same quarter last year. On average, equities research analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Monday, August 18th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. BWX Technologies's dividend payout ratio is presently 31.25%.

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.