Mitsubishi UFJ Asset Management Co. Ltd. Boosts Stake in BWX Technologies, Inc. (NYSE:BWXT)

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 41.0% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 18,761 shares of the technology company's stock after acquiring an additional 5,452 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.'s holdings in BWX Technologies were worth $1,851,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of BWX Technologies by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 9,404,287 shares of the technology company's stock valued at $927,733,000 after acquiring an additional 192,363 shares during the last quarter. Demars Financial Group LLC grew its stake 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 worth $499,299,000 after buying an additional 4,434,799 shares during the last quarter. Bessemer Group Inc. grew its stake 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 worth $102,419,000 after buying an additional 16,262 shares during the last quarter. Westwood Holdings Group Inc. grew its stake in BWX Technologies by 279.0% during the 1st quarter. Westwood Holdings Group Inc. now owns 958,563 shares of the technology company's stock worth $94,562,000 after buying an additional 705,648 shares during the last quarter. Finally, Balyasny Asset Management L.P. grew its stake 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 worth $102,069,000 after buying an additional 615,693 shares during the last quarter. Hedge funds and other institutional investors own 94.39% of the company's stock.

Insider Buying and Selling

In other BWX Technologies news, SVP Omar Fathi Meguid sold 2,261 shares of the firm's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $179.84, for a total transaction of $406,618.24. Following the completion of the transaction, the senior vice president owned 2,361 shares of the company's stock, valued at approximately $424,602.24. This trade represents a 48.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the company's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $177.43, for a total value of $371,183.56. Following the completion of the transaction, the senior vice president owned 10,149 shares of the company's stock, valued at $1,800,737.07. The trade was a 17.09% decrease in their ownership of the stock. 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 corporate insiders.

BWX Technologies Price Performance

BWXT stock traded down $2.10 during midday trading on Thursday, hitting $174.66. 837,715 shares of the stock were exchanged, compared to its average volume of 1,303,049. The stock's 50-day moving average price is $147.71 and its 200-day moving average price is $121.00. The stock has a market cap of $15.96 billion, a price-to-earnings ratio of 54.58, a PEG ratio of 4.14 and a beta of 0.73. BWX Technologies, Inc. has a fifty-two week low of $84.21 and a fifty-two week high of $189.25. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.60 and a current ratio of 1.69.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.23. The firm had revenue of $764.00 million during the quarter, compared to analysts' expectations of $708.00 million. BWX Technologies had a return on equity of 30.61% and a net margin of 10.28%. BWX Technologies's revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.82 earnings per share. Research analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Shareholders 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 annualized dividend and a yield of 0.6%. BWX Technologies's dividend payout ratio (DPR) is presently 31.25%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on BWXT. Truist Financial set a $145.00 price target on BWX Technologies and gave the stock a "hold" rating in a research note on Tuesday, August 5th. Maxim Group reaffirmed a "hold" rating on shares of BWX Technologies in a research report on Wednesday, August 6th. William Blair reaffirmed an "outperform" rating on shares of BWX Technologies in a research report on Wednesday, June 18th. Bank of America increased their price objective on BWX Technologies from $155.00 to $220.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, CLSA reissued an "outperform" rating and issued a $177.60 price target (up from $153.00) on shares of BWX Technologies in a report on Tuesday, May 27th. One 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 stock. According to data from MarketBeat.com, BWX Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $154.51.

BWX Technologies Company 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.