First Trust Advisors LP Grows Stock Position in BWX Technologies, Inc. (NYSE:BWXT)

First Trust Advisors LP grew its position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 34.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 908,012 shares of the technology company's stock after acquiring an additional 231,146 shares during the period. First Trust Advisors LP owned about 0.99% of BWX Technologies worth $101,143,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Retirement Wealth Solutions LLC bought a new stake in shares of BWX Technologies in the 4th quarter worth approximately $30,000. HHM Wealth Advisors LLC grew its stake in shares of BWX Technologies by 45.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company's stock worth $32,000 after acquiring an additional 90 shares during the last quarter. Principal Securities Inc. increased its holdings in shares of BWX Technologies by 40.4% during the fourth quarter. Principal Securities Inc. now owns 316 shares of the technology company's stock valued at $35,000 after acquiring an additional 91 shares in the last quarter. V Square Quantitative Management LLC grew its holdings in shares of BWX Technologies by 40.5% during the fourth quarter. V Square Quantitative Management LLC now owns 406 shares of the technology company's stock valued at $45,000 after buying an additional 117 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in BWX Technologies by 97.3% during the 4th 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 during the last quarter. 94.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BWXT has been the topic of several recent analyst reports. Bank of America dropped 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. Truist Financial boosted their target price on shares of BWX Technologies from $106.00 to $114.00 and gave the company a "hold" rating in a research note on Tuesday, January 14th. Seaport Res Ptn upgraded BWX Technologies to a "strong-buy" rating in a research note on Tuesday, April 1st. Finally, Maxim Group upped their price objective on BWX Technologies from $138.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, January 10th. One research 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $124.38.

Insider Buying and Selling at BWX Technologies

In other news, CEO Rex D. Geveden sold 45,625 shares of the company's stock in a transaction that occurred on 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 of the company's stock, valued at $23,436,613.20. This represents a 17.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Robert L. Duffy sold 6,000 shares of the business's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $104.03, for a total transaction of $624,180.00. Following the completion of the sale, the senior vice president now owns 3,206 shares in the company, valued at $333,520.18. This represents a 65.17 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 53,625 shares of company stock worth $5,734,145. Insiders own 0.47% of the company's stock.

BWX Technologies Price Performance

BWX Technologies stock traded up $1.06 during mid-day trading on Friday, hitting $108.99. The stock had a trading volume of 532,903 shares, compared to its average volume of 786,161. BWX Technologies, Inc. has a one year low of $84.21 and a one year high of $136.31. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $9.96 billion, a P/E ratio of 36.09, a P/E/G ratio of 3.20 and a beta of 0.67. The firm's 50 day moving average is $101.10 and its 200 day moving average is $113.49.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its earnings results on Monday, February 24th. The technology company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.12. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The company had revenue of $746.27 million for the quarter, compared to the consensus estimate of $653.16 million. On average, sell-side analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Increases Dividend

The business also recently announced 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 annualized dividend and a yield of 0.92%. This is a boost from BWX Technologies's previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Tuesday, March 11th. BWX Technologies's dividend payout ratio (DPR) is presently 32.57%.

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.