Legal & General Group Plc Sells 9,044 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Legal & General Group Plc reduced its position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 6.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 136,529 shares of the technology company's stock after selling 9,044 shares during the quarter. Legal & General Group Plc owned approximately 0.15% of BWX Technologies worth $15,208,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Retirement Wealth Solutions LLC bought a new position in shares of BWX Technologies during the fourth quarter valued at about $30,000. HHM Wealth Advisors LLC raised its position in BWX Technologies by 45.0% during the 4th quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company's stock valued at $32,000 after purchasing an additional 90 shares during the last quarter. Principal Securities Inc. raised its position in BWX Technologies by 40.4% during the 4th quarter. Principal Securities Inc. now owns 316 shares of the technology company's stock valued at $35,000 after purchasing an additional 91 shares during the last quarter. V Square Quantitative Management LLC lifted its holdings in BWX Technologies by 40.5% in the 4th quarter. V Square Quantitative Management LLC now owns 406 shares of the technology company's stock worth $45,000 after buying an additional 117 shares during the period. Finally, UMB Bank n.a. grew its position in shares of BWX Technologies by 97.3% in the 4th quarter. UMB Bank n.a. now owns 507 shares of the technology company's stock worth $56,000 after buying an additional 250 shares during the last quarter. Hedge funds and other institutional investors own 94.39% of the company's stock.

BWX Technologies Stock Down 0.1 %

Shares of NYSE:BWXT traded down $0.13 during trading on Friday, reaching $103.73. 813,965 shares of the stock traded hands, compared to its average volume of 785,165. The stock has a market cap of $9.48 billion, a P/E ratio of 34.35, a price-to-earnings-growth ratio of 3.20 and a beta of 0.67. 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 50-day moving average of $101.39 and a two-hundred day moving average of $113.88. BWX Technologies, Inc. has a 52-week low of $84.21 and a 52-week high of $136.31.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its earnings results on Monday, February 24th. The technology company reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.80 by $0.12. The business had revenue of $746.27 million during the quarter, compared to analyst estimates of $653.16 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. As a group, sell-side analysts expect 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 issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.00 annualized dividend and a yield of 0.96%. This is a boost from BWX Technologies's previous quarterly dividend of $0.24. BWX Technologies's dividend payout ratio (DPR) is currently 32.57%.

Wall Street Analysts Forecast Growth

BWXT has been the topic of several research analyst reports. Truist Financial boosted their price target on shares of BWX Technologies from $106.00 to $114.00 and gave the company a "hold" rating in a research report on Tuesday, January 14th. Bank of America reduced their target price on BWX Technologies from $160.00 to $135.00 and set a "buy" rating on the stock in a report on Wednesday, March 26th. Maxim Group lifted their price target on BWX Technologies from $138.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, January 10th. Finally, Seaport Res Ptn upgraded BWX Technologies to a "strong-buy" rating in a report on Tuesday, April 1st. One analyst has rated the stock with a sell rating, two have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price 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 dated Wednesday, February 26th. The shares were sold at an average price of $107.40, for a total transaction of $4,900,125.00. Following the completion of the sale, the chief executive officer now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Robert L. Duffy sold 6,000 shares of the firm's stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 3,206 shares in the company, valued at approximately $333,520.18. The trade was a 65.17 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 53,625 shares of company stock worth $5,734,145. Insiders own 0.47% of the company's stock.

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.