MetLife Investment Management LLC Grows Holdings in BWX Technologies, Inc. (NYSE:BWXT)

MetLife Investment Management LLC boosted its stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 8.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,362 shares of the technology company's stock after purchasing an additional 4,270 shares during the period. MetLife Investment Management LLC owned about 0.06% of BWX Technologies worth $5,833,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in BWXT. Demars Financial Group LLC increased its stake in shares of BWX Technologies by 9,309.0% in the fourth quarter. Demars Financial Group LLC now owns 4,482,439 shares of the technology company's stock valued at $499,299,000 after buying an additional 4,434,799 shares during the period. Raymond James Financial Inc. acquired a new position in BWX Technologies in the 4th quarter valued at approximately $69,730,000. Stephens Investment Management Group LLC acquired a new position in BWX Technologies in the 4th quarter valued at approximately $50,054,000. Van ECK Associates Corp raised its stake in shares of BWX Technologies by 46.7% during the fourth quarter. Van ECK Associates Corp now owns 1,408,736 shares of the technology company's stock valued at $156,919,000 after acquiring an additional 448,467 shares during the last quarter. Finally, Blair William & Co. IL grew its stake in shares of BWX Technologies by 949.0% in the fourth quarter. Blair William & Co. IL now owns 424,821 shares of the technology company's stock worth $47,321,000 after purchasing an additional 384,323 shares during the last quarter. Institutional investors and hedge funds own 94.39% of the company's stock.

BWX Technologies Stock Down 0.1 %

BWXT traded down $0.06 during midday trading on Tuesday, hitting $108.45. The company had a trading volume of 78,946 shares, compared to its average volume of 783,318. The company has a market capitalization of $9.91 billion, a price-to-earnings ratio of 35.86, a PEG ratio of 3.20 and a beta of 0.67. The stock's 50 day moving average price is $101.12 and its 200 day moving average price is $113.37. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15. 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 issued its earnings results on Monday, February 24th. The technology company reported $0.92 EPS for the quarter, beating 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%. On average, research analysts anticipate that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Increases Dividend

The company 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. This is a boost from BWX Technologies's previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date was Tuesday, March 11th. BWX Technologies's dividend payout ratio (DPR) is currently 32.57%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BWXT. Maxim Group raised their target price on BWX Technologies from $138.00 to $140.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Bank of America lowered their price objective on BWX Technologies from $160.00 to $135.00 and set a "buy" rating for the company in a research report on Wednesday, March 26th. Truist Financial upped their target price on BWX Technologies from $106.00 to $114.00 and gave the company a "hold" rating in a report on Tuesday, January 14th. Finally, Seaport Res Ptn upgraded shares of BWX Technologies to a "strong-buy" rating in a report on Tuesday, April 1st. One 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 issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $124.38.

Insider Buying and Selling at BWX Technologies

In other news, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the firm's stock in a transaction that occurred 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 transaction, the senior vice president now owns 9,904 shares in the company, valued at $1,039,127.68. This trade represents a 16.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rex D. Geveden sold 45,625 shares of the company's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $107.40, for a total value of $4,900,125.00. Following the sale, the chief executive officer now owns 218,218 shares of the company's stock, valued at $23,436,613.20. This trade represents a 17.29 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 53,625 shares of company stock worth $5,734,145. 0.47% of the stock is owned by corporate insiders.

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.