BWX Technologies, Inc. (NYSE:BWXT) Position Increased by Northern Trust Corp

Northern Trust Corp raised its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 13.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 815,089 shares of the technology company's stock after acquiring an additional 95,811 shares during the quarter. Northern Trust Corp owned approximately 0.89% of BWX Technologies worth $90,793,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. HHM Wealth Advisors LLC boosted its holdings in shares of BWX Technologies by 45.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company's stock worth $32,000 after purchasing an additional 90 shares during the last quarter. Principal Securities Inc. increased its stake in shares of 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 acquiring an additional 91 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of BWX Technologies by 0.4% during the 4th quarter. Louisiana State Employees Retirement System now owns 25,400 shares of the technology company's stock worth $2,829,000 after acquiring an additional 100 shares during the period. AdvisorNet Financial Inc grew its holdings in BWX Technologies by 15.4% in the fourth quarter. AdvisorNet Financial Inc now owns 779 shares of the technology company's stock valued at $87,000 after purchasing an additional 104 shares during the period. Finally, V Square Quantitative Management LLC boosted its holdings in shares of BWX Technologies by 40.5% in the 4th quarter. V Square Quantitative Management LLC now owns 406 shares of the technology company's stock valued at $45,000 after purchasing an additional 117 shares during the last quarter. 94.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at BWX Technologies

In other BWX Technologies 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 value of $4,900,125.00. Following the completion of the sale, the chief executive officer now directly owns 218,218 shares in the company, valued at $23,436,613.20. This represents a 17.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Robert L. Duffy sold 6,000 shares of BWX Technologies stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $104.03, for a total value of $624,180.00. Following the transaction, the senior vice president now owns 3,206 shares in the company, valued at approximately $333,520.18. This trade represents a 65.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 53,625 shares of company stock valued at $5,734,145 in the last quarter. Corporate insiders own 0.47% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Seaport Res Ptn raised BWX Technologies to a "strong-buy" rating in a research report on Tuesday, April 1st. Maxim Group lifted their price target on shares of BWX Technologies from $138.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, January 10th. Truist Financial increased their price objective on shares of BWX Technologies from $106.00 to $114.00 and gave the stock a "hold" rating in a research report on Tuesday, January 14th. Finally, Bank of America cut their target price on shares of BWX Technologies from $160.00 to $135.00 and set a "buy" rating on the stock in a research note on Wednesday, March 26th. One analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $124.38.

BWX Technologies Stock Performance

Shares of NYSE BWXT traded down $0.28 during midday trading on Wednesday, hitting $107.85. The company's stock had a trading volume of 835,777 shares, compared to its average volume of 792,158. 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 firm's fifty day moving average price is $102.08 and its 200-day moving average price is $112.89. BWX Technologies, Inc. has a 1-year low of $84.21 and a 1-year high of $136.31. The firm has a market cap of $9.86 billion, a P/E ratio of 35.71, a P/E/G ratio of 3.20 and a beta of 0.66.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its earnings results on Monday, May 5th. The technology company reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.73 by $0.18. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The company had revenue of $682.26 million for the quarter, compared to analysts' expectations of $644.15 million. During the same period last year, the business posted $0.76 earnings per share. The firm's quarterly revenue was up 13.0% compared to the same quarter last year. On average, sell-side analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, May 19th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend is Monday, May 19th. BWX Technologies's dividend payout ratio is currently 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.