MRP Capital Investments LLC Sells 27,897 Shares of BWX Technologies, Inc. (NYSE:BWXT)

MRP Capital Investments LLC trimmed its holdings in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 61.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,366 shares of the technology company's stock after selling 27,897 shares during the quarter. BWX Technologies makes up approximately 1.5% of MRP Capital Investments LLC's holdings, making the stock its 24th biggest position. MRP Capital Investments LLC's holdings in BWX Technologies were worth $1,333,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Raymond James & Associates boosted its position in shares of BWX Technologies by 4.2% during the 4th quarter. Raymond James & Associates now owns 368,827 shares of the technology company's stock valued at $28,300,000 after acquiring an additional 14,973 shares during the last quarter. FMR LLC boosted its holdings in BWX Technologies by 1.8% in the third quarter. FMR LLC now owns 1,884,236 shares of the technology company's stock worth $141,280,000 after acquiring an additional 32,664 shares in the last quarter. Citigroup Inc. boosted its holdings in BWX Technologies by 11.3% in the third quarter. Citigroup Inc. now owns 67,250 shares of the technology company's stock worth $5,042,000 after acquiring an additional 6,853 shares in the last quarter. EAM Investors LLC acquired a new stake in BWX Technologies in the third quarter worth about $1,621,000. Finally, Barometer Capital Management Inc. boosted its holdings in BWX Technologies by 100.5% in the third quarter. Barometer Capital Management Inc. now owns 48,340 shares of the technology company's stock worth $3,625,000 after acquiring an additional 24,230 shares in the last quarter. 94.39% of the stock is currently owned by institutional investors.

BWX Technologies Price Performance

Shares of BWX Technologies stock traded down $1.43 on Friday, reaching $94.54. The company's stock had a trading volume of 995,433 shares, compared to its average volume of 602,933. The company has a market capitalization of $8.64 billion, a P/E ratio of 35.14, a PEG ratio of 3.08 and a beta of 0.73. BWX Technologies, Inc. has a 52-week low of $60.17 and a 52-week high of $107.18. The stock has a 50-day moving average price of $96.16 and a 200-day moving average price of $83.97. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 1.29.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its quarterly earnings data on Tuesday, February 27th. The technology company reported $1.01 EPS for the quarter, beating analysts' consensus estimates of $0.94 by $0.07. The business had revenue of $725.52 million during the quarter, compared to analysts' expectations of $659.42 million. BWX Technologies had a return on equity of 32.38% and a net margin of 9.85%. The business's revenue was up 16.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.93 earnings per share. Analysts expect that BWX Technologies, Inc. will post 3.14 EPS for the current year.

BWX Technologies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Monday, March 11th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, March 8th. This is a positive change from BWX Technologies's previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.02%. BWX Technologies's payout ratio is currently 35.69%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Bank of America raised their price target on BWX Technologies from $82.00 to $115.00 and gave the stock a "buy" rating in a report on Thursday, March 28th. StockNews.com downgraded BWX Technologies from a "buy" rating to a "hold" rating in a report on Tuesday, March 12th. Finally, Truist Financial restated a "hold" rating and issued a $95.00 price objective (down from $110.00) on shares of BWX Technologies in a research note on Monday, March 25th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $89.00.

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.

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