Price T Rowe Associates Inc. MD Purchases 323,445 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Price T Rowe Associates Inc. MD grew its holdings in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 248.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 453,680 shares of the technology company's stock after purchasing an additional 323,445 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.50% of BWX Technologies worth $50,537,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Retirement Wealth Solutions LLC bought a new position in BWX Technologies in the 4th quarter worth approximately $30,000. HHM Wealth Advisors LLC increased its position in 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 acquiring an additional 90 shares during the period. Principal Securities Inc. raised its stake 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 boosted 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 valued at $45,000 after purchasing an additional 117 shares during the period. Finally, UMB Bank n.a. grew its position in 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 purchasing an additional 250 shares during the last quarter. 94.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Bank of America reduced their target price on shares of BWX Technologies from $160.00 to $135.00 and set a "buy" rating for the company in a research note on Wednesday, March 26th. Seaport Res Ptn upgraded BWX Technologies to a "strong-buy" rating in a research report on Tuesday, April 1st. Truist Financial boosted their price objective on BWX Technologies from $106.00 to $114.00 and gave the company a "hold" rating in a research report on Tuesday, January 14th. Finally, 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $124.38.

BWX Technologies Price Performance

Shares of NYSE:BWXT traded up $0.03 during trading on Monday, reaching $112.64. The stock had a trading volume of 127,127 shares, compared to its average volume of 976,776. The stock has a market capitalization of $10.29 billion, a PE ratio of 37.30, a P/E/G ratio of 3.20 and a beta of 0.66. BWX Technologies, Inc. has a 52 week low of $84.21 and a 52 week high of $136.31. The business's 50-day moving average price is $101.77 and its 200 day moving average price is $113.05. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $746.27 million during the quarter, compared to the consensus estimate of $653.16 million. As a group, equities analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Increases Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 0.89%. This is an increase from BWX Technologies's previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Tuesday, March 11th. BWX Technologies's payout ratio is 32.57%.

Insider Activity at BWX Technologies

In other BWX Technologies news, SVP Robert L. Duffy sold 6,000 shares of BWX Technologies stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $104.03, for a total transaction of $624,180.00. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Rex D. Geveden sold 45,625 shares of BWX Technologies stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 218,218 shares in the company, valued at approximately $23,436,613.20. The trade was a 17.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 53,625 shares of company stock worth $5,734,145 over the last ninety days. Company insiders own 0.47% of the company's stock.

BWX Technologies 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.