BWX Technologies, Inc. (NYSE:BWXT) Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC raised its stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 41.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 187,900 shares of the technology company's stock after buying an additional 54,700 shares during the period. Renaissance Technologies LLC owned about 0.21% of BWX Technologies worth $20,930,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Narwhal Capital Management raised its holdings in shares of BWX Technologies by 33.4% in the 4th quarter. Narwhal Capital Management now owns 20,979 shares of the technology company's stock valued at $2,337,000 after purchasing an additional 5,250 shares in the last quarter. Geode Capital Management LLC grew its stake in BWX Technologies by 1.6% in the third quarter. Geode Capital Management LLC now owns 1,682,563 shares of the technology company's stock valued at $182,938,000 after purchasing an additional 26,130 shares during the last quarter. Cadinha & Co. LLC lifted its position in shares of BWX Technologies by 469.2% during the fourth quarter. Cadinha & Co. LLC now owns 64,341 shares of the technology company's stock valued at $7,167,000 after buying an additional 53,038 shares during the last quarter. Cooper Financial Group purchased a new position in shares of BWX Technologies in the 4th quarter worth approximately $737,000. Finally, Strategic Planning Group LLC acquired a new stake in BWX Technologies in the fourth quarter valued at approximately $3,005,000. Institutional investors own 94.39% of the company's stock.

Insiders Place Their Bets

In other BWX Technologies news, CEO Rex D. Geveden sold 45,625 shares of the business's 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 owns 218,218 shares in the company, valued at $23,436,613.20. The trade was a 17.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Robert L. Duffy sold 6,000 shares of BWX Technologies stock in a transaction 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 sale, the senior vice president now directly owns 3,206 shares of the company's stock, 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 a total of 53,625 shares of company stock worth $5,734,145 in the last quarter. 0.47% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Seaport Res Ptn raised BWX Technologies to a "strong-buy" rating in a research report on Tuesday, April 1st. Maxim Group upped their price objective on shares of BWX Technologies from $138.00 to $140.00 and gave the company a "buy" rating in a report on Friday, January 10th. Truist Financial boosted their price target on shares of BWX Technologies from $106.00 to $114.00 and gave the stock a "hold" rating in a report on Tuesday, January 14th. Finally, Bank of America decreased their price target 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 assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $124.38.

BWX Technologies Trading Down 0.1 %

Shares of NYSE BWXT traded down $0.13 during mid-day trading on Friday, reaching $103.73. 813,965 shares of the company's stock were exchanged, compared to its average volume of 784,567. 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 has a market capitalization of $9.48 billion, a price-to-earnings ratio of 34.35, a PEG ratio of 3.20 and a beta of 0.67. The company's 50-day moving average is $101.55 and its 200-day moving average is $113.93. 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 quarterly earnings results on Monday, February 24th. The technology company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.12. The business had revenue of $746.27 million for the quarter, compared to analysts' expectations of $653.16 million. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. Analysts expect that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Tuesday, March 11th were paid a $0.25 dividend. This is a boost from BWX Technologies's previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend was Tuesday, March 11th. BWX Technologies's dividend payout ratio (DPR) is presently 32.57%.

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.