Susquehanna Fundamental Investments LLC Buys New Position in BWX Technologies, Inc. (NYSE:BWXT)

Susquehanna Fundamental Investments LLC purchased a new position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 126,304 shares of the technology company's stock, valued at approximately $14,069,000. Susquehanna Fundamental Investments LLC owned 0.14% of BWX Technologies at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. HHM Wealth Advisors LLC lifted its holdings in shares of BWX Technologies by 45.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company's stock worth $32,000 after buying an additional 90 shares in the last quarter. Principal Securities Inc. increased its holdings in BWX Technologies by 40.4% in 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 stake in BWX Technologies by 0.4% in the 4th quarter. Louisiana State Employees Retirement System now owns 25,400 shares of the technology company's stock worth $2,829,000 after purchasing an additional 100 shares in the last quarter. AdvisorNet Financial Inc boosted its holdings in shares of BWX Technologies by 15.4% during the 4th 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 last quarter. Finally, V Square Quantitative Management LLC grew its position in shares of BWX Technologies by 40.5% during the fourth 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 in the last quarter. 94.39% of the stock is owned by hedge funds and other institutional investors.

BWX Technologies Trading Up 1.6 %

Shares of NYSE BWXT traded up $1.73 during mid-day trading on Friday, reaching $112.85. The company had a trading volume of 403,314 shares, compared to its average volume of 785,793. The stock has a market cap of $10.31 billion, a price-to-earnings ratio of 37.37, a price-to-earnings-growth ratio of 3.20 and a beta of 0.67. 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 is $101.60 and its 200-day moving average is $113.26. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15.

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, topping analysts' consensus estimates of $0.80 by $0.12. The business had revenue of $746.27 million for the quarter, compared to the consensus estimate of $653.16 million. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. Equities analysts expect 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. Stockholders of record on Tuesday, March 11th were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.00 annualized dividend and a dividend yield of 0.89%. This is a positive change from BWX Technologies's previous quarterly dividend of $0.24. BWX Technologies's payout ratio is currently 32.57%.

Insider Transactions at BWX Technologies

In related news, 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 transaction 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 position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of BWX Technologies stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $104.92, for a total value of $209,840.00. Following the completion of 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 53,625 shares of company stock valued at $5,734,145. Company insiders own 0.47% of the company's stock.

Wall Street Analysts Forecast Growth

BWXT has been the topic of a number of research analyst reports. Bank of America decreased their target price on BWX Technologies from $160.00 to $135.00 and set a "buy" rating on the stock in a research report on Wednesday, March 26th. Maxim Group increased their target price on BWX Technologies from $138.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, January 10th. Seaport Res Ptn upgraded shares of BWX Technologies to a "strong-buy" rating in a research report on Tuesday, April 1st. Finally, Truist Financial upped their price target on shares of BWX Technologies from $106.00 to $114.00 and gave the company a "hold" rating in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $124.38.

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.