T. Rowe Price Investment Management Inc. Lowers Stake in BWX Technologies, Inc. (NYSE:BWXT)

T. Rowe Price Investment Management Inc. decreased its stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,762,397 shares of the technology company's stock after selling 31,683 shares during the period. T. Rowe Price Investment Management Inc. owned approximately 4.11% of BWX Technologies worth $419,094,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of BWXT. Retirement Wealth Solutions LLC acquired a new stake in shares of BWX Technologies in the fourth quarter valued at approximately $30,000. HHM Wealth Advisors LLC increased its holdings in shares of BWX Technologies by 45.0% during the 4th 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 last quarter. Principal Securities Inc. raised its position in shares of BWX Technologies by 40.4% in the fourth 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 period. V Square Quantitative Management LLC boosted its holdings 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 worth $45,000 after acquiring an additional 117 shares during the period. Finally, UMB Bank n.a. increased its position in BWX Technologies by 97.3% during the 4th quarter. UMB Bank n.a. now owns 507 shares of the technology company's stock worth $56,000 after buying an additional 250 shares during the period. Institutional investors and hedge funds own 94.39% of the company's stock.

Insider Buying and Selling

In related news, SVP Robert L. Duffy sold 6,000 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $104.03, for a total transaction of $624,180.00. Following the sale, the senior vice president now owns 3,206 shares of the company's stock, valued at approximately $333,520.18. This represents a 65.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the company's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $104.92, for a total transaction of $209,840.00. Following the completion of the transaction, the senior vice president now directly owns 9,904 shares in the company, valued at approximately $1,039,127.68. The trade was a 16.80 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 53,625 shares of company stock valued at $5,734,145. 0.47% of the stock is owned by company insiders.

BWX Technologies Stock Down 0.9 %

Shares of BWX Technologies stock traded down $0.99 during trading hours on Monday, reaching $107.98. The company's stock had a trading volume of 186,341 shares, compared to its average volume of 998,659. The company has a market capitalization of $9.87 billion, a P/E ratio of 35.74, a P/E/G ratio of 3.20 and a beta of 0.67. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25. BWX Technologies, Inc. has a one year low of $84.21 and a one year high of $136.31. The stock's fifty day simple moving average is $101.10 and its two-hundred day simple moving average is $113.43.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its quarterly earnings data on Monday, February 24th. The technology company reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.80 by $0.12. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The firm had revenue of $746.27 million for the quarter, compared to the consensus estimate of $653.16 million. On average, research analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Tuesday, March 11th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend was Tuesday, March 11th. This is an increase from BWX Technologies's previous quarterly dividend of $0.24. BWX Technologies's dividend payout ratio (DPR) is 32.57%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Truist Financial upped 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. Bank of America reduced their target price on shares of BWX Technologies from $160.00 to $135.00 and set a "buy" rating on the stock in a report on Wednesday, March 26th. Maxim Group raised their price objective on BWX Technologies from $138.00 to $140.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Finally, Seaport Res Ptn raised shares of BWX Technologies to a "strong-buy" rating in a research note on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, BWX Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $124.38.

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.