Voya Investment Management LLC Has $2.96 Million Position in BWX Technologies, Inc. (NYSE:BWXT)

Voya Investment Management LLC raised its stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 34.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,550 shares of the technology company's stock after purchasing an additional 6,862 shares during the period. Voya Investment Management LLC's holdings in BWX Technologies were worth $2,957,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Demars Financial Group LLC grew its holdings in shares of BWX Technologies by 9,309.0% during the fourth quarter. Demars Financial Group LLC now owns 4,482,439 shares of the technology company's stock worth $499,299,000 after purchasing an additional 4,434,799 shares during the last quarter. Raymond James Financial Inc. purchased a new position in BWX Technologies during the 4th quarter worth approximately $69,730,000. Stephens Investment Management Group LLC acquired a new position in BWX Technologies during the fourth quarter worth approximately $50,054,000. Van ECK Associates Corp lifted its stake in BWX Technologies by 46.7% in the fourth quarter. Van ECK Associates Corp now owns 1,408,736 shares of the technology company's stock valued at $156,919,000 after buying an additional 448,467 shares during the last quarter. Finally, Blair William & Co. IL raised its position in BWX Technologies by 949.0% during the 4th quarter. Blair William & Co. IL now owns 424,821 shares of the technology company's stock worth $47,321,000 after buying an additional 384,323 shares during the last quarter. 94.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Truist Financial increased their target price on shares of BWX Technologies from $106.00 to $114.00 and gave the company a "hold" rating in a report on Tuesday, January 14th. Maxim Group raised their target price on shares of BWX Technologies from $138.00 to $140.00 and gave the stock 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 report on Tuesday, April 1st. Finally, Bank of America cut 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 investment analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $124.38.

Insider Buying and Selling at BWX Technologies

In other BWX Technologies news, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the stock in a transaction that occurred on 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 sale, the senior vice president now owns 9,904 shares in the company, valued at $1,039,127.68. This represents a 16.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rex D. Geveden sold 45,625 shares of BWX Technologies stock in a transaction 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 sale, the chief executive officer now directly owns 218,218 shares of the company's stock, valued at $23,436,613.20. This trade represents a 17.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 53,625 shares of company stock valued at $5,734,145 in the last three months. 0.47% of the stock is currently owned by company insiders.

BWX Technologies Price Performance

Shares of NYSE BWXT traded down $0.20 during mid-day trading on Wednesday, reaching $107.93. 422,219 shares of the company traded hands, compared to its average volume of 794,968. BWX Technologies, Inc. has a fifty-two week low of $84.21 and a fifty-two week high of $136.31. The firm has a market cap of $9.86 billion, a PE ratio of 35.72, a price-to-earnings-growth ratio of 3.20 and a beta of 0.66. The stock has a fifty day simple moving average of $102.00 and a 200-day simple moving average of $112.92. 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 posted its quarterly earnings data on Monday, May 5th. The technology company reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.73 by $0.18. The company had revenue of $682.26 million for the quarter, compared to the consensus estimate of $644.15 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The company's quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.76 EPS. Equities research analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Monday, May 19th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Monday, May 19th. BWX Technologies's dividend payout ratio (DPR) is currently 32.57%.

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.