Zacks Investment Management Takes Position in BWX Technologies, Inc. (NYSE:BWXT)

Zacks Investment Management bought a new stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,522 shares of the technology company's stock, valued at approximately $392,000.

A number of other hedge funds have also modified their holdings of BWXT. Retirement Wealth Solutions LLC acquired a new position in shares of BWX Technologies during the 4th quarter worth approximately $30,000. HHM Wealth Advisors LLC grew its holdings in 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 period. Principal Securities Inc. increased 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 in the last quarter. V Square Quantitative Management LLC boosted its holdings in BWX Technologies by 40.5% during the 4th 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 last quarter. Finally, UMB Bank n.a. increased its holdings in BWX Technologies by 97.3% during the fourth 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 last quarter. 94.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BWXT has been the subject of a number of research analyst reports. Maxim Group lifted their price objective on shares of BWX Technologies from $138.00 to $140.00 and gave the stock a "buy" rating in a report on Friday, January 10th. Truist Financial raised 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. Bank of America reduced their price objective on BWX Technologies from $160.00 to $135.00 and set a "buy" rating for the company in a report on Wednesday, March 26th. Finally, Seaport Res Ptn raised shares of BWX Technologies to a "strong-buy" rating in a report on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, BWX Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $124.38.

BWX Technologies Price Performance

NYSE:BWXT traded up $1.16 during trading hours on Friday, hitting $109.09. The company's stock had a trading volume of 156,465 shares, compared to its average volume of 783,402. 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 business's 50-day moving average is $101.05 and its two-hundred day moving average is $113.54. BWX Technologies, Inc. has a 52-week low of $84.21 and a 52-week high of $136.31. The company has a market capitalization of $9.97 billion, a PE ratio of 36.12, a PEG ratio of 3.20 and a beta of 0.67.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its quarterly earnings results on Monday, February 24th. The technology company reported $0.92 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $653.16 million. As a group, research analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Increases Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 0.92%. This is a positive change from BWX Technologies's previous quarterly dividend of $0.24. BWX Technologies's dividend payout ratio is presently 32.57%.

Insider Buying and Selling at BWX Technologies

In other BWX Technologies news, CEO Rex D. Geveden sold 45,625 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $107.40, for a total value of $4,900,125.00. Following the completion of the sale, the chief executive officer now directly owns 218,218 shares of the company's stock, 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 Securities & Exchange Commission, which is available at this link. Also, 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 value of $624,180.00. Following the completion of the sale, the senior vice president now owns 3,206 shares in the company, valued at approximately $333,520.18. This 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 valued at $5,734,145 in the last 90 days. 0.47% of the stock is currently owned by corporate insiders.

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.