Premier Fund Managers Ltd Cuts Stake in BWX Technologies, Inc. (NYSE:BWXT)

Premier Fund Managers Ltd cut its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 11.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,380 shares of the technology company’s stock after selling 6,000 shares during the quarter. Premier Fund Managers Ltd’s holdings in BWX Technologies were worth $4,978,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. HHM Wealth Advisors LLC lifted its position in BWX Technologies by 45.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company’s stock valued at $32,000 after acquiring an additional 90 shares in the last quarter. Principal Securities Inc. lifted its holdings in shares of BWX Technologies by 40.4% during 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 in the last quarter. Louisiana State Employees Retirement System increased its holdings 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 buying an additional 100 shares in the last quarter. AdvisorNet Financial Inc raised its position in BWX Technologies by 15.4% in the 4th quarter. AdvisorNet Financial Inc now owns 779 shares of the technology company’s stock worth $87,000 after buying an additional 104 shares during the last quarter. Finally, V Square Quantitative Management LLC lifted its stake 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 valued at $45,000 after acquiring an additional 117 shares during the period. Institutional investors own 94.39% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Maxim Group lifted their price target on shares of BWX Technologies from $138.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Truist Financial increased their target price 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. Bank of America lowered their price objective on BWX Technologies from $160.00 to $135.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Barclays increased their target price on BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a research report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $124.38.

Insider Buying and Selling

In other news, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of BWX Technologies 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 transaction, the senior vice president now owns 9,904 shares of the company’s stock, valued at $1,039,127.68. The trade was a 16.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Rex D. Geveden sold 45,625 shares of the company’s stock in a transaction dated 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 53,625 shares of company stock valued at $5,734,145. Insiders own 0.47% of the company’s stock.

BWX Technologies Stock Down 0.9 %

NYSE BWXT opened at $101.45 on Friday. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15. BWX Technologies, Inc. has a 52 week low of $86.70 and a 52 week high of $136.31. The firm has a market capitalization of $9.27 billion, a price-to-earnings ratio of 33.59, a PEG ratio of 3.20 and a beta of 0.69. The company has a fifty day moving average of $107.73 and a two-hundred day moving average of $114.26.

BWX Technologies (NYSE:BWXT) last issued 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 company had revenue of $746.27 million for the quarter, compared to the consensus estimate of $653.16 million. On average, analysts predict 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 will be paid on Friday, March 28th. Investors of record on Tuesday, March 11th will be paid a dividend of $0.25 per share. This is a positive change from BWX Technologies’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date is Tuesday, March 11th. BWX Technologies’s dividend payout ratio (DPR) is currently 32.57%.

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.