Wellington Management Group LLP Sells 1,031,699 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Wellington Management Group LLP lessened its holdings in BWX Technologies, Inc. (NYSE:BWXT) by 34.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,938,303 shares of the technology company’s stock after selling 1,031,699 shares during the quarter. Wellington Management Group LLP’s holdings in BWX Technologies were worth $215,908,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. increased its stake in BWX Technologies by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 9,211,924 shares of the technology company’s stock worth $1,026,116,000 after acquiring an additional 202,917 shares during the period. Geode Capital Management LLC increased its position in shares of BWX Technologies by 1.6% in the third quarter. Geode Capital Management LLC now owns 1,682,563 shares of the technology company’s stock worth $182,938,000 after purchasing an additional 26,130 shares during the period. Van ECK Associates Corp raised 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 purchasing an additional 448,467 shares in the last quarter. Bank of New York Mellon Corp raised its stake in BWX Technologies by 19.8% in the fourth quarter. Bank of New York Mellon Corp now owns 1,379,779 shares of the technology company’s stock valued at $153,694,000 after purchasing an additional 228,413 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its position in BWX Technologies by 1.4% during the fourth quarter. Clearbridge Investments LLC now owns 899,013 shares of the technology company’s stock worth $100,141,000 after purchasing an additional 12,196 shares during the period. 94.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on BWXT shares. Truist Financial boosted their target price on shares of BWX Technologies from $106.00 to $114.00 and gave the company a “hold” rating in a research report on Tuesday, January 14th. Maxim Group boosted their price objective on shares of BWX Technologies from $138.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Bank of America reduced their target price on BWX Technologies from $160.00 to $135.00 and set a “buy” rating on the stock in a report on Wednesday, March 26th. Barclays boosted their price target on BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a report on Monday, December 16th. Finally, Seaport Res Ptn raised BWX Technologies to a “strong-buy” rating in a research note on Tuesday. One equities 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 stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $124.38.

BWX Technologies Stock Performance

NYSE:BWXT opened at $102.00 on Thursday. The stock’s 50-day moving average is $105.73 and its 200-day moving average is $114.46. BWX Technologies, Inc. has a 1-year low of $86.70 and a 1-year high of $136.31. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. The stock has a market cap of $9.32 billion, a P/E ratio of 33.77, a price-to-earnings-growth ratio of 3.20 and a beta of 0.67.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings results on Monday, February 24th. The technology company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.12. The firm had revenue of $746.27 million during the quarter, compared to analysts’ expectations of $653.16 million. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. Equities research analysts anticipate that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Tuesday, March 11th were issued a dividend of $0.25 per share. 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. This represents a $1.00 annualized dividend and a yield of 0.98%. BWX Technologies’s payout ratio is presently 32.57%.

Insider Buying and Selling at BWX Technologies

In related news, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $104.92, for a total value of $209,840.00. Following the sale, the senior vice president now directly owns 9,904 shares in the company, valued at $1,039,127.68. This represents a 16.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Robert L. Duffy sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $104.03, for a total transaction of $624,180.00. Following the transaction, the senior vice president now owns 3,206 shares of the company’s stock, valued at approximately $333,520.18. The trade was a 65.17 % 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 worth $5,734,145. Insiders own 0.47% of the company’s stock.

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.