Signaturefd LLC Boosts Position in BWX Technologies, Inc. (NYSE:BWXT)

Signaturefd LLC boosted its position in BWX Technologies, Inc. (NYSE:BWXT) by 7.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,132 shares of the technology company’s stock after purchasing an additional 1,602 shares during the period. Signaturefd LLC’s holdings in BWX Technologies were worth $2,465,000 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. Twin Tree Management LP bought a new stake in shares of BWX Technologies during the 4th quarter valued at $2,625,000. Envestnet Portfolio Solutions Inc. grew its holdings in BWX Technologies by 11.1% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 2,452 shares of the technology company’s stock valued at $273,000 after purchasing an additional 245 shares during the period. Natixis Advisors LLC increased its position in BWX Technologies by 0.7% in the fourth quarter. Natixis Advisors LLC now owns 147,732 shares of the technology company’s stock worth $16,456,000 after buying an additional 985 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of BWX Technologies by 32.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 19,626 shares of the technology company’s stock worth $2,186,000 after buying an additional 4,766 shares during the period. Finally, Bowen Hanes & Co. Inc. purchased a new position in shares of BWX Technologies during the 4th quarter valued at about $25,381,000. Hedge funds and other institutional investors own 94.39% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. 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 note on Friday, January 10th. Truist Financial lifted their target price on shares of BWX Technologies from $106.00 to $114.00 and gave the company a “hold” rating in a research note on Tuesday, January 14th. Finally, Barclays increased their price target on BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a research note 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 assigned a buy rating to the company’s stock. According to MarketBeat, BWX Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $127.50.

BWX Technologies Stock Performance

Shares of NYSE BWXT opened at $99.85 on Tuesday. The firm’s fifty day moving average is $110.04 and its two-hundred day moving average is $114.34. BWX Technologies, Inc. has a 52-week low of $86.70 and a 52-week high of $136.31. The company has a market cap of $9.13 billion, a P/E ratio of 33.06, a P/E/G ratio of 3.20 and a beta of 0.69. 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 (NYSE:BWXT) last posted its earnings results on Monday, February 24th. The technology company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.12. The company had revenue of $746.27 million for the quarter, compared to the consensus estimate of $653.16 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. As a group, analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal 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 given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.00%. The ex-dividend date is Tuesday, March 11th. This is a boost from BWX Technologies’s previous quarterly dividend of $0.24. BWX Technologies’s payout ratio is currently 32.57%.

Insider Activity at BWX Technologies

In other news, SVP Robert L. Duffy sold 6,000 shares of the business’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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the firm’s stock in a transaction 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 completion of the sale, the senior vice president now owns 9,904 shares of the company’s stock, valued at approximately $1,039,127.68. This represents a 16.80 % 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 over the last 90 days. 0.47% of the stock is 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.