Boston Partners Has $107.66 Million Stock Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Boston Partners decreased its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT) by 16.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 966,141 shares of the technology company’s stock after selling 191,477 shares during the period. Boston Partners owned about 1.06% of BWX Technologies worth $107,657,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. FMR LLC lifted its stake in BWX Technologies by 22.3% during the third quarter. FMR LLC now owns 1,754,567 shares of the technology company’s stock worth $190,721,000 after purchasing an additional 320,217 shares during the period. Geode Capital Management LLC lifted its stake in BWX Technologies by 1.6% during 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 lifted its stake in BWX Technologies by 46.7% during the fourth quarter. Van ECK Associates Corp now owns 1,408,736 shares of the technology company’s stock worth $156,919,000 after purchasing an additional 448,467 shares during the period. Bank of New York Mellon Corp lifted its stake in BWX Technologies by 19.8% during the fourth quarter. Bank of New York Mellon Corp now owns 1,379,779 shares of the technology company’s stock worth $153,694,000 after purchasing an additional 228,413 shares during the period. Finally, Copeland Capital Management LLC lifted its stake in BWX Technologies by 0.7% during the fourth quarter. Copeland Capital Management LLC now owns 716,946 shares of the technology company’s stock worth $79,861,000 after purchasing an additional 5,173 shares during the period. Institutional investors own 94.39% of the company’s stock.

Insider Activity at BWX Technologies

In related news, CEO Rex D. Geveden sold 45,625 shares of the company’s 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 transaction, the chief executive officer now directly owns 218,218 shares of the company’s stock, valued at approximately $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 accessible through this link. Also, SVP Robert L. Duffy sold 6,000 shares of the stock in a transaction dated 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. This represents a 65.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 53,625 shares of company stock worth $5,734,145 in the last quarter. Corporate insiders own 0.47% of the company’s stock.

BWX Technologies Stock Performance

Shares of BWX Technologies stock opened at $98.80 on Wednesday. The firm has a fifty day moving average of $109.71 and a two-hundred day moving average of $114.31. The stock has a market capitalization of $9.04 billion, a price-to-earnings ratio of 32.72, a PEG ratio of 3.20 and a beta of 0.69. BWX Technologies, Inc. has a 52 week low of $86.70 and a 52 week high of $136.31. 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 issued its 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. The company 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%. As a group, equities research analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Increases Dividend

The company also recently disclosed 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. The ex-dividend date is Tuesday, March 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.01%. This is a boost from BWX Technologies’s previous quarterly dividend of $0.24. BWX Technologies’s dividend payout ratio is currently 32.57%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on BWXT shares. Maxim Group raised 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 upped their price objective on BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a report on Tuesday, January 14th. Finally, Barclays upped their price objective on BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a report on Monday, December 16th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $127.50.

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.