BWX Technologies, Inc. (NYSE:BWXT) SVP Sells $209,840.00 in Stock

BWX Technologies, Inc. (NYSE:BWXT) SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $104.92, for a total value of $209,840.00. Following the sale, the senior vice president now owns 9,904 shares in the company, valued at approximately $1,039,127.68. The trade was a 16.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

BWX Technologies Stock Up 1.7 %

BWXT opened at $103.82 on Friday. The company has a fifty day moving average of $113.12 and a two-hundred day moving average of $114.14. The stock has a market capitalization of $9.50 billion, a price-to-earnings ratio of 34.38, a PEG ratio of 3.20 and a beta of 0.73. BWX Technologies, Inc. has a fifty-two week low of $86.70 and a fifty-two 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 announced its quarterly earnings results on Monday, February 24th. The technology company reported $0.92 earnings per share 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 analyst estimates of $653.16 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. On average, research analysts expect that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Tuesday, March 11th will be given a dividend of $0.25 per share. This is a positive change from BWX Technologies’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.96%. BWX Technologies’s dividend payout ratio (DPR) is 32.57%.

Institutional Investors Weigh In On BWX Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in BWXT. Stone House Investment Management LLC lifted its holdings in BWX Technologies by 76.2% during the third quarter. Stone House Investment Management LLC now owns 229 shares of the technology company’s stock valued at $25,000 after purchasing an additional 99 shares in the last quarter. Quarry LP raised its position in shares of BWX Technologies by 93.6% during the 3rd quarter. Quarry LP now owns 271 shares of the technology company’s stock worth $29,000 after purchasing an additional 131 shares during the last quarter. Retirement Wealth Solutions LLC purchased a new position in BWX Technologies in the 4th quarter valued at about $30,000. HHM Wealth Advisors LLC boosted its holdings in BWX Technologies by 45.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company’s stock worth $32,000 after buying an additional 90 shares during the last quarter. Finally, Ameriflex Group Inc. purchased a new stake in BWX Technologies during the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 94.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on BWXT shares. StockNews.com lowered BWX Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Bank of America upped their price objective on shares of BWX Technologies from $115.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Barclays raised their target price on shares of BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a report on Monday, December 16th. Maxim Group boosted their target price 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. Finally, Truist Financial increased their price target on BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, BWX Technologies presently has an average rating of “Moderate Buy” and an average price target of $127.50.

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.