Signaturefd LLC Acquires 1,602 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Signaturefd LLC increased its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT) by 7.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 22,132 shares of the technology company’s stock after acquiring an additional 1,602 shares during the period. Signaturefd LLC’s holdings in BWX Technologies were worth $2,465,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. FMR LLC boosted its stake in shares of BWX Technologies by 22.3% during the third quarter. FMR LLC now owns 1,754,567 shares of the technology company’s stock valued at $190,721,000 after purchasing an additional 320,217 shares during the period. Geode Capital Management LLC grew its stake in BWX Technologies by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,682,563 shares of the technology company’s stock worth $182,938,000 after acquiring an additional 26,130 shares in the last quarter. Van ECK Associates Corp increased its position in shares of 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 acquiring an additional 448,467 shares during the period. Bank of New York Mellon Corp raised its stake in shares of 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 valued at $153,694,000 after acquiring an additional 228,413 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of BWX Technologies by 29.1% in the third quarter. Thrivent Financial for Lutherans now owns 746,145 shares of the technology company’s stock valued at $81,105,000 after purchasing an additional 168,077 shares during the period. Hedge funds and other institutional investors own 94.39% of the company’s stock.

Insider Buying and Selling

In other BWX Technologies news, CEO Rex D. Geveden sold 45,625 shares of the firm’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 owns 218,218 shares of the company’s stock, valued at approximately $23,436,613.20. This trade represents a 17.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Robert L. Duffy sold 6,000 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $104.03, for a total transaction of $624,180.00. Following the sale, the senior vice president now directly owns 3,206 shares in the company, valued at $333,520.18. This trade represents a 65.17 % 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 worth $5,734,145 in the last ninety days. 0.47% of the stock is owned by insiders.

BWX Technologies Price Performance

BWXT opened at $99.85 on Tuesday. The firm has a market capitalization of $9.13 billion, a PE ratio of 33.06, a price-to-earnings-growth ratio of 3.20 and a beta of 0.69. The business’s 50-day moving average is $110.04 and its two-hundred day moving average is $114.34. BWX Technologies, Inc. has a 1 year low of $86.70 and a 1 year high of $136.31. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings data on Monday, February 24th. The technology company reported $0.92 EPS for the quarter, topping 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 net margin of 10.32% and a return on equity of 31.95%. Research analysts anticipate that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Increases Dividend

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

Analyst Ratings Changes

Several research analysts have commented on the company. Truist Financial raised 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. Maxim Group lifted their price objective on BWX Technologies from $138.00 to $140.00 and gave the company a “buy” rating in a report on Friday, January 10th. Finally, Barclays upped their price objective on shares of BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a research note on Monday, December 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, BWX Technologies presently has an average rating of “Moderate Buy” and an average target price 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.