Princeton Capital Management LLC Makes New $805,000 Investment in BWX Technologies, Inc. (NYSE:BWXT)

Princeton Capital Management LLC acquired a new stake in BWX Technologies, Inc. (NYSE:BWXT) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,226 shares of the technology company’s stock, valued at approximately $805,000.

Other hedge funds also recently modified their holdings of the company. Narwhal Capital Management grew its stake in BWX Technologies by 33.4% in the 4th quarter. Narwhal Capital Management now owns 20,979 shares of the technology company’s stock valued at $2,337,000 after buying an additional 5,250 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of 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 acquiring an additional 26,130 shares during the period. Cadinha & Co. LLC grew its position in shares of BWX Technologies by 469.2% in the fourth quarter. Cadinha & Co. LLC now owns 64,341 shares of the technology company’s stock valued at $7,167,000 after purchasing an additional 53,038 shares during the last quarter. Cooper Financial Group bought a new position in shares of BWX Technologies during the fourth quarter worth approximately $737,000. Finally, Strategic Planning Group LLC bought a new position in shares of BWX Technologies during the fourth quarter worth approximately $3,005,000. Institutional investors and hedge funds own 94.39% of the company’s stock.

Insider Buying and Selling at BWX Technologies

In related news, SVP Robert L. Duffy sold 6,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $104.03, for a total value of $624,180.00. Following the completion of the transaction, the senior vice president now owns 3,206 shares of the company’s stock, valued at $333,520.18. This represents a 65.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Rex D. Geveden sold 45,625 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $107.40, for a total transaction of $4,900,125.00. Following the completion of the sale, the chief executive officer now owns 218,218 shares in the company, valued at $23,436,613.20. This represents a 17.29 % 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 valued at $5,734,145. 0.47% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

BWXT has been the topic of a number of research reports. Truist Financial upped their price objective on BWX Technologies from $106.00 to $114.00 and gave the company a “hold” rating in a report on Tuesday, January 14th. 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, Barclays raised their price target on shares of BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a research report on Monday, December 16th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, BWX Technologies has an average rating of “Moderate Buy” and an average target price of $127.50.

BWX Technologies Stock Up 4.8 %

Shares of NYSE BWXT opened at $104.15 on Tuesday. The stock has a market capitalization of $9.52 billion, a P/E ratio of 34.49, a PEG ratio of 3.20 and a beta of 0.69. The stock’s fifty day moving average is $108.68 and its 200 day moving average is $114.37. 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 released 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. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The firm had revenue of $746.27 million for the quarter, compared to analyst estimates of $653.16 million. Sell-side analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Increases Dividend

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

BWX Technologies Company 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.