BWX Technologies, Inc. (NYSE:BWXT) Shares Sold by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC decreased its position in BWX Technologies, Inc. (NYSE:BWXT) by 30.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,136,949 shares of the technology company’s stock after selling 495,711 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC’s holdings in BWX Technologies were worth $126,645,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership grew its holdings in BWX Technologies by 137.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 471,260 shares of the technology company’s stock valued at $52,494,000 after purchasing an additional 273,030 shares in the last quarter. Pictet Asset Management Holding SA grew its stake in BWX Technologies by 12.3% during the 4th quarter. Pictet Asset Management Holding SA now owns 13,532 shares of the technology company’s stock valued at $1,507,000 after purchasing an additional 1,478 shares in the last quarter. New Age Alpha Advisors LLC purchased a new stake in BWX Technologies during the 4th quarter worth approximately $2,187,000. Caisse Des Depots ET Consignations acquired a new position in shares of BWX Technologies in the 4th quarter valued at approximately $2,952,000. Finally, Blair William & Co. IL grew its holdings in BWX Technologies by 949.0% during the 4th quarter. Blair William & Co. IL now owns 424,821 shares of the technology company’s stock worth $47,321,000 after acquiring an additional 384,323 shares in the last quarter. Hedge funds and other institutional investors own 94.39% of the company’s stock.

BWX Technologies Price Performance

BWX Technologies stock opened at $99.24 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25. The firm has a market cap of $9.07 billion, a P/E ratio of 32.86, a P/E/G ratio of 3.20 and a beta of 0.69. The business’s fifty day moving average is $107.26 and its two-hundred day moving average is $114.41. BWX Technologies, Inc. has a 52 week low of $86.70 and a 52 week high of $136.31.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings results on Monday, February 24th. The technology company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.12. The business had revenue of $746.27 million for 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%. Equities research analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Tuesday, March 11th were given a $0.25 dividend. 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 1.01%. The ex-dividend date of this dividend was Tuesday, March 11th. BWX Technologies’s payout ratio is currently 32.57%.

Insider Buying and Selling

In other news, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of BWX Technologies stock in a transaction that occurred on 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 directly owns 9,904 shares in the company, valued at $1,039,127.68. This trade represents a 16.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $104.03, for a total transaction of $624,180.00. Following the completion of the sale, the senior vice president now directly owns 3,206 shares in the company, valued at approximately $333,520.18. This represents a 65.17 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 53,625 shares of company stock valued at $5,734,145. Company insiders own 0.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BWXT. Maxim Group raised their price objective on BWX Technologies from $138.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Bank of America decreased their price target on shares of BWX Technologies from $160.00 to $135.00 and set a “buy” rating for the company in a report on Wednesday. Truist Financial upped their price objective on shares of BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a report on Tuesday, January 14th. Finally, Barclays boosted their price objective on BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a research report 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 given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.38.

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.