MetLife Investment Management LLC Purchases 4,270 Shares of BWX Technologies, Inc. (NYSE:BWXT)

MetLife Investment Management LLC boosted its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 8.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 52,362 shares of the technology company’s stock after purchasing an additional 4,270 shares during the quarter. MetLife Investment Management LLC owned 0.06% of BWX Technologies worth $5,833,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of BWXT. Demars Financial Group LLC boosted its holdings in shares of BWX Technologies by 9,309.0% in the fourth quarter. Demars Financial Group LLC now owns 4,482,439 shares of the technology company’s stock valued at $499,299,000 after buying an additional 4,434,799 shares during the period. Raymond James Financial Inc. bought a new stake in BWX Technologies during the fourth quarter worth about $69,730,000. Stephens Investment Management Group LLC acquired a new position in BWX Technologies during the fourth quarter valued at approximately $50,054,000. Van ECK Associates Corp boosted its position 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 valued at $156,919,000 after purchasing an additional 448,467 shares during the last quarter. Finally, Blair William & Co. IL boosted its holdings in shares of BWX Technologies by 949.0% in the 4th quarter. Blair William & Co. IL now owns 424,821 shares of the technology company’s stock valued at $47,321,000 after buying an additional 384,323 shares during the last quarter. 94.39% of the stock is currently owned by institutional investors and hedge funds.

BWX Technologies Stock Performance

NYSE BWXT opened at $104.59 on Thursday. BWX Technologies, Inc. has a 1 year low of $84.21 and a 1 year high of $136.31. The firm’s 50 day simple moving average is $101.03 and its 200 day simple moving average is $113.60. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $9.56 billion, a price-to-earnings ratio of 34.63, a P/E/G ratio of 3.20 and a beta of 0.67.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings data 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 business had revenue of $746.27 million during the quarter, compared to the consensus estimate of $653.16 million. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. As a group, research analysts expect that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Tuesday, March 11th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date was Tuesday, March 11th. This is a boost from BWX Technologies’s previous quarterly dividend of $0.24. BWX Technologies’s dividend payout ratio is presently 32.57%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Truist Financial upped their price target on shares of BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. Maxim Group boosted their target price on BWX Technologies from $138.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Bank of America lowered their price target on shares of BWX Technologies from $160.00 to $135.00 and set a “buy” rating on the stock in a report on Wednesday, March 26th. Finally, Seaport Res Ptn raised shares of BWX Technologies to a “strong-buy” rating in a report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $124.38.

Insider Buying and Selling at BWX Technologies

In other BWX Technologies news, SVP Robert L. Duffy sold 6,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 3,206 shares in the company, valued at approximately $333,520.18. This trade represents a 65.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $4,900,125.00. Following the completion of the sale, the chief executive officer now directly owns 218,218 shares in the company, valued at approximately $23,436,613.20. This represents a 17.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 53,625 shares of company stock worth $5,734,145. 0.47% of the stock is currently owned by insiders.

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.