BWX Technologies, Inc. (NYSE:BWXT) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P lessened its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT) by 12.3% in the fourth quarter, HoldingsChannel reports. The fund owned 299,103 shares of the technology company’s stock after selling 41,823 shares during the period. Loomis Sayles & Co. L P’s holdings in BWX Technologies were worth $33,317,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of BWXT. Quarry LP raised its stake in shares of BWX Technologies by 93.6% during the third quarter. Quarry LP now owns 271 shares of the technology company’s stock valued at $29,000 after purchasing an additional 131 shares in the last quarter. Retirement Wealth Solutions LLC acquired a new position in BWX Technologies during the 4th quarter valued at about $30,000. HHM Wealth Advisors LLC raised its position in shares of BWX Technologies by 45.0% during 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 in the last quarter. Principal Securities Inc. lifted its stake in shares of BWX Technologies by 40.4% in the 4th quarter. Principal Securities Inc. now owns 316 shares of the technology company’s stock worth $35,000 after acquiring an additional 91 shares during the period. Finally, V Square Quantitative Management LLC boosted its holdings in shares of BWX Technologies by 40.5% in the fourth quarter. V Square Quantitative Management LLC now owns 406 shares of the technology company’s stock valued at $45,000 after acquiring an additional 117 shares in the last quarter. Institutional investors own 94.39% of the company’s stock.

Insider Buying and Selling at BWX Technologies

In other news, CEO Rex D. Geveden sold 45,625 shares of the company’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $107.40, for a total value of $4,900,125.00. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $104.92, for a total transaction of $209,840.00. Following the sale, the senior vice president now owns 9,904 shares of the company’s stock, valued at approximately $1,039,127.68. This represents a 16.80 % 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 valued at $5,734,145 in the last three months. 0.47% of the stock is currently owned by company insiders.

BWX Technologies Trading Down 0.9 %

Shares of NYSE BWXT opened at $101.45 on Friday. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15. BWX Technologies, Inc. has a 12 month low of $86.70 and a 12 month high of $136.31. The company has a market cap of $9.27 billion, a price-to-earnings ratio of 33.59, a P/E/G ratio of 3.20 and a beta of 0.69. The business has a fifty day simple moving average of $107.73 and a 200-day simple moving average of $114.26.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings data on Monday, February 24th. The technology company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.12. The company 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%. Sell-side analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Increases Dividend

The company 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. This is an increase from BWX Technologies’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Tuesday, March 11th. BWX Technologies’s payout ratio is 32.57%.

Analysts Set New Price Targets

Several brokerages recently commented on BWXT. Barclays boosted their target price on BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a report on Monday, December 16th. Bank of America cut their price objective on BWX Technologies from $160.00 to $135.00 and set a “buy” rating for the company in a report on Wednesday. Truist Financial lifted their target price on BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a report on Tuesday, January 14th. Finally, Maxim Group upped their price target on shares of BWX Technologies from $138.00 to $140.00 and gave the company a “buy” rating in a report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $124.38.

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.