Insider Selling: BWX Technologies, Inc. (NYSE:BWXT) SVP Sells 2,000 Shares of Stock

BWX Technologies, Inc. (NYSE:BWXT) SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the company’s stock in a transaction 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 directly owns 9,904 shares of the company’s stock, valued at $1,039,127.68. The trade was a 16.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

BWX Technologies Price Performance

NYSE:BWXT opened at $103.82 on Friday. BWX Technologies, Inc. has a 52 week low of $86.70 and a 52 week high of $136.31. The stock’s fifty day moving average is $113.12 and its two-hundred day moving average is $114.14. The company has a market capitalization of $9.50 billion, a P/E ratio of 34.38, a P/E/G ratio of 3.20 and a beta of 0.73. 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 (NYSE:BWXT) last issued its quarterly earnings data on Monday, February 24th. The technology company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.12. The firm had revenue of $746.27 million for 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%. Equities analysts expect that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Tuesday, March 11th will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, March 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.96%. This is a boost from BWX Technologies’s previous quarterly dividend of $0.24. BWX Technologies’s dividend payout ratio (DPR) is presently 32.57%.

Analyst Upgrades and Downgrades

BWXT has been the subject of several research reports. Maxim Group upped their price objective on shares of BWX Technologies from $138.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Bank of America upped their price target on BWX Technologies from $115.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Truist Financial increased their price target on BWX Technologies from $106.00 to $114.00 and gave the company a “hold” rating in a report on Tuesday, January 14th. Barclays boosted their price objective on BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a research note on Monday, December 16th. Finally, Alembic Global Advisors raised BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 target price for the company in a research note on Tuesday, November 12th. 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 MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $127.50.

Institutional Trading of BWX Technologies

Several institutional investors have recently added to or reduced their stakes in BWXT. Ameriflex Group Inc. purchased a new position in shares of BWX Technologies during the fourth quarter worth $34,000. Vermillion Wealth Management Inc. purchased a new position in BWX Technologies during the 4th quarter valued at about $40,000. Mackenzie Financial Corp purchased a new position in BWX Technologies during the 4th quarter valued at about $387,000. 10Elms LLP acquired a new position in BWX Technologies in the 4th quarter valued at about $168,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in BWX Technologies by 1.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 319,455 shares of the technology company’s stock worth $35,584,000 after purchasing an additional 5,336 shares during the period. Institutional investors and hedge funds own 94.39% of the company’s stock.

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.