Steward Partners Investment Advisory LLC Buys 9,138 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Steward Partners Investment Advisory LLC boosted its stake in BWX Technologies, Inc. (NYSE:BWXT) by 28.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 41,267 shares of the technology company’s stock after purchasing an additional 9,138 shares during the period. Steward Partners Investment Advisory LLC’s holdings in BWX Technologies were worth $4,597,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC increased its stake in shares of BWX Technologies by 3.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 7,276 shares of the technology company’s stock worth $791,000 after purchasing an additional 225 shares in the last quarter. QRG Capital Management Inc. bought a new stake in shares of BWX Technologies in the third quarter valued at approximately $240,000. Concurrent Investment Advisors LLC raised its position in shares of BWX Technologies by 58.0% in the third quarter. Concurrent Investment Advisors LLC now owns 4,929 shares of the technology company’s stock valued at $536,000 after purchasing an additional 1,810 shares during the period. Advisor Resource Council bought a new stake in shares of BWX Technologies in the third quarter valued at approximately $537,000. Finally, Assetmark Inc. raised its position in shares of BWX Technologies by 10.7% in the third quarter. Assetmark Inc. now owns 32,086 shares of the technology company’s stock valued at $3,488,000 after purchasing an additional 3,090 shares during the period. Institutional investors own 94.39% of the company’s stock.

Insider Activity

In other BWX Technologies news, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $104.92, for a total transaction of $209,840.00. Following the completion of the sale, the senior vice president now owns 9,904 shares of the company’s stock, valued at $1,039,127.68. This represents a 16.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Robert L. Duffy sold 6,000 shares of the stock in a transaction 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 sale, the senior vice president now directly owns 3,206 shares of the company’s stock, valued at $333,520.18. The trade was a 65.17 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 53,625 shares of company stock valued at $5,734,145. Corporate insiders own 0.47% of the company’s stock.

BWX Technologies Price Performance

Shares of NYSE:BWXT opened at $100.18 on Friday. The company’s fifty day moving average price is $112.31 and its 200-day moving average price is $114.40. The firm has a market capitalization of $9.16 billion, a price-to-earnings ratio of 33.17, a PEG ratio of 3.20 and a beta of 0.73. BWX Technologies, Inc. has a one year low of $86.70 and a one year high of $136.31. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings results on Monday, February 24th. The technology company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates 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%. On average, equities research analysts anticipate that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Increases Dividend

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

Analyst Ratings Changes

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

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.