Independent Advisor Alliance Purchases 676 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Independent Advisor Alliance increased its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 2.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,177 shares of the technology company’s stock after acquiring an additional 676 shares during the period. Independent Advisor Alliance’s holdings in BWX Technologies were worth $3,139,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Stone House Investment Management LLC increased its holdings in BWX Technologies by 76.2% during the 3rd quarter. Stone House Investment Management LLC now owns 229 shares of the technology company’s stock worth $25,000 after acquiring an additional 99 shares during the period. Quarry LP increased its holdings in BWX Technologies by 93.6% during the 3rd quarter. Quarry LP now owns 271 shares of the technology company’s stock worth $29,000 after acquiring an additional 131 shares during the period. Retirement Wealth Solutions LLC bought a new stake in BWX Technologies during the 4th quarter worth approximately $30,000. HHM Wealth Advisors LLC increased its holdings in 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 acquiring an additional 90 shares during the period. Finally, Principal Securities Inc. increased its holdings in BWX Technologies by 40.4% during 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. Institutional investors own 94.39% of the company’s stock.

Insider Activity at BWX Technologies

In related news, 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 $23,436,613.20. This represents a 17.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the company’s 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 53,625 shares of company stock worth $5,734,145 in the last three months. 0.47% of the stock is owned by insiders.

BWX Technologies Price Performance

Shares of BWX Technologies stock opened at $98.28 on Thursday. BWX Technologies, Inc. has a 52-week low of $86.70 and a 52-week high of $136.31. The stock has a market capitalization of $8.99 billion, a price-to-earnings ratio of 32.54, a price-to-earnings-growth ratio of 3.20 and a beta of 0.69. The company has a fifty day moving average of $111.19 and a 200-day moving average of $114.44. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings data on Monday, February 24th. The technology company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.12. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The company had revenue of $746.27 million during the quarter, compared to analysts’ expectations of $653.16 million. Equities research analysts expect that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Tuesday, March 11th will be issued a dividend of $0.25 per share. This is a positive change from BWX Technologies’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Tuesday, March 11th. BWX Technologies’s dividend payout ratio is currently 32.57%.

Wall Street Analysts Forecast Growth

BWXT has been the subject of a number of research reports. Maxim Group boosted their price target on shares of 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 boosted their price target on shares of BWX Technologies from $115.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Barclays boosted their price target on shares of BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a research note on Monday, December 16th. Finally, Truist Financial boosted their price target on shares of BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, BWX Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $127.50.

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.