Natixis Advisors LLC Raises Position in BWX Technologies, Inc. (NYSE:BWXT)

Natixis Advisors LLC lifted its stake in BWX Technologies, Inc. (NYSE:BWXT) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 147,732 shares of the technology company’s stock after buying an additional 985 shares during the period. Natixis Advisors LLC’s holdings in BWX Technologies were worth $16,456,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of BWXT. Raymond James Financial Inc. purchased a new position in BWX Technologies in the fourth quarter valued at about $69,730,000. Stephens Investment Management Group LLC purchased a new position in BWX Technologies in the fourth quarter valued at about $50,054,000. Van ECK Associates Corp boosted its holdings in BWX Technologies by 46.7% in 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. FMR LLC boosted its holdings in BWX Technologies by 22.3% in the third quarter. FMR LLC now owns 1,754,567 shares of the technology company’s stock valued at $190,721,000 after purchasing an additional 320,217 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in BWX Technologies by 19.8% in the fourth quarter. Bank of New York Mellon Corp now owns 1,379,779 shares of the technology company’s stock valued at $153,694,000 after purchasing an additional 228,413 shares during the last quarter. Hedge funds and other institutional investors own 94.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BWXT. 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 increased their price target on BWX Technologies from $90.00 to $105.00 and gave the company an “underweight” rating in a report on Monday, December 16th. Finally, Maxim Group upped their price objective on BWX Technologies from $138.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, January 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, BWX Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $127.50.

BWX Technologies Stock Performance

Shares of BWXT stock opened at $98.80 on Wednesday. BWX Technologies, Inc. has a 12-month low of $86.70 and a 12-month high of $136.31. The firm has a market capitalization of $9.04 billion, a price-to-earnings ratio of 32.72, a price-to-earnings-growth ratio of 3.20 and a beta of 0.69. The business has a 50 day simple moving average of $109.71 and a 200 day simple moving average of $114.31. 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 data on Monday, February 24th. The technology company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.12. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The business had revenue of $746.27 million during the quarter, compared to analyst estimates of $653.16 million. On average, equities research analysts anticipate 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. Shareholders of record on Tuesday, March 11th will be paid 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 1.01%. The ex-dividend date of this dividend is Tuesday, March 11th. BWX Technologies’s dividend payout ratio (DPR) is presently 32.57%.

Insider Buying and Selling at BWX Technologies

In other BWX Technologies news, SVP Robert L. Duffy sold 6,000 shares of the stock in a transaction on Wednesday, March 5th. The stock was 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 directly owns 3,206 shares of the company’s stock, valued at approximately $333,520.18. This trade represents a 65.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Rex D. Geveden sold 45,625 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer now directly owns 218,218 shares of the company’s stock, 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. In the last ninety days, insiders sold 53,625 shares of company stock valued at $5,734,145. 0.47% of the stock is owned by corporate insiders.

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.