Pecaut & CO. Sells 500 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Pecaut & CO. decreased its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 4.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,635 shares of the technology company’s stock after selling 500 shares during the quarter. Pecaut & CO.’s holdings in BWX Technologies were worth $1,073,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in BWX Technologies during the fourth quarter valued at $69,730,000. Stephens Investment Management Group LLC purchased a new stake in BWX Technologies during the fourth quarter valued at $50,054,000. Van ECK Associates Corp raised its stake in BWX Technologies by 46.7% during 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 in the last quarter. FMR LLC raised its stake in BWX Technologies by 22.3% during 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 in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of 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 acquiring an additional 228,413 shares during the period. Institutional investors own 94.39% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BWXT. Barclays increased their target price on shares of BWX Technologies from $90.00 to $105.00 and gave the company an “underweight” rating in a research note on Monday, December 16th. Maxim Group upped their price target 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. Finally, Truist Financial upped their price target on shares of BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, BWX Technologies has an average rating of “Moderate Buy” and an average target price of $127.50.

BWX Technologies Stock Down 2.2 %

NYSE:BWXT opened at $100.26 on Friday. BWX Technologies, Inc. has a fifty-two week low of $86.70 and a fifty-two week high of $136.31. The stock has a market capitalization of $9.17 billion, a P/E ratio of 33.20, a P/E/G ratio of 3.20 and a beta of 0.69. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25. The company’s 50-day simple moving average is $109.20 and its 200-day simple moving average is $114.13.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Monday, February 24th. The technology company reported $0.92 earnings per share 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 business had revenue of $746.27 million for the quarter, compared to analysts’ expectations of $653.16 million. On average, equities analysts anticipate that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Increases Dividend

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

Insider Activity

In related news, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $104.92, for a total value of $209,840.00. Following the completion of the transaction, the senior vice president now directly owns 9,904 shares of the company’s stock, valued at $1,039,127.68. This trade represents a 16.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Rex D. Geveden sold 45,625 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 218,218 shares of the company’s stock, valued at $23,436,613.20. The trade was 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 have sold 53,625 shares of company stock worth $5,734,145. Corporate insiders own 0.47% of the company’s stock.

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.