BWX Technologies, Inc. (NYSE:BWXT) Shares Sold by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich lessened its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT) by 2.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 176,856 shares of the technology company’s stock after selling 5,085 shares during the period. Bank Julius Baer & Co. Ltd Zurich owned approximately 0.19% of BWX Technologies worth $20,568,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BWXT. Stone House Investment Management LLC lifted its position in shares of BWX Technologies by 76.2% in the third quarter. Stone House Investment Management LLC now owns 229 shares of the technology company’s stock valued at $25,000 after acquiring an additional 99 shares in the last quarter. Quarry LP grew its stake in shares of BWX Technologies by 93.6% in the third quarter. Quarry LP now owns 271 shares of the technology company’s stock valued at $29,000 after buying an additional 131 shares in the last quarter. Retirement Wealth Solutions LLC acquired a new stake in shares of BWX Technologies in the fourth quarter valued at about $30,000. HHM Wealth Advisors LLC boosted its holdings in BWX Technologies by 45.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company’s stock valued at $32,000 after purchasing an additional 90 shares during the last quarter. Finally, Principal Securities Inc. lifted 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 buying an additional 91 shares during the last quarter. Institutional investors and hedge funds own 94.39% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Rex D. Geveden sold 45,625 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were 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 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $104.92, for a total transaction of $209,840.00. Following the transaction, the senior vice president now owns 9,904 shares in the company, valued at $1,039,127.68. This represents a 16.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 53,625 shares of company stock worth $5,734,145 over the last three months. Insiders own 0.47% of the company’s stock.

BWX Technologies Price Performance

Shares of NYSE BWXT opened at $99.40 on Friday. The firm has a market cap of $9.09 billion, a PE ratio of 32.92, a PEG ratio of 3.20 and a beta of 0.69. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. BWX Technologies, Inc. has a 1-year low of $86.70 and a 1-year high of $136.31. The company has a fifty day moving average price of $111.79 and a 200 day moving average price of $114.40.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings data on Monday, February 24th. The technology company reported $0.92 EPS for the quarter, topping 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 the consensus estimate of $653.16 million. Research analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders 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 is an increase from BWX Technologies’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 1.01%. BWX Technologies’s dividend payout ratio (DPR) is 32.57%.

Analyst Ratings Changes

Several brokerages recently issued reports on BWXT. Maxim Group raised their price target on BWX Technologies from $138.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Bank of America lifted 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. Alembic Global Advisors raised BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price objective for the company in a research note on Tuesday, November 12th. Truist Financial raised their price objective on BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a research note on Tuesday, January 14th. Finally, Barclays raised their target price on BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a research report on Monday, December 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $127.50.

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.