PFG Advisors Has $1.95 Million Holdings in BWX Technologies, Inc. (NYSE:BWXT)

PFG Advisors boosted its stake in BWX Technologies, Inc. (NYSE:BWXT) by 69.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,514 shares of the technology company’s stock after purchasing an additional 7,154 shares during the period. PFG Advisors’ holdings in BWX Technologies were worth $1,951,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of BWXT. Raymond James Financial Inc. acquired a new stake in BWX Technologies in the fourth quarter valued at $69,730,000. Stephens Investment Management Group LLC acquired a new stake in BWX Technologies in the fourth quarter valued at $50,054,000. Van ECK Associates Corp increased 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 period. FMR LLC increased 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 period. Finally, Bank of New York Mellon Corp increased 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 period. 94.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at BWX Technologies

In related news, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the firm’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $104.92, for a total value of $209,840.00. Following the transaction, the senior vice president now owns 9,904 shares of the company’s stock, valued at approximately $1,039,127.68. This trade represents a 16.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Robert L. Duffy sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The shares were 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 in the company, valued at approximately $333,520.18. The trade was a 65.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 53,625 shares of company stock valued at $5,734,145 in the last 90 days. 0.47% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BWXT. Bank of America increased their price objective on BWX Technologies from $115.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Maxim Group upped their price target on shares of BWX Technologies from $138.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Truist Financial upped 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. Finally, Barclays upped 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. 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 company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $127.50.

BWX Technologies Stock Performance

Shares of BWXT opened at $98.28 on Thursday. The stock has a market capitalization of $8.99 billion, a P/E ratio of 32.54, a price-to-earnings-growth ratio of 3.20 and a beta of 0.69. The firm’s fifty day simple moving average is $111.19 and its two-hundred day simple moving average is $114.44. 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 12 month low of $86.70 and a 12 month high of $136.31.

BWX Technologies (NYSE:BWXT) last released 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. The company had revenue of $746.27 million for the quarter, compared to analysts’ expectations of $653.16 million. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. As a group, analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Increases Dividend

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

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.