BWX Technologies, Inc. (NYSE:BWXT) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its stake in BWX Technologies, Inc. (NYSE:BWXT) by 2.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 726,992 shares of the technology company’s stock after selling 19,153 shares during the quarter. Thrivent Financial for Lutherans owned 0.80% of BWX Technologies worth $80,980,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Stone House Investment Management LLC grew its stake in BWX Technologies by 76.2% in the 3rd 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 during the period. Retirement Wealth Solutions LLC purchased a new position in BWX Technologies in the 4th quarter valued at $30,000. Quarry LP lifted its holdings in BWX Technologies by 93.6% in the 3rd quarter. Quarry LP now owns 271 shares of the technology company’s stock valued at $29,000 after purchasing an additional 131 shares in the last quarter. HHM Wealth Advisors LLC lifted its holdings in BWX Technologies by 45.0% in the 4th 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 in the last quarter. Finally, Principal Securities Inc. lifted its holdings in BWX Technologies by 40.4% in the 4th quarter. Principal Securities Inc. now owns 316 shares of the technology company’s stock valued at $35,000 after purchasing an additional 91 shares in the last quarter. Institutional investors and hedge funds own 94.39% of the company’s stock.

Analysts Set New Price Targets

BWXT has been the topic of a number of research reports. Barclays raised their price objective on BWX Technologies from $90.00 to $105.00 and gave the company an “underweight” rating in a report on Monday, December 16th. Truist Financial raised their price objective on BWX Technologies from $106.00 to $114.00 and gave the company a “hold” rating in a report on Tuesday, January 14th. Finally, Maxim Group raised their price objective on BWX Technologies from $138.00 to $140.00 and gave the company a “buy” rating in a report on Friday, January 10th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, BWX Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.50.

BWX Technologies Stock Down 1.2 %

NYSE BWXT opened at $98.80 on Wednesday. BWX Technologies, Inc. has a 52 week low of $86.70 and a 52 week high of $136.31. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15. The business’s fifty day simple moving average is $109.71 and its 200-day simple moving average is $114.31. The firm has a market cap of $9.04 billion, a PE ratio of 32.72, a P/E/G ratio of 3.20 and a beta of 0.69.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings results on Monday, February 24th. The technology company reported $0.92 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $653.16 million. As a group, equities analysts anticipate that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Tuesday, March 11th will be issued a $0.25 dividend. This is a positive change from BWX Technologies’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Tuesday, March 11th. BWX Technologies’s payout ratio is 32.57%.

Insider Activity at BWX Technologies

In other BWX Technologies news, CEO Rex D. Geveden sold 45,625 shares of BWX Technologies stock in a transaction dated 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 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of BWX Technologies 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 completion of the transaction, the senior vice president now directly owns 9,904 shares of the company’s stock, valued at approximately $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. In the last ninety days, insiders have sold 53,625 shares of company stock worth $5,734,145. Company insiders own 0.47% of the company’s stock.

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.