Twin Tree Management LP Takes $2.63 Million Position in BWX Technologies, Inc. (NYSE:BWXT)

Twin Tree Management LP bought a new position in BWX Technologies, Inc. (NYSE:BWXT) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 23,564 shares of the technology company’s stock, valued at approximately $2,625,000.

A number of other hedge funds have also modified their holdings of the stock. CIBC Asset Management Inc grew its holdings in shares of BWX Technologies by 3.4% in the 3rd quarter. CIBC Asset Management Inc now owns 2,667 shares of the technology company’s stock worth $290,000 after acquiring an additional 87 shares during the last quarter. HHM Wealth Advisors LLC grew its holdings in shares of BWX Technologies by 45.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company’s stock worth $32,000 after acquiring an additional 90 shares during the last quarter. Principal Securities Inc. boosted its position in shares of BWX Technologies by 40.4% in the fourth 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 period. Stone House Investment Management LLC boosted 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 worth $25,000 after buying an additional 99 shares during the period. Finally, Louisiana State Employees Retirement System boosted its position in shares of BWX Technologies by 0.4% in the fourth quarter. Louisiana State Employees Retirement System now owns 25,400 shares of the technology company’s stock worth $2,829,000 after buying an additional 100 shares during the period. 94.39% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP Robert L. Duffy sold 6,000 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $104.03, for a total transaction of $624,180.00. Following the transaction, the senior vice president now directly owns 3,206 shares in the company, valued at $333,520.18. The trade was a 65.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Rex D. Geveden sold 45,625 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 218,218 shares in the company, valued at $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. Insiders sold 53,625 shares of company stock valued at $5,734,145 over the last quarter. Insiders own 0.47% of the company’s stock.

BWX Technologies Price Performance

BWXT opened at $98.80 on Wednesday. The stock has a market cap of $9.04 billion, a price-to-earnings ratio of 32.72, a PEG ratio of 3.20 and a beta of 0.69. BWX Technologies, Inc. has a 1 year low of $86.70 and a 1 year high of $136.31. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. The stock has a fifty day moving average price of $109.71 and a 200 day moving average price of $114.31.

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, beating 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 firm had revenue of $746.27 million during the quarter, compared to analysts’ expectations of $653.16 million. Analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Tuesday, March 11th will be given a $0.25 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.01%. This is a boost from BWX Technologies’s previous quarterly dividend of $0.24. BWX Technologies’s payout ratio is currently 32.57%.

Wall Street Analyst Weigh In

BWXT has been the subject of several recent analyst reports. Maxim Group raised their target price on BWX Technologies from $138.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. 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. Finally, Truist Financial raised their target price on BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.50.

About BWX Technologies

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.