Premier Fund Managers Ltd Has $4.98 Million Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Premier Fund Managers Ltd trimmed its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 11.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,380 shares of the technology company’s stock after selling 6,000 shares during the quarter. Premier Fund Managers Ltd’s holdings in BWX Technologies were worth $4,978,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BWXT. HHM Wealth Advisors LLC boosted its stake 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 buying an additional 90 shares during the last quarter. Principal Securities Inc. increased its position in shares of BWX Technologies by 40.4% during 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 during the last quarter. Louisiana State Employees Retirement System raised its stake in shares of BWX Technologies by 0.4% during the 4th quarter. Louisiana State Employees Retirement System now owns 25,400 shares of the technology company’s stock worth $2,829,000 after purchasing an additional 100 shares during the period. AdvisorNet Financial Inc boosted its holdings in shares of BWX Technologies by 15.4% in the 4th quarter. AdvisorNet Financial Inc now owns 779 shares of the technology company’s stock worth $87,000 after buying an additional 104 shares during the last quarter. Finally, V Square Quantitative Management LLC grew its position in BWX Technologies by 40.5% during the fourth quarter. V Square Quantitative Management LLC now owns 406 shares of the technology company’s stock valued at $45,000 after buying an additional 117 shares during the period. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The stock was 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 owns 9,904 shares in the company, valued at $1,039,127.68. This trade represents a 16.80 % decrease in their position. The transaction 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 on 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 owns 218,218 shares of the company’s stock, valued at approximately $23,436,613.20. This trade represents a 17.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 53,625 shares of company stock valued at $5,734,145 over the last quarter. 0.47% of the stock is owned by corporate insiders.

BWX Technologies Trading Down 0.9 %

BWX Technologies stock opened at $101.45 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25. 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 cap of $9.27 billion, a P/E ratio of 33.59, a PEG ratio of 3.20 and a beta of 0.69. The firm’s fifty day moving average price is $107.73 and its 200-day moving average price is $114.26.

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 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 firm had revenue of $746.27 million for the quarter, compared to analysts’ expectations of $653.16 million. Equities research analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Tuesday, March 11th will be given a $0.25 dividend. This is an increase from BWX Technologies’s previous quarterly dividend of $0.24. The ex-dividend date is Tuesday, March 11th. This represents a $1.00 dividend on an annualized basis and a yield of 0.99%. BWX Technologies’s payout ratio is presently 32.57%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on BWXT shares. Bank of America reduced their target price on shares of BWX Technologies from $160.00 to $135.00 and set a “buy” rating for the company in a research report on Wednesday. Maxim Group boosted their target price on BWX Technologies from $138.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Barclays increased their price target on BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a research note on Monday, December 16th. Finally, Truist Financial upped their price objective on shares of BWX Technologies from $106.00 to $114.00 and gave the company a “hold” rating in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, BWX Technologies has a consensus rating of “Moderate Buy” and an average price target of $124.38.

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.