Wellington Management Group LLP Has $215.91 Million Stock Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Wellington Management Group LLP lowered its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 34.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,938,303 shares of the technology company’s stock after selling 1,031,699 shares during the quarter. Wellington Management Group LLP owned 2.12% of BWX Technologies worth $215,908,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in shares of BWX Technologies during the fourth quarter worth about $69,730,000. Stephens Investment Management Group LLC acquired a new stake in BWX Technologies during the 4th quarter worth approximately $50,054,000. Van ECK Associates Corp lifted its stake 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 buying an additional 448,467 shares in the last quarter. Blair William & Co. IL boosted its holdings in shares of BWX Technologies by 949.0% in the fourth quarter. Blair William & Co. IL now owns 424,821 shares of the technology company’s stock valued at $47,321,000 after buying an additional 384,323 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of BWX Technologies by 137.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 471,260 shares of the technology company’s stock worth $52,494,000 after acquiring an additional 273,030 shares in the last quarter. Institutional investors own 94.39% of the company’s stock.

Insider Buying and Selling at BWX Technologies

In related news, 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 sale, the chief executive officer now owns 218,218 shares in the company, valued at approximately $23,436,613.20. This represents a 17.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of BWX Technologies stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $104.92, for a total transaction of $209,840.00. Following 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 trade represents a 16.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 53,625 shares of company stock worth $5,734,145 over the last 90 days. Company insiders own 0.47% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on BWXT shares. Bank of America cut their price objective on shares of BWX Technologies from $160.00 to $135.00 and set a “buy” rating on the stock in a research report on Wednesday, March 26th. Seaport Res Ptn upgraded BWX Technologies to a “strong-buy” rating in a report on Tuesday. Maxim Group increased their price objective on BWX Technologies from $138.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Barclays lifted their target price on BWX Technologies from $90.00 to $105.00 and gave the company an “underweight” rating in a research report on Monday, December 16th. Finally, Truist Financial upped their price target 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 analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.38.

BWX Technologies Trading Up 1.5 %

Shares of BWX Technologies stock opened at $102.00 on Thursday. The stock has a market cap of $9.32 billion, a P/E ratio of 33.77, a P/E/G ratio of 3.20 and a beta of 0.67. The company has a quick ratio of 2.25, a current 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. The business’s 50 day moving average is $105.73 and its 200-day moving average is $114.46.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings results on Monday, February 24th. The technology company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.12. The firm had revenue of $746.27 million during 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%. Equities research analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Tuesday, March 11th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date was Tuesday, March 11th. This is an increase from BWX Technologies’s previous quarterly dividend of $0.24. BWX Technologies’s 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.