Aristides Capital LLC Purchases 2,540 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Aristides Capital LLC boosted its position in BWX Technologies, Inc. (NYSE:BWXT) by 12.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 23,540 shares of the technology company’s stock after purchasing an additional 2,540 shares during the period. BWX Technologies comprises 0.5% of Aristides Capital LLC’s investment portfolio, making the stock its 28th biggest position. Aristides Capital LLC’s holdings in BWX Technologies were worth $2,622,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quarry LP grew its holdings in shares of BWX Technologies by 93.6% in the third quarter. Quarry LP now owns 271 shares of the technology company’s stock valued at $29,000 after acquiring an additional 131 shares in the last quarter. Retirement Wealth Solutions LLC purchased a new position in BWX Technologies in the fourth quarter worth $30,000. HHM Wealth Advisors LLC increased its position in shares of BWX Technologies by 45.0% during 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 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. Finally, V Square Quantitative Management LLC raised its stake in shares of BWX Technologies by 40.5% during the 4th quarter. V Square Quantitative Management LLC now owns 406 shares of the technology company’s stock worth $45,000 after purchasing an additional 117 shares during the period. Hedge funds and other institutional investors own 94.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BWXT. Truist Financial raised their price objective on shares of BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a report on Tuesday, January 14th. Maxim Group lifted their price target on shares of BWX Technologies from $138.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Barclays increased 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. Seaport Res Ptn raised BWX Technologies to a “strong-buy” rating in a research report on Tuesday, April 1st. Finally, Bank of America cut their price target on BWX Technologies from $160.00 to $135.00 and set a “buy” rating for the company in a research note on Wednesday, March 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, BWX Technologies has a consensus rating of “Moderate Buy” and an average price target of $124.38.

BWX Technologies Stock Performance

NYSE:BWXT opened at $89.14 on Friday. The business’s fifty day moving average is $104.30 and its 200 day moving average is $114.38. The firm has a market cap of $8.15 billion, a price-to-earnings ratio of 29.52, a PEG ratio of 3.20 and a beta of 0.67. 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 52-week low of $86.70 and a 52-week high of $136.31.

BWX Technologies (NYSE:BWXT) last posted its earnings results on Monday, February 24th. The technology company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.12. The business had revenue of $746.27 million for the quarter, compared to analyst estimates of $653.16 million. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. Research analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Tuesday, March 11th were issued a dividend of $0.25 per share. This is a positive change from BWX Technologies’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.00 annualized dividend and a dividend yield of 1.12%. BWX Technologies’s payout ratio is presently 32.57%.

Insider Buying and Selling

In other BWX Technologies news, SVP Robert L. Duffy sold 6,000 shares of BWX Technologies 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 completion of the sale, the senior vice president now owns 3,206 shares of the company’s stock, valued at $333,520.18. The trade was a 65.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the 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 in the company, valued at $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. Over the last three months, insiders have sold 53,625 shares of company stock worth $5,734,145. Insiders own 0.47% of the company’s stock.

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.