BWX Technologies, Inc. (NYSE:BWXT) CEO Rex D. Geveden Sells 45,625 Shares

BWX Technologies, Inc. (NYSE:BWXT) CEO Rex D. Geveden sold 45,625 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $107.40, for a total transaction of $4,900,125.00. Following the sale, 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 Securities & Exchange Commission, which is available through the SEC website.

BWX Technologies Trading Up 1.7 %

Shares of BWX Technologies stock opened at $103.82 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. The firm has a fifty day moving average price of $112.93 and a 200 day moving average price of $114.31. BWX Technologies, Inc. has a 1 year low of $86.70 and a 1 year high of $136.31. The stock has a market cap of $9.50 billion, a PE ratio of 34.38, a price-to-earnings-growth ratio of 3.20 and a beta of 0.73.

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

BWX Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Tuesday, March 11th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Tuesday, March 11th. This is a boost from BWX Technologies’s previous quarterly dividend of $0.24. BWX Technologies’s dividend payout ratio (DPR) is 32.57%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Barclays increased their target price on shares of BWX Technologies from $90.00 to $105.00 and gave the company an “underweight” rating in a research report on Monday, December 16th. Maxim Group increased their target price on shares of BWX Technologies from $138.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Alembic Global Advisors raised shares of BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 target price for the company in a research report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft raised their price target on shares of BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Finally, Truist Financial raised their price target 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $127.50.

Institutional Trading of BWX Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in BWX Technologies by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 9,211,924 shares of the technology company’s stock valued at $1,026,116,000 after buying an additional 202,917 shares during the period. Demars Financial Group LLC grew its position in BWX Technologies by 9,309.0% during the fourth quarter. Demars Financial Group LLC now owns 4,482,439 shares of the technology company’s stock valued at $499,299,000 after buying an additional 4,434,799 shares during the period. Franklin Resources Inc. grew its position in BWX Technologies by 8.5% during the fourth quarter. Franklin Resources Inc. now owns 2,315,671 shares of the technology company’s stock valued at $257,943,000 after buying an additional 182,311 shares during the period. FMR LLC grew its position in BWX Technologies by 22.3% during the third quarter. FMR LLC now owns 1,754,567 shares of the technology company’s stock valued at $190,721,000 after buying an additional 320,217 shares during the period. Finally, Geode Capital Management LLC grew its position in BWX Technologies by 1.6% during the third quarter. Geode Capital Management LLC now owns 1,682,563 shares of the technology company’s stock valued at $182,938,000 after buying an additional 26,130 shares during the period. Institutional investors and hedge funds own 94.39% 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.