Mutual of America Capital Management LLC Sells 1,105 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Mutual of America Capital Management LLC decreased its position in BWX Technologies, Inc. (NYSE:BWXT) by 2.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 48,304 shares of the technology company’s stock after selling 1,105 shares during the period. Mutual of America Capital Management LLC owned about 0.05% of BWX Technologies worth $5,381,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Narwhal Capital Management grew its holdings in shares of BWX Technologies by 33.4% in the fourth quarter. Narwhal Capital Management now owns 20,979 shares of the technology company’s stock worth $2,337,000 after purchasing an additional 5,250 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of BWX Technologies by 1.6% in the third quarter. Geode Capital Management LLC now owns 1,682,563 shares of the technology company’s stock worth $182,938,000 after purchasing an additional 26,130 shares during the last quarter. Cadinha & Co. LLC grew its holdings in shares of BWX Technologies by 469.2% in the fourth quarter. Cadinha & Co. LLC now owns 64,341 shares of the technology company’s stock worth $7,167,000 after purchasing an additional 53,038 shares during the last quarter. Cooper Financial Group bought a new position in shares of BWX Technologies in the fourth quarter worth approximately $737,000. Finally, Strategic Planning Group LLC bought a new position in shares of BWX Technologies in the fourth quarter worth approximately $3,005,000. Institutional investors own 94.39% of the company’s stock.

Insider Transactions at BWX Technologies

In other news, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of BWX Technologies stock in a transaction dated 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 of the company’s stock, valued at $1,039,127.68. The trade was a 16.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rex D. Geveden sold 45,625 shares of BWX Technologies stock in a transaction dated 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 directly owns 218,218 shares of the company’s stock, valued at approximately $23,436,613.20. This represents a 17.29 % decrease in their position. The disclosure for this sale can be found here. 0.47% of the stock is owned by insiders.

Analysts Set New Price Targets

BWXT has been the topic of several recent analyst reports. Maxim Group raised their target price 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. Bank of America raised their price target on BWX Technologies from $115.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Alembic Global Advisors raised BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price target for the company in a research note on Tuesday, November 12th. Truist Financial raised their price target on BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a research note on Tuesday, January 14th. Finally, StockNews.com lowered BWX Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $127.50.

BWX Technologies Stock Performance

Shares of BWX Technologies stock opened at $101.48 on Tuesday. 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 firm has a market capitalization of $9.28 billion, a P/E ratio of 33.60, a P/E/G ratio of 3.20 and a beta of 0.73. The business has a fifty day simple moving average of $112.93 and a two-hundred day simple moving average of $114.43. BWX Technologies, Inc. has a 12 month low of $86.70 and a 12 month high of $136.31.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings data on Monday, February 24th. The technology company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.80 by $0.12. The business had revenue of $746.27 million during the quarter, compared to analyst estimates of $653.16 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. On average, equities analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share 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. Stockholders of record on Tuesday, March 11th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Tuesday, March 11th. This is a positive change from BWX Technologies’s previous quarterly dividend of $0.24. BWX Technologies’s payout ratio is currently 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.