BWX Technologies, Inc. (NYSE:BWXT) Shares Bought by Minneapolis Portfolio Management Group LLC

Minneapolis Portfolio Management Group LLC raised its position in BWX Technologies, Inc. (NYSE:BWXT) by 1.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 176,100 shares of the technology company’s stock after buying an additional 1,714 shares during the period. BWX Technologies comprises about 2.6% of Minneapolis Portfolio Management Group LLC’s portfolio, making the stock its 22nd largest holding. Minneapolis Portfolio Management Group LLC’s holdings in BWX Technologies were worth $19,616,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Congress Wealth Management LLC DE boosted its holdings in shares of BWX Technologies by 5.9% during the 4th quarter. Congress Wealth Management LLC DE now owns 2,249 shares of the technology company’s stock worth $251,000 after purchasing an additional 125 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of BWX Technologies by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 9,211,924 shares of the technology company’s stock worth $1,026,116,000 after purchasing an additional 202,917 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of BWX Technologies by 69.4% during the 4th quarter. LPL Financial LLC now owns 54,552 shares of the technology company’s stock worth $6,077,000 after purchasing an additional 22,340 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of BWX Technologies by 3.0% during the 4th quarter. American Century Companies Inc. now owns 765,527 shares of the technology company’s stock worth $85,272,000 after purchasing an additional 22,064 shares during the last quarter. Finally, Virtu Financial LLC boosted its holdings in shares of BWX Technologies by 371.1% during the 4th quarter. Virtu Financial LLC now owns 22,946 shares of the technology company’s stock worth $2,556,000 after purchasing an additional 18,075 shares during the last quarter. 94.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Maxim Group boosted their target price on BWX Technologies from $138.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Barclays boosted their target price on BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a report on Monday, December 16th. Finally, Truist Financial boosted their target price on BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, BWX Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.50.

BWX Technologies Stock Down 1.1 %

BWXT stock opened at $99.27 on Monday. The firm has a market cap of $9.07 billion, a PE ratio of 32.87, a PEG ratio of 3.20 and a beta of 0.69. 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 one year low of $86.70 and a one year high of $136.31. The firm’s 50 day moving average price is $108.89 and its 200-day moving average price is $114.32.

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

BWX Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Tuesday, March 11th will be given a $0.25 dividend. This is a positive change 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 1.01%. BWX Technologies’s payout ratio is presently 32.57%.

Insider Buying and Selling at BWX Technologies

In other BWX Technologies news, CEO Rex D. Geveden sold 45,625 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were 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 in the company, valued at $23,436,613.20. The trade was a 17.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Robert L. Duffy sold 6,000 shares of the business’s stock in a transaction on 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 transaction, the senior vice president now owns 3,206 shares of the company’s stock, valued at approximately $333,520.18. This trade represents a 65.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have 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 company insiders.

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.