Pier Capital LLC Decreases Stock Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Pier Capital LLC lessened its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 63,335 shares of the technology company’s stock after selling 847 shares during the quarter. Pier Capital LLC’s holdings in BWX Technologies were worth $7,055,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in BWXT. Stone House Investment Management LLC lifted its position in BWX Technologies by 76.2% during the third quarter. Stone House Investment Management LLC now owns 229 shares of the technology company’s stock valued at $25,000 after purchasing an additional 99 shares during the period. Quarry LP raised its stake in BWX Technologies by 93.6% during the 3rd quarter. Quarry LP now owns 271 shares of the technology company’s stock valued at $29,000 after buying an additional 131 shares during the last quarter. Retirement Wealth Solutions LLC bought a new position in shares of BWX Technologies during the 4th quarter valued at $30,000. HHM Wealth Advisors LLC boosted its stake in shares of BWX Technologies by 45.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company’s stock worth $32,000 after buying an additional 90 shares during the last quarter. Finally, Principal Securities Inc. grew its holdings in shares of BWX Technologies by 40.4% in the fourth quarter. Principal Securities Inc. now owns 316 shares of the technology company’s stock worth $35,000 after acquiring an additional 91 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 analysts have weighed in on BWXT shares. Barclays increased their target price on BWX Technologies from $90.00 to $105.00 and gave the company an “underweight” rating in a report on Monday, December 16th. Maxim Group increased their price objective on shares of BWX Technologies from $138.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Finally, Truist Financial boosted their target price on shares of BWX Technologies from $106.00 to $114.00 and gave the company a “hold” rating in a research report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, BWX Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $127.50.

Insiders Place Their Bets

In other news, SVP Robert L. Duffy sold 6,000 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $104.03, for a total value of $624,180.00. Following the transaction, the senior vice president now owns 3,206 shares of the company’s stock, valued at approximately $333,520.18. The trade was a 65.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Rex D. Geveden sold 45,625 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $107.40, for a total transaction of $4,900,125.00. Following the transaction, the chief executive officer now 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. In the last quarter, insiders sold 53,625 shares of company stock worth $5,734,145. Corporate insiders own 0.47% of the company’s stock.

BWX Technologies Stock Up 4.8 %

BWXT stock opened at $104.15 on Tuesday. The business’s 50-day moving average price is $108.68 and its 200-day moving average price is $114.37. The stock has a market cap of $9.52 billion, a P/E ratio of 34.49, a PEG ratio of 3.20 and a beta of 0.69. BWX Technologies, Inc. has a twelve month low of $86.70 and a twelve month high of $136.31. 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 (NYSE:BWXT) last issued its quarterly earnings results on Monday, February 24th. The technology company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.12. The business had revenue of $746.27 million for the quarter, compared to the consensus estimate of $653.16 million. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. On average, equities research analysts forecast 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. Investors of record on Tuesday, March 11th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.00 annualized dividend and a yield of 0.96%. This is an increase from BWX Technologies’s previous quarterly dividend of $0.24. BWX Technologies’s dividend payout ratio is currently 32.57%.

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.