Mitsubishi UFJ Asset Management Co. Ltd. Increases Position in BWX Technologies, Inc. (NYSE:BWXT)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT) by 7.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,309 shares of the technology company’s stock after acquiring an additional 874 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in BWX Technologies were worth $1,511,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. FMR LLC raised its stake in shares of BWX Technologies by 22.3% during the 3rd quarter. FMR LLC now owns 1,754,567 shares of the technology company’s stock worth $190,721,000 after purchasing an additional 320,217 shares during the period. Captrust Financial Advisors boosted its stake in BWX Technologies by 4.7% in the third quarter. Captrust Financial Advisors now owns 27,066 shares of the technology company’s stock valued at $2,942,000 after acquiring an additional 1,217 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of BWX Technologies during the 3rd quarter valued at approximately $613,000. Benjamin Edwards Inc. increased its stake in shares of BWX Technologies by 101.0% during the 3rd quarter. Benjamin Edwards Inc. now owns 2,123 shares of the technology company’s stock worth $231,000 after purchasing an additional 1,067 shares during the last quarter. Finally, ArrowMark Colorado Holdings LLC raised its holdings in shares of BWX Technologies by 3.8% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 135,223 shares of the technology company’s stock worth $14,699,000 after purchasing an additional 5,000 shares during the period. Hedge funds and other institutional investors own 94.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Truist Financial raised their target price on BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. Bank of America lowered their price objective on BWX Technologies from $160.00 to $135.00 and set a “buy” rating on the stock in a research note on Wednesday, March 26th. Maxim Group lifted their target price 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, Barclays upped their price target on shares of BWX Technologies from $90.00 to $105.00 and gave the company an “underweight” rating in a research note on Monday, December 16th. One 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $124.38.

BWX Technologies Price Performance

BWXT stock opened at $100.54 on Wednesday. The firm has a 50 day moving average of $106.26 and a 200-day moving average of $114.55. The firm has a market capitalization of $9.19 billion, a P/E ratio of 33.29, a price-to-earnings-growth ratio of 3.20 and a beta of 0.69. BWX Technologies, Inc. has a 12 month low of $86.70 and a 12 month high of $136.31. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings results 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 firm had revenue of $746.27 million during 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%. As a group, sell-side analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Tuesday, March 11th were issued a $0.25 dividend. The ex-dividend date was Tuesday, March 11th. This represents a $1.00 annualized dividend and a dividend yield of 0.99%. This is a boost from BWX Technologies’s previous quarterly dividend of $0.24. BWX Technologies’s dividend payout ratio (DPR) is presently 32.57%.

Insider Activity

In other BWX Technologies 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 transaction of $209,840.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Rex D. Geveden sold 45,625 shares of the company’s 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 owns 218,218 shares of the company’s stock, valued at $23,436,613.20. The trade was a 17.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 53,625 shares of company stock worth $5,734,145. 0.47% of the stock is currently owned by 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.