BWX Technologies, Inc. (NYSE:BWXT) Shares Bought by Huntington National Bank

Huntington National Bank grew its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT) by 13.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,647 shares of the technology company’s stock after buying an additional 201 shares during the period. Huntington National Bank’s holdings in BWX Technologies were worth $183,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BWXT. Quarry LP grew its position in BWX Technologies by 93.6% in 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 in the last quarter. Retirement Wealth Solutions LLC bought a new position in shares of BWX Technologies in the fourth quarter valued at approximately $30,000. HHM Wealth Advisors LLC boosted its holdings in shares of BWX Technologies by 45.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company’s stock valued at $32,000 after acquiring an additional 90 shares in the last quarter. Principal Securities Inc. increased its stake in shares of BWX Technologies by 40.4% during the fourth quarter. Principal Securities Inc. now owns 316 shares of the technology company’s stock valued at $35,000 after acquiring an additional 91 shares during the period. Finally, V Square Quantitative Management LLC raised its holdings in BWX Technologies by 40.5% during the fourth quarter. V Square Quantitative Management LLC now owns 406 shares of the technology company’s stock worth $45,000 after purchasing an additional 117 shares in the last quarter. 94.39% of the stock is owned by institutional investors.

BWX Technologies Stock Down 6.6 %

BWXT stock opened at $89.14 on Friday. The company’s 50 day simple moving average is $104.30 and its 200-day simple moving average is $114.38. BWX Technologies, Inc. has a 52-week low of $86.70 and a 52-week high of $136.31. 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 market capitalization of $8.15 billion, a P/E ratio of 29.52, a P/E/G ratio of 3.20 and a beta of 0.67.

BWX Technologies (NYSE:BWXT) last released 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. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The company had revenue of $746.27 million during the quarter, compared to analyst estimates of $653.16 million. As a group, equities research analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Tuesday, March 11th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend was Tuesday, March 11th. This is a boost from BWX Technologies’s previous quarterly dividend of $0.24. BWX Technologies’s payout ratio is 32.57%.

Wall Street Analysts Forecast Growth

BWXT has been the topic of several research analyst reports. Barclays lifted their price target on BWX Technologies from $90.00 to $105.00 and gave the company an “underweight” rating in a research report on Monday, December 16th. Truist Financial lifted 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. Seaport Res Ptn raised shares of BWX Technologies to a “strong-buy” rating in a report on Tuesday, April 1st. Maxim Group lifted 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, Bank of America cut their target price on shares of BWX Technologies from $160.00 to $135.00 and set a “buy” rating for the company in a research note on Wednesday, March 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $124.38.

Insider Activity

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 transaction of $624,180.00. Following the transaction, the senior vice president now directly owns 3,206 shares in the company, valued at $333,520.18. The trade was a 65.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Rex D. Geveden sold 45,625 shares of the stock in a transaction on 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 53,625 shares of company stock worth $5,734,145 in the last 90 days. Company insiders own 0.47% of the company’s stock.

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.