26,501 Shares in BWX Technologies, Inc. (NYSE:BWXT) Bought by Caisse Des Depots ET Consignations

Caisse Des Depots ET Consignations purchased a new position in BWX Technologies, Inc. (NYSE:BWXT) in the 4th quarter, Holdings Channel.com reports. The fund purchased 26,501 shares of the technology company’s stock, valued at approximately $2,952,000.

Several other institutional investors have also added to or reduced their stakes in BWXT. Quarry LP grew its holdings in shares of BWX Technologies by 93.6% in the third quarter. Quarry LP now owns 271 shares of the technology company’s stock worth $29,000 after purchasing an additional 131 shares during the last quarter. Retirement Wealth Solutions LLC purchased a new stake in BWX Technologies during the 4th quarter valued at $30,000. HHM Wealth Advisors LLC boosted its position in BWX Technologies by 45.0% during the 4th quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company’s stock valued at $32,000 after buying an additional 90 shares during the period. Principal Securities Inc. grew its holdings in BWX Technologies by 40.4% in the 4th 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 last quarter. Finally, V Square Quantitative Management LLC increased its position in shares of BWX Technologies by 40.5% in the fourth quarter. V Square Quantitative Management LLC now owns 406 shares of the technology company’s stock valued at $45,000 after acquiring an additional 117 shares during the period. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at BWX Technologies

In other news, 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 owns 218,218 shares of the company’s stock, valued at $23,436,613.20. The trade was a 17.29 % 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, SVP Robert L. Duffy sold 6,000 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $104.03, for a total transaction of $624,180.00. Following the sale, the senior vice president now directly owns 3,206 shares in the company, valued at $333,520.18. This trade represents a 65.17 % decrease in their ownership of the stock. 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 in the last ninety days. 0.47% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on BWXT shares. Bank of America cut their target price on BWX Technologies from $160.00 to $135.00 and set a “buy” rating on the stock in a research note on Wednesday. Truist Financial boosted their target price on BWX Technologies from $106.00 to $114.00 and gave the company a “hold” rating in a research note on Tuesday, January 14th. Maxim Group raised their price target on 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 boosted their price objective on shares of BWX Technologies from $90.00 to $105.00 and gave the company an “underweight” rating in a research report on Monday, December 16th. One equities research 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $124.38.

BWX Technologies Price Performance

BWXT opened at $101.45 on Friday. 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 company has a market cap of $9.27 billion, a price-to-earnings ratio of 33.59, a price-to-earnings-growth ratio of 3.20 and a beta of 0.69. The stock has a fifty day simple moving average of $107.73 and a two-hundred day simple moving average of $114.26. BWX Technologies, Inc. has a 12-month low of $86.70 and a 12-month high of $136.31.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings results on Monday, February 24th. The technology company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.12. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The company had revenue of $746.27 million during the quarter, compared to analyst estimates of $653.16 million. Research 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 announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Tuesday, March 11th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.99%. This is a positive change from BWX Technologies’s previous quarterly dividend of $0.24. The ex-dividend date is Tuesday, March 11th. BWX Technologies’s dividend payout ratio (DPR) is presently 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.