BWX Technologies, Inc. (NYSE:BWXT) Position Cut by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund trimmed its stake in BWX Technologies, Inc. (NYSE:BWXT) by 21.9% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 14,020 shares of the technology company’s stock after selling 3,941 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in BWX Technologies were worth $1,562,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in BWXT. Wealth Enhancement Advisory Services LLC lifted its stake in BWX Technologies by 3.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 7,276 shares of the technology company’s stock valued at $791,000 after buying an additional 225 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in BWX Technologies by 79.4% in the third quarter. Harbor Capital Advisors Inc. now owns 127,491 shares of the technology company’s stock valued at $13,858,000 after buying an additional 56,438 shares during the last quarter. Van ECK Associates Corp lifted its stake in BWX Technologies by 49.7% in the third quarter. Van ECK Associates Corp now owns 960,269 shares of the technology company’s stock valued at $104,381,000 after buying an additional 318,598 shares during the last quarter. QRG Capital Management Inc. bought a new stake in BWX Technologies in the third quarter valued at $240,000. Finally, Heritage Investors Management Corp bought a new stake in BWX Technologies in the third quarter valued at $229,000. 94.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on BWXT shares. Truist Financial raised their price target on BWX Technologies from $106.00 to $114.00 and gave the company a “hold” rating in a report on Tuesday, January 14th. StockNews.com lowered BWX Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Bank of America raised their price target on BWX Technologies from $115.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Maxim Group raised their price target on BWX Technologies from $138.00 to $140.00 and gave the company a “buy” rating in a report on Friday, January 10th. Finally, Barclays raised their price target on BWX Technologies from $90.00 to $105.00 and gave the company an “underweight” rating in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, BWX Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $127.50.

Insider Buying and Selling

In related 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 value of $209,840.00. Following the transaction, the senior vice president now owns 9,904 shares of the company’s stock, valued at approximately $1,039,127.68. This trade represents a 16.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 directly owns 218,218 shares in the company, valued at $23,436,613.20. This represents a 17.29 % decrease in their position. The disclosure for this sale can be found here. 0.47% of the stock is currently owned by company insiders.

BWX Technologies Price Performance

NYSE:BWXT opened at $103.82 on Friday. The business’s 50-day moving average price is $112.93 and its 200 day moving average price is $114.31. The firm has a market cap of $9.50 billion, a P/E ratio of 34.38, a PEG ratio of 3.20 and a beta of 0.73. BWX Technologies, Inc. has a 52-week low of $86.70 and a 52-week 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 released its earnings results on Monday, February 24th. The technology company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.12. The firm 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%. 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 business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Tuesday, March 11th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.00 dividend on an annualized basis and a yield of 0.96%. This is a boost from BWX Technologies’s previous quarterly dividend of $0.24. BWX Technologies’s dividend payout ratio (DPR) is currently 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.