Minneapolis Portfolio Management Group LLC Buys 1,714 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Minneapolis Portfolio Management Group LLC grew its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 1.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 176,100 shares of the technology company’s stock after acquiring an additional 1,714 shares during the period. BWX Technologies comprises approximately 2.6% of Minneapolis Portfolio Management Group LLC’s investment portfolio, making the stock its 22nd biggest holding. Minneapolis Portfolio Management Group LLC owned approximately 0.19% of BWX Technologies worth $19,616,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Empowered Funds LLC raised its stake in BWX Technologies by 14.3% in the third quarter. Empowered Funds LLC now owns 4,051 shares of the technology company’s stock worth $440,000 after buying an additional 507 shares in the last quarter. Prospera Financial Services Inc raised its stake in BWX Technologies by 81.1% in the third quarter. Prospera Financial Services Inc now owns 3,818 shares of the technology company’s stock worth $415,000 after buying an additional 1,710 shares in the last quarter. Commerce Bank bought a new position in BWX Technologies in the third quarter worth approximately $235,000. Advisors Asset Management Inc. raised its stake in BWX Technologies by 10.6% in the third quarter. Advisors Asset Management Inc. now owns 6,673 shares of the technology company’s stock worth $725,000 after buying an additional 637 shares in the last quarter. Finally, Landscape Capital Management L.L.C. bought a new position in BWX Technologies in the third quarter worth approximately $335,000. Institutional investors own 94.39% of the company’s stock.

BWX Technologies Price Performance

Shares of BWXT opened at $99.27 on Monday. The firm has a market capitalization of $9.07 billion, a PE ratio of 32.87, a price-to-earnings-growth ratio of 3.20 and a beta of 0.69. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. BWX Technologies, Inc. has a 1-year low of $86.70 and a 1-year high of $136.31. The company’s fifty day moving average price is $108.89 and its 200-day moving average price is $114.32.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings data on Monday, February 24th. The technology company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.12. The business had revenue of $746.27 million during 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%. On average, equities research analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Tuesday, March 11th will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, March 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.01%. This is a positive change 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 news, SVP Robert L. Duffy sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the firm’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $104.92, for a total value of $209,840.00. Following the sale, the senior vice president now owns 9,904 shares in the company, valued at $1,039,127.68. This trade represents a 16.80 % 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 ninety days. Company insiders own 0.47% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on BWXT shares. Maxim Group lifted their price target on shares of BWX Technologies from $138.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Barclays lifted their price target on shares of BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a report on Monday, December 16th. Finally, Truist Financial lifted their price target on shares of BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, BWX Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $127.50.

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.