BWX Technologies, Inc. (NYSE:BWXT) Position Raised by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 51.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 33,245 shares of the technology company’s stock after purchasing an additional 11,362 shares during the quarter. Teacher Retirement System of Texas’ holdings in BWX Technologies were worth $3,703,000 as of its most recent SEC filing.

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

BWX Technologies Stock Performance

Shares of BWX Technologies stock opened at $104.15 on Tuesday. BWX Technologies, Inc. has a 12 month low of $86.70 and a 12 month 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. The stock has a market cap of $9.52 billion, a PE ratio of 34.49, a price-to-earnings-growth ratio of 3.20 and a beta of 0.69. The business has a fifty day simple moving average of $108.68 and a 200-day simple moving average of $114.37.

BWX Technologies (NYSE:BWXT) last released its earnings results on Monday, February 24th. The technology company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.12. The company had revenue of $746.27 million for the quarter, compared to analysts’ expectations of $653.16 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. On average, sell-side analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Increases Dividend

The business also recently announced 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 0.96%. This is a positive change from BWX Technologies’s previous quarterly dividend of $0.24. BWX Technologies’s dividend payout ratio (DPR) is 32.57%.

Wall Street Analyst Weigh In

Several analysts recently commented on BWXT shares. Barclays raised their target price 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. Maxim Group raised their price objective 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, Truist Financial boosted 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. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $127.50.

Insider Activity

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 transaction of $4,900,125.00. Following the completion of the sale, the chief executive officer now directly owns 218,218 shares in the company, valued at $23,436,613.20. The trade was a 17.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Robert L. Duffy sold 6,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $104.03, for a total value of $624,180.00. Following the completion of the transaction, the senior vice president now owns 3,206 shares in the company, valued at $333,520.18. This represents a 65.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 53,625 shares of company stock worth $5,734,145 in the last ninety days. Corporate insiders own 0.47% of the company’s stock.

BWX Technologies 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.