L & S Advisors Inc Sells 2,020 Shares of BWX Technologies, Inc. (NYSE:BWXT)

L & S Advisors Inc reduced its stake in BWX Technologies, Inc. (NYSE:BWXT) by 7.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,719 shares of the technology company’s stock after selling 2,020 shares during the period. L & S Advisors Inc’s holdings in BWX Technologies were worth $2,976,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in BWX Technologies by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 9,211,924 shares of the technology company’s stock worth $1,026,116,000 after buying an additional 202,917 shares during the last quarter. FMR LLC boosted its stake in BWX Technologies by 22.3% during the 3rd quarter. FMR LLC now owns 1,754,567 shares of the technology company’s stock worth $190,721,000 after acquiring an additional 320,217 shares during the last quarter. Geode Capital Management LLC grew its holdings in BWX Technologies by 1.6% during the third quarter. Geode Capital Management LLC now owns 1,682,563 shares of the technology company’s stock valued at $182,938,000 after purchasing an additional 26,130 shares during the period. Van ECK Associates Corp grew its holdings in BWX Technologies by 46.7% during the fourth quarter. Van ECK Associates Corp now owns 1,408,736 shares of the technology company’s stock valued at $156,919,000 after purchasing an additional 448,467 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in BWX Technologies by 19.8% in the fourth quarter. Bank of New York Mellon Corp now owns 1,379,779 shares of the technology company’s stock worth $153,694,000 after purchasing an additional 228,413 shares during the period. 94.39% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at BWX Technologies

In other news, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of BWX Technologies stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $104.92, for a total transaction of $209,840.00. Following the completion of the transaction, the senior vice president now directly owns 9,904 shares in the company, valued at approximately $1,039,127.68. The trade was a 16.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Robert L. Duffy sold 6,000 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $104.03, for a total value of $624,180.00. Following the completion of the sale, the senior vice president now owns 3,206 shares in the company, valued at approximately $333,520.18. This trade represents a 65.17 % decrease in their position. 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. Insiders own 0.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Bank of America decreased their price target on shares of BWX Technologies from $160.00 to $135.00 and set a “buy” rating for the company in a report on Wednesday. Maxim Group boosted their target price on BWX Technologies from $138.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Truist Financial raised their price target on BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. Finally, Barclays boosted their price objective on BWX Technologies from $90.00 to $105.00 and gave the company an “underweight” rating in a research 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 assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $124.38.

BWX Technologies Price Performance

Shares of NYSE BWXT opened at $99.24 on Friday. 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 business has a 50-day moving average of $107.26 and a 200-day moving average of $114.41. The stock has a market capitalization of $9.07 billion, a price-to-earnings ratio of 32.86, a PEG ratio of 3.20 and a beta of 0.69. BWX Technologies, Inc. has a fifty-two week low of $86.70 and a fifty-two week high of $136.31.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings results on Monday, February 24th. The technology company reported $0.92 earnings per share for the quarter, topping the consensus estimate 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 company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Tuesday, March 11th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date was Tuesday, March 11th. This is an increase from BWX Technologies’s previous quarterly dividend of $0.24. BWX Technologies’s dividend payout ratio (DPR) is 32.57%.

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.