Mitsubishi UFJ Asset Management Co. Ltd. Buys 874 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in BWX Technologies, Inc. (NYSE:BWXT) by 7.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,309 shares of the technology company’s stock after purchasing an additional 874 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in BWX Technologies were worth $1,511,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in BWXT. Raymond James Financial Inc. acquired a new stake in shares of BWX Technologies during the 4th quarter valued at $69,730,000. Stephens Investment Management Group LLC acquired a new stake in shares of BWX Technologies during the fourth quarter valued at about $50,054,000. Van ECK Associates Corp grew its holdings in shares of 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 worth $156,919,000 after purchasing an additional 448,467 shares during the last quarter. FMR LLC increased its stake in shares of BWX Technologies by 22.3% in the third quarter. FMR LLC now owns 1,754,567 shares of the technology company’s stock valued at $190,721,000 after buying an additional 320,217 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in BWX Technologies by 19.8% in the 4th quarter. Bank of New York Mellon Corp now owns 1,379,779 shares of the technology company’s stock valued at $153,694,000 after buying an additional 228,413 shares during the last quarter. Institutional investors and hedge funds own 94.39% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on BWXT. Truist Financial raised their price target on shares of BWX Technologies from $106.00 to $114.00 and gave the company a “hold” rating in a research note on Tuesday, January 14th. Barclays lifted their target price on BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a report on Monday, December 16th. Maxim Group increased their price target on BWX Technologies from $138.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Finally, Bank of America cut their price objective on BWX Technologies from $160.00 to $135.00 and set a “buy” rating on the stock in a research note on Wednesday, March 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $124.38.

BWX Technologies Trading Up 1.9 %

Shares of BWXT stock opened at $100.54 on Wednesday. The company has a market cap of $9.19 billion, a P/E ratio of 33.29, 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. The stock has a 50 day simple moving average of $106.26 and a two-hundred day simple moving average of $114.55. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25.

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, beating analysts’ consensus estimates of $0.80 by $0.12. The company had revenue of $746.27 million for the quarter, compared to the consensus estimate of $653.16 million. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. Research analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Tuesday, March 11th were paid a dividend of $0.25 per share. This is an increase from BWX Technologies’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend was Tuesday, March 11th. BWX Technologies’s dividend payout ratio is 32.57%.

Insiders Place Their Bets

In related news, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the company’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 represents a 16.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Rex D. Geveden sold 45,625 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $107.40, for a total value of $4,900,125.00. Following the completion of the sale, the chief executive officer now directly owns 218,218 shares of the company’s stock, valued at $23,436,613.20. The trade was a 17.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 53,625 shares of company stock worth $5,734,145. Corporate insiders own 0.47% of the company’s stock.

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.