BWX Technologies, Inc. (NYSE:BWXT) Stock Holdings Boosted by Morse Asset Management Inc

Morse Asset Management Inc grew its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 191.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,475 shares of the technology company’s stock after purchasing an additional 1,625 shares during the quarter. Morse Asset Management Inc’s holdings in BWX Technologies were worth $276,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in BWX Technologies by 26.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 229,199 shares of the technology company’s stock worth $25,530,000 after acquiring an additional 48,177 shares during the period. Lighthouse Investment Partners LLC acquired a new position in shares of BWX Technologies in the 4th quarter worth approximately $501,000. Focus Partners Wealth raised its holdings in shares of BWX Technologies by 3.9% in the 4th quarter. Focus Partners Wealth now owns 19,508 shares of the technology company’s stock worth $2,173,000 after purchasing an additional 731 shares in the last quarter. Deutsche Bank AG lifted its stake in BWX Technologies by 6.8% during the fourth quarter. Deutsche Bank AG now owns 172,837 shares of the technology company’s stock valued at $19,252,000 after purchasing an additional 11,022 shares during the last quarter. Finally, Duquesne Family Office LLC bought a new stake in BWX Technologies during the fourth quarter worth approximately $33,325,000. Institutional investors own 94.39% of the company’s stock.

Insider Buying and Selling

In other BWX Technologies news, CEO Rex D. Geveden sold 45,625 shares of the business’s 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 sale, the chief executive officer now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the company’s 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 sale, 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 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. Insiders own 0.47% of the company’s stock.

BWX Technologies Price Performance

Shares of BWXT opened at $107.40 on Wednesday. The business’s 50-day moving average is $102.56 and its 200-day moving average is $112.37. 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 company has a market capitalization of $9.81 billion, a price-to-earnings ratio of 35.56, a P/E/G ratio of 3.20 and a beta of 0.66. BWX Technologies, Inc. has a fifty-two week low of $84.21 and a fifty-two week high of $136.31.

BWX Technologies (NYSE:BWXT) last issued its earnings results on Monday, May 5th. The technology company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.18. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The company had revenue of $682.26 million during the quarter, compared to analyst estimates of $644.15 million. During the same quarter last year, the business posted $0.76 EPS. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. Equities research analysts expect that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, May 19th will be paid a $0.25 dividend. The ex-dividend date is Monday, May 19th. This represents a $1.00 annualized dividend and a dividend yield of 0.93%. BWX Technologies’s payout ratio is 31.85%.

Analysts Set New Price Targets

BWXT has been the topic of a number of recent research reports. Bank of America decreased their target price on BWX Technologies from $160.00 to $135.00 and set a “buy” rating on the stock in a report on Wednesday, March 26th. Seaport Res Ptn raised BWX Technologies to a “strong-buy” rating in a research note on Tuesday, April 1st. Maxim Group reduced their price objective on shares of BWX Technologies from $140.00 to $136.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. Finally, Truist Financial lifted their target price on shares of BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.88.

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.