Raymond James Financial Inc. Purchases New Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Raymond James Financial Inc. purchased a new stake in BWX Technologies, Inc. (NYSE:BWXT) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 626,000 shares of the technology company’s stock, valued at approximately $69,730,000. Raymond James Financial Inc. owned 0.68% of BWX Technologies as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in BWXT. Arizona State Retirement System increased its position in BWX Technologies by 0.8% during the 4th quarter. Arizona State Retirement System now owns 26,532 shares of the technology company’s stock worth $2,955,000 after purchasing an additional 212 shares during the period. Aigen Investment Management LP increased its position in BWX Technologies by 40.1% during the 4th quarter. Aigen Investment Management LP now owns 3,476 shares of the technology company’s stock worth $387,000 after purchasing an additional 995 shares during the period. Proficio Capital Partners LLC acquired a new position in BWX Technologies during the 4th quarter worth approximately $1,687,000. Atria Investments Inc increased its position in BWX Technologies by 4.0% during the 4th quarter. Atria Investments Inc now owns 6,013 shares of the technology company’s stock worth $670,000 after purchasing an additional 232 shares during the period. Finally, Assetmark Inc. increased its position in BWX Technologies by 3.4% during the 4th quarter. Assetmark Inc. now owns 33,167 shares of the technology company’s stock worth $3,694,000 after purchasing an additional 1,081 shares during the period. Institutional investors and hedge funds own 94.39% of the company’s stock.

BWX Technologies Price Performance

Shares of NYSE:BWXT opened at $99.40 on Monday. BWX Technologies, Inc. has a 12 month low of $86.70 and a 12 month high of $136.31. 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’s 50 day simple moving average is $111.79 and its 200-day simple moving average is $114.50. The firm has a market capitalization of $9.09 billion, a price-to-earnings ratio of 32.92, a price-to-earnings-growth ratio of 3.20 and a beta of 0.69.

BWX Technologies (NYSE:BWXT) last posted 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. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The firm had revenue of $746.27 million for the quarter, compared to analyst estimates of $653.16 million. As a group, equities analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share 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. Investors of record on Tuesday, March 11th will be paid a $0.25 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $1.00 dividend on an annualized basis and a 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 is presently 32.57%.

Analyst Ratings Changes

BWXT has been the topic of several recent analyst reports. Alembic Global Advisors upgraded BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 target price on the stock in a research report on Tuesday, November 12th. Barclays boosted their target price on BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a research report on Monday, December 16th. Bank of America boosted their target price on BWX Technologies from $115.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Truist Financial boosted their price target on BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a research note on Tuesday, January 14th. Finally, Maxim Group boosted their price target on BWX Technologies from $138.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $127.50.

Insider Activity at BWX Technologies

In other BWX Technologies news, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the business’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $104.92, for a total value 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 is accessible through this link. Also, SVP Robert L. Duffy sold 6,000 shares of the business’s 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 transaction, the senior vice president now owns 3,206 shares of the company’s stock, valued at $333,520.18. This trade represents a 65.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 53,625 shares of company stock valued at $5,734,145. 0.47% of the stock is owned by corporate insiders.

About BWX Technologies

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.