BWX Technologies, Inc. (NYSE:BWXT) Shares Bought by Huntington National Bank

Huntington National Bank increased its stake in BWX Technologies, Inc. (NYSE:BWXT) by 13.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,647 shares of the technology company’s stock after acquiring an additional 201 shares during the period. Huntington National Bank’s holdings in BWX Technologies were worth $183,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. HHM Wealth Advisors LLC raised its holdings in BWX Technologies by 45.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company’s stock valued at $32,000 after buying an additional 90 shares during the period. Principal Securities Inc. increased its position in shares of BWX Technologies by 40.4% in the fourth quarter. Principal Securities Inc. now owns 316 shares of the technology company’s stock worth $35,000 after acquiring an additional 91 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of BWX Technologies by 0.4% in the 4th quarter. Louisiana State Employees Retirement System now owns 25,400 shares of the technology company’s stock valued at $2,829,000 after acquiring an additional 100 shares during the period. AdvisorNet Financial Inc lifted its holdings in shares of BWX Technologies by 15.4% during the 4th quarter. AdvisorNet Financial Inc now owns 779 shares of the technology company’s stock valued at $87,000 after acquiring an additional 104 shares in the last quarter. Finally, V Square Quantitative Management LLC boosted its position in BWX Technologies by 40.5% during the 4th quarter. V Square Quantitative Management LLC now owns 406 shares of the technology company’s stock worth $45,000 after purchasing an additional 117 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 the 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 sale, the senior vice president now directly owns 9,904 shares in the company, valued at approximately $1,039,127.68. This represents a 16.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Robert L. Duffy sold 6,000 shares of the business’s stock in a transaction that occurred 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 transaction, the senior vice president now owns 3,206 shares of the company’s stock, valued at $333,520.18. This represents a 65.17 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 53,625 shares of company stock worth $5,734,145. 0.47% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BWXT. Seaport Res Ptn upgraded BWX Technologies to a “strong-buy” rating in a research note on Tuesday, April 1st. Bank of America reduced their price target on BWX Technologies from $160.00 to $135.00 and set a “buy” rating on the stock in a research report on Wednesday, March 26th. Barclays increased their price objective on shares of BWX Technologies from $90.00 to $105.00 and gave the company an “underweight” rating in a research report on Monday, December 16th. Truist Financial boosted 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. Finally, Maxim Group raised their price target on shares of BWX Technologies from $138.00 to $140.00 and gave the company a “buy” rating in a report on Friday, January 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $124.38.

BWX Technologies Price Performance

Shares of BWXT stock opened at $89.14 on Friday. The firm has a fifty day moving average of $104.30 and a two-hundred day moving average of $114.38. The firm has a market cap of $8.15 billion, a P/E ratio of 29.52, a P/E/G ratio of 3.20 and a beta of 0.67. BWX Technologies, Inc. has a 1-year low of $86.70 and a 1-year 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.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings data 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. 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 during the quarter, compared to analyst estimates of $653.16 million. As a group, research analysts anticipate that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Tuesday, March 11th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.12%. This is a boost from BWX Technologies’s previous quarterly dividend of $0.24. The ex-dividend date was Tuesday, March 11th. BWX Technologies’s dividend payout ratio is 32.57%.

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.