Zurcher Kantonalbank Zurich Cantonalbank Has $1.85 Million Stock Position in BWX Technologies, Inc. (NYSE:BWXT)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in BWX Technologies, Inc. (NYSE:BWXT) by 2.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 16,564 shares of the technology company’s stock after acquiring an additional 381 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in BWX Technologies were worth $1,845,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Stone House Investment Management LLC lifted its position in shares of BWX Technologies by 76.2% in the 3rd quarter. Stone House Investment Management LLC now owns 229 shares of the technology company’s stock worth $25,000 after acquiring an additional 99 shares during the period. Quarry LP lifted its position in shares of BWX Technologies by 93.6% in the 3rd quarter. Quarry LP now owns 271 shares of the technology company’s stock worth $29,000 after acquiring an additional 131 shares during the period. Retirement Wealth Solutions LLC bought a new stake in shares of BWX Technologies in the 4th quarter worth approximately $30,000. HHM Wealth Advisors LLC lifted its position in shares of BWX Technologies by 45.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company’s stock worth $32,000 after acquiring an additional 90 shares during the period. Finally, Principal Securities Inc. lifted its position in shares of BWX Technologies by 40.4% in the 4th quarter. Principal Securities Inc. now owns 316 shares of the technology company’s stock worth $35,000 after acquiring an additional 91 shares during the period. Institutional investors own 94.39% of the company’s stock.

BWX Technologies Trading Up 1.6 %

Shares of BWXT opened at $99.85 on Tuesday. The stock has a fifty day moving average price of $110.04 and a two-hundred day moving average price of $114.34. 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, Inc. has a 52-week low of $86.70 and a 52-week high of $136.31. The company has a market cap of $9.13 billion, a price-to-earnings ratio of 33.06, a PEG ratio of 3.20 and a beta of 0.69.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings data on Monday, February 24th. The technology company reported $0.92 earnings per share (EPS) 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 the consensus estimate of $653.16 million. Analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Tuesday, March 11th will be given a $0.25 dividend. This is an increase from BWX Technologies’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.00 annualized dividend and a yield of 1.00%. BWX Technologies’s payout ratio is presently 32.57%.

Insider Activity

In other news, CEO Rex D. Geveden sold 45,625 shares of BWX Technologies stock in a transaction on 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 directly owns 218,218 shares of the company’s stock, valued at approximately $23,436,613.20. This trade represents a 17.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Robert L. Duffy sold 6,000 shares of BWX Technologies 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 directly 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 ninety days, insiders sold 53,625 shares of company stock valued at $5,734,145. Company insiders own 0.47% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on BWXT. Barclays raised their price objective on BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a research report on Monday, December 16th. Maxim Group raised their price objective on BWX Technologies from $138.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Finally, Truist Financial raised their target price on BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $127.50.

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.