LPL Financial LLC Increases Position in BWX Technologies, Inc. (NYSE:BWXT)

LPL Financial LLC increased its holdings in BWX Technologies, Inc. (NYSE:BWXT) by 69.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 54,552 shares of the technology company’s stock after buying an additional 22,340 shares during the period. LPL Financial LLC’s holdings in BWX Technologies were worth $6,077,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of BWXT. HHM Wealth Advisors LLC raised its holdings 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 purchasing an additional 90 shares during the period. Principal Securities Inc. increased its position in 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 buying an additional 91 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in shares of BWX Technologies by 0.4% in the fourth quarter. Louisiana State Employees Retirement System now owns 25,400 shares of the technology company’s stock valued at $2,829,000 after buying an additional 100 shares during the period. AdvisorNet Financial Inc raised its stake in shares of BWX Technologies by 15.4% in the fourth quarter. AdvisorNet Financial Inc now owns 779 shares of the technology company’s stock valued at $87,000 after buying an additional 104 shares during the period. Finally, V Square Quantitative Management LLC lifted its position in shares of BWX Technologies by 40.5% during the 4th quarter. V Square Quantitative Management LLC now owns 406 shares of the technology company’s stock valued at $45,000 after buying an additional 117 shares during the last quarter. 94.39% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other BWX Technologies news, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of BWX Technologies stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $104.92, for a total transaction of $209,840.00. Following the completion of the sale, the senior vice president now directly owns 9,904 shares in the company, valued at $1,039,127.68. The trade was a 16.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Robert L. Duffy sold 6,000 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $104.03, for a total transaction of $624,180.00. Following the completion of the transaction, the senior vice president now directly owns 3,206 shares in the company, valued at $333,520.18. The trade was a 65.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 53,625 shares of company stock worth $5,734,145 in the last ninety days. 0.47% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Bank of America decreased their price objective on BWX Technologies from $160.00 to $135.00 and set a “buy” rating for the company in a report on Wednesday, March 26th. Seaport Res Ptn upgraded shares of BWX Technologies to a “strong-buy” rating in a research note on Tuesday, April 1st. Maxim Group boosted their price target on shares of BWX Technologies from $138.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Truist Financial raised their price objective on shares of BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a report on Tuesday, January 14th. Finally, Barclays lifted their price objective on shares of BWX Technologies from $90.00 to $105.00 and gave the company an “underweight” rating in a research note on Monday, December 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $124.38.

BWX Technologies Price Performance

Shares of NYSE:BWXT opened at $89.84 on Tuesday. The company has a 50 day moving average of $103.86 and a 200 day moving average of $114.44. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. The stock has a market cap of $8.21 billion, a P/E ratio of 29.75, a P/E/G ratio of 3.20 and a beta of 0.67. BWX Technologies, Inc. has a 12 month low of $84.21 and a 12 month high of $136.31.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Monday, February 24th. The technology company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.12. The firm had revenue of $746.27 million during the quarter, compared to analyst estimates of $653.16 million. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. As a group, sell-side analysts forecast that BWX Technologies, Inc. will post 3.23 EPS 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 paid a $0.25 dividend. This is a positive change from BWX Technologies’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date was Tuesday, March 11th. BWX Technologies’s dividend payout ratio is currently 32.57%.

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.