Cerity Partners LLC Has $1.87 Million Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Cerity Partners LLC trimmed its stake in BWX Technologies, Inc. (NYSE:BWXT) by 21.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,077 shares of the technology company’s stock after selling 4,626 shares during the period. Cerity Partners LLC’s holdings in BWX Technologies were worth $1,871,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Retirement Wealth Solutions LLC bought a new position in BWX Technologies during the fourth quarter valued at about $30,000. HHM Wealth Advisors LLC grew its holdings in shares of BWX Technologies by 45.0% during 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 in the last quarter. Principal Securities Inc. increased its position in shares of BWX Technologies by 40.4% during the fourth quarter. Principal Securities Inc. now owns 316 shares of the technology company’s stock valued at $35,000 after purchasing an additional 91 shares during the period. V Square Quantitative Management LLC raised its stake in shares of BWX Technologies by 40.5% in the fourth quarter. V Square Quantitative Management LLC now owns 406 shares of the technology company’s stock valued at $45,000 after purchasing an additional 117 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in BWX Technologies by 97.3% in the fourth quarter. UMB Bank n.a. now owns 507 shares of the technology company’s stock worth $56,000 after purchasing an additional 250 shares during the period. Institutional investors and hedge funds own 94.39% of the company’s stock.

BWX Technologies Price Performance

Shares of BWXT stock opened at $103.81 on Thursday. The firm’s 50 day moving average price is $101.75 and its two-hundred day moving average price is $113.97. 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 $84.21 and a 52-week high of $136.31. The stock has a market cap of $9.49 billion, a PE ratio of 34.37, a PEG ratio of 3.20 and a beta of 0.67.

BWX Technologies (NYSE:BWXT) last released its earnings results 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. The firm had revenue of $746.27 million for the quarter, compared to analyst estimates of $653.16 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. As a group, analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Tuesday, March 11th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.96%. 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 (DPR) is currently 32.57%.

Insider Activity

In related news, SVP Robert L. Duffy sold 6,000 shares of the stock in a transaction that occurred 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 sale, the senior vice president now directly owns 3,206 shares of the company’s stock, valued at approximately $333,520.18. This represents a 65.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Rex D. Geveden sold 45,625 shares of BWX Technologies stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $107.40, for a total transaction of $4,900,125.00. Following the completion of the transaction, the chief executive officer now directly owns 218,218 shares in the company, valued at approximately $23,436,613.20. The trade was a 17.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 53,625 shares of company stock valued at $5,734,145 in the last quarter. Company insiders own 0.47% of the company’s stock.

Analyst Upgrades and Downgrades

BWXT has been the subject of several recent research reports. Truist Financial increased their price target 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. Maxim Group raised their target price on BWX Technologies from $138.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Bank of America decreased their price target on BWX Technologies from $160.00 to $135.00 and set a “buy” rating on the stock in a research note on Wednesday, March 26th. Finally, Seaport Res Ptn upgraded BWX Technologies to a “strong-buy” rating in a research note on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $124.38.

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.