Centiva Capital LP Purchases 15,026 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Centiva Capital LP increased its position in BWX Technologies, Inc. (NYSE:BWXT) by 321.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,698 shares of the technology company’s stock after purchasing an additional 15,026 shares during the quarter. Centiva Capital LP’s holdings in BWX Technologies were worth $2,194,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Bridgefront Capital LLC acquired a new stake in shares of BWX Technologies in the fourth quarter valued at approximately $561,000. Captrust Financial Advisors lifted its holdings in BWX Technologies by 6.4% during the 4th quarter. Captrust Financial Advisors now owns 28,788 shares of the technology company’s stock valued at $3,207,000 after purchasing an additional 1,722 shares during the last quarter. Balyasny Asset Management L.P. increased its holdings in shares of BWX Technologies by 204.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 916,323 shares of the technology company’s stock valued at $102,069,000 after purchasing an additional 615,693 shares during the last quarter. Benjamin Edwards Inc. raised its position in shares of BWX Technologies by 73.7% in the fourth quarter. Benjamin Edwards Inc. now owns 3,687 shares of the technology company’s stock valued at $411,000 after purchasing an additional 1,564 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake in shares of BWX Technologies by 93.9% during the 4th quarter. BNP Paribas Financial Markets now owns 90,376 shares of the technology company’s stock worth $10,067,000 after buying an additional 43,772 shares during the last quarter. 94.39% of the stock is currently owned by institutional investors and hedge funds.

BWX Technologies Stock Down 3.3 %

Shares of NYSE BWXT opened at $108.32 on Wednesday. BWX Technologies, Inc. has a 1 year low of $84.21 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. The firm has a market cap of $9.90 billion, a PE ratio of 35.87, a price-to-earnings-growth ratio of 3.20 and a beta of 0.66. The company has a 50 day simple moving average of $102.00 and a 200 day simple moving average of $112.92.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings data on Monday, May 5th. The technology company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.18. The business had revenue of $682.26 million during the quarter, compared to the consensus estimate of $644.15 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. BWX Technologies’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.76 earnings per share. On average, research analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Monday, May 19th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend is Monday, May 19th. BWX Technologies’s dividend payout ratio is currently 32.57%.

Insiders Place Their Bets

In related news, CEO Rex D. Geveden sold 45,625 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 218,218 shares of the company’s stock, valued at $23,436,613.20. This represents a 17.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 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 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 worth $5,734,145. Company insiders own 0.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BWXT. Truist Financial boosted their price objective on BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a report on Tuesday, January 14th. Bank of America lowered their price objective 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. Seaport Res Ptn upgraded BWX Technologies to a “strong-buy” rating in a research report on Tuesday, April 1st. Finally, Maxim Group increased their price objective on shares of 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 issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, BWX Technologies has an average rating of “Moderate Buy” and an average price target of $124.38.

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.