Bridgefront Capital LLC Acquires New Stake in BWX Technologies, Inc. (NYSE:BWXT)

Bridgefront Capital LLC acquired a new position in shares of BWX Technologies, Inc. (NYSE:BWXT) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 5,034 shares of the technology company’s stock, valued at approximately $561,000.

Several other hedge funds also recently made changes to their positions in BWXT. Retirement Wealth Solutions LLC acquired a new position in shares of BWX Technologies during the fourth quarter worth about $30,000. HHM Wealth Advisors LLC increased its position in 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 during the period. Principal Securities Inc. raised its stake in shares of BWX Technologies by 40.4% during the 4th quarter. Principal Securities Inc. now owns 316 shares of the technology company’s stock worth $35,000 after buying an additional 91 shares in the last quarter. V Square Quantitative Management LLC lifted its holdings in shares of BWX Technologies by 40.5% in 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 period. Finally, UMB Bank n.a. boosted its stake in shares of BWX Technologies by 97.3% in the fourth quarter. UMB Bank n.a. now owns 507 shares of the technology company’s stock valued at $56,000 after buying an additional 250 shares in the last quarter. Institutional investors and hedge funds own 94.39% of the company’s stock.

Insider Activity at BWX Technologies

In other news, CEO Rex D. Geveden sold 45,625 shares of the business’s 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 completion of the sale, the chief executive officer now directly owns 218,218 shares of the company’s stock, valued at $23,436,613.20. The trade was a 17.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 value 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. This trade represents a 65.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 53,625 shares of company stock worth $5,734,145. 0.47% of the stock is currently owned by insiders.

BWX Technologies Trading Down 0.4 %

Shares of BWXT stock opened at $112.18 on Tuesday. The company has a market capitalization of $10.25 billion, a price-to-earnings ratio of 37.15, a PEG ratio of 3.20 and a beta of 0.66. 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 firm has a 50-day moving average price of $101.87 and a 200 day moving average price of $112.96. BWX Technologies, Inc. has a twelve month low of $84.21 and a twelve month high of $136.31.

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. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The business had revenue of $682.26 million during the quarter, compared to analyst estimates of $644.15 million. During the same quarter in the previous year, the business posted $0.76 earnings per share. The company’s revenue was up 13.0% on a year-over-year basis. Research analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Tuesday, March 11th were given a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.89%. This is an increase from BWX Technologies’s previous quarterly dividend of $0.24. BWX Technologies’s payout ratio is currently 32.57%.

Wall Street Analyst Weigh In

BWXT has been the topic of a number of recent analyst reports. Seaport Res Ptn raised shares of BWX Technologies to a “strong-buy” rating in a research note on Tuesday, April 1st. Maxim Group upped their target price on shares of 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 reduced their price target on shares of BWX Technologies from $160.00 to $135.00 and set a “buy” rating for the company in a research report on Wednesday, March 26th. Finally, Truist Financial upped their price target on BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.