Bullseye Asset Management LLC Decreases Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Bullseye Asset Management LLC lowered its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 1.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,486 shares of the technology company’s stock after selling 169 shares during the period. Bullseye Asset Management LLC’s holdings in BWX Technologies were worth $1,948,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Retirement Wealth Solutions LLC acquired a new position in BWX Technologies during the fourth quarter worth about $30,000. HHM Wealth Advisors LLC lifted its position in BWX Technologies by 45.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company’s stock worth $32,000 after buying an additional 90 shares in the last quarter. Principal Securities Inc. boosted its stake in BWX Technologies by 40.4% during 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. V Square Quantitative Management LLC grew its holdings in 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 in the last quarter. Finally, UMB Bank n.a. increased its stake in shares of BWX Technologies by 97.3% in the 4th quarter. UMB Bank n.a. now owns 507 shares of the technology company’s stock worth $56,000 after acquiring an additional 250 shares during the last quarter. 94.39% of the stock is currently owned by institutional investors and hedge funds.

BWX Technologies Stock Performance

NYSE BWXT opened at $107.91 on Friday. 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 company has a market cap of $9.86 billion, a P/E ratio of 35.73, a P/E/G ratio of 3.20 and a beta of 0.67. The stock has a 50-day moving average of $101.05 and a two-hundred day moving average of $113.54. BWX Technologies, Inc. has a 1-year low of $84.21 and a 1-year high of $136.31.

BWX Technologies (NYSE:BWXT) last announced its earnings results on Monday, February 24th. The technology company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.12. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The firm had revenue of $746.27 million for the quarter, compared to the consensus estimate of $653.16 million. As a group, analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Tuesday, March 11th were paid a $0.25 dividend. This is a boost from BWX Technologies’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend was Tuesday, March 11th. BWX Technologies’s dividend payout ratio (DPR) is presently 32.57%.

Insider Activity at BWX Technologies

In other BWX Technologies news, SVP Robert L. Duffy sold 6,000 shares of the stock in a transaction that occurred 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 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 sale was disclosed in a document filed with the SEC, which is available at this link. Also, 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 transaction of $4,900,125.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, 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 commented on BWXT. Maxim Group lifted their target price 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. Bank of America lowered their price objective on BWX Technologies from $160.00 to $135.00 and set a “buy” rating for the company in a research report on Wednesday, March 26th. Seaport Res Ptn upgraded BWX Technologies to a “strong-buy” rating in a research report on Tuesday, April 1st. Finally, Truist Financial increased 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 investment analyst has rated the stock with a sell rating, two have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company 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.