BWX Technologies, Inc. (NYSE:BWXT) Shares Sold by MRP Capital Investments LLC

MRP Capital Investments LLC cut its holdings in BWX Technologies, Inc. (NYSE:BWXT) by 0.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 16,053 shares of the technology company’s stock after selling 100 shares during the period. BWX Technologies comprises approximately 1.6% of MRP Capital Investments LLC’s holdings, making the stock its 16th biggest position. MRP Capital Investments LLC’s holdings in BWX Technologies were worth $1,788,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Stone House Investment Management LLC lifted its position in BWX Technologies by 76.2% in the 3rd quarter. Stone House Investment Management LLC now owns 229 shares of the technology company’s stock valued at $25,000 after purchasing an additional 99 shares during the last quarter. Quarry LP raised its position in shares of BWX Technologies by 93.6% during the 3rd quarter. Quarry LP now owns 271 shares of the technology company’s stock worth $29,000 after buying an additional 131 shares in the last quarter. Retirement Wealth Solutions LLC bought a new stake in shares of BWX Technologies during the 4th quarter worth about $30,000. HHM Wealth Advisors LLC grew its stake 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 last quarter. Finally, Principal Securities Inc. grew its stake in shares of BWX Technologies by 40.4% in the 4th quarter. Principal Securities Inc. now owns 316 shares of the technology company’s stock worth $35,000 after purchasing an additional 91 shares during the last quarter. 94.39% of the stock is owned by institutional investors and hedge funds.

BWX Technologies Stock Performance

Shares of BWXT opened at $100.26 on Friday. The company’s 50 day moving average price is $109.20 and its 200 day moving average price is $114.13. BWX Technologies, Inc. has a 52 week low of $86.70 and a 52 week high of $136.31. The company has a market capitalization of $9.17 billion, a PE ratio of 33.20, a PEG ratio of 3.20 and a beta of 0.69. 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 (NYSE:BWXT) last issued its quarterly earnings data on Monday, February 24th. The technology company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.12. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The business had revenue of $746.27 million during the quarter, compared to analysts’ expectations of $653.16 million. Research analysts expect that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Tuesday, March 11th will be paid a dividend of $0.25 per share. This is a boost from BWX Technologies’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Tuesday, March 11th. BWX Technologies’s dividend payout ratio is presently 32.57%.

Insider Activity at BWX Technologies

In other news, SVP Robert L. Duffy sold 6,000 shares of the company’s stock in a transaction dated 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 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 is available through the SEC website. Also, CEO Rex D. Geveden sold 45,625 shares of the company’s stock in a transaction dated 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 completion of the sale, 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 a total of 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.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Truist Financial lifted their price objective on shares of BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a research note on Tuesday, January 14th. 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 report on Friday, January 10th. Finally, Barclays lifted their target price on shares of BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a research report on Monday, December 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.50.

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.