Mawer Investment Management Ltd. Has $89.46 Million Stock Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Mawer Investment Management Ltd. lowered its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 2.6% in the fourth quarter, HoldingsChannel reports. The firm owned 803,164 shares of the technology company’s stock after selling 21,420 shares during the period. Mawer Investment Management Ltd.’s holdings in BWX Technologies were worth $89,464,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in BWXT. Narwhal Capital Management grew its stake in BWX Technologies by 33.4% during the fourth quarter. Narwhal Capital Management now owns 20,979 shares of the technology company’s stock worth $2,337,000 after buying an additional 5,250 shares during the last quarter. Geode Capital Management LLC increased its holdings in BWX Technologies by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,682,563 shares of the technology company’s stock valued at $182,938,000 after purchasing an additional 26,130 shares in the last quarter. Cadinha & Co. LLC raised its position in BWX Technologies by 469.2% in the 4th quarter. Cadinha & Co. LLC now owns 64,341 shares of the technology company’s stock valued at $7,167,000 after purchasing an additional 53,038 shares during the last quarter. Cooper Financial Group acquired a new position in BWX Technologies in the fourth quarter worth $737,000. Finally, Strategic Planning Group LLC acquired a new position in BWX Technologies in the fourth quarter worth $3,005,000. Institutional investors and hedge funds own 94.39% of the company’s stock.

Analysts Set New Price Targets

BWXT has been the topic of several research reports. Bank of America reduced their price target on shares of BWX Technologies from $160.00 to $135.00 and set a “buy” rating on the stock in a research report on Wednesday. Barclays increased their price target on shares of BWX Technologies from $90.00 to $105.00 and gave the company an “underweight” rating in a research note on Monday, December 16th. Maxim Group boosted their price objective 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, Truist Financial increased their price objective on BWX Technologies from $106.00 to $114.00 and gave the company a “hold” rating in a research report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, BWX Technologies currently has an average rating of “Moderate Buy” and an average price target of $124.38.

BWX Technologies Price Performance

Shares of BWXT stock opened at $99.24 on Friday. The firm’s 50 day moving average price is $107.26 and its two-hundred day moving average price is $114.41. The stock has a market cap of $9.07 billion, a PE ratio of 32.86, a PEG ratio of 3.20 and a beta of 0.69. BWX Technologies, Inc. has a 52-week low of $86.70 and a 52-week high of $136.31. 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 announced its quarterly earnings data on Monday, February 24th. The technology company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.12. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The business had revenue of $746.27 million during the quarter, compared to analysts’ expectations of $653.16 million. 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 announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Tuesday, March 11th were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This is a positive change from BWX Technologies’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 1.01%. BWX Technologies’s dividend payout ratio (DPR) is 32.57%.

Insider Transactions at BWX Technologies

In related news, CEO Rex D. Geveden sold 45,625 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $107.40, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Robert L. Duffy sold 6,000 shares of the firm’s 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 sale, the senior vice president now 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. Insiders have sold a total of 53,625 shares of company stock valued at $5,734,145 over the last three months. 0.47% of the stock is currently owned by corporate insiders.

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.