Orion Portfolio Solutions LLC Sells 564 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Orion Portfolio Solutions LLC decreased its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 2.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,759 shares of the technology company’s stock after selling 564 shares during the period. Orion Portfolio Solutions LLC’s holdings in BWX Technologies were worth $2,646,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Pictet Asset Management Holding SA lifted its stake in shares of BWX Technologies by 12.3% in the 4th quarter. Pictet Asset Management Holding SA now owns 13,532 shares of the technology company’s stock valued at $1,507,000 after purchasing an additional 1,478 shares during the period. New Age Alpha Advisors LLC bought a new position in BWX Technologies in the fourth quarter worth $2,187,000. Caisse Des Depots ET Consignations purchased a new position in BWX Technologies during the fourth quarter valued at $2,952,000. Blair William & Co. IL boosted its holdings in shares of BWX Technologies by 949.0% during the 4th quarter. Blair William & Co. IL now owns 424,821 shares of the technology company’s stock valued at $47,321,000 after buying an additional 384,323 shares in the last quarter. Finally, NEOS Investment Management LLC purchased a new stake in shares of BWX Technologies in the 4th quarter worth about $388,000. Institutional investors own 94.39% of the company’s stock.

BWX Technologies Stock Down 0.6 %

BWX Technologies stock opened at $98.65 on Tuesday. BWX Technologies, Inc. has a 12 month low of $86.70 and a 12 month high of $136.31. The stock has a fifty day simple moving average of $106.77 and a two-hundred day simple moving average of $114.54. 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 market cap of $9.02 billion, a price-to-earnings ratio of 32.66, a PEG ratio of 3.20 and a beta of 0.69.

BWX Technologies (NYSE:BWXT) last issued its earnings results 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. The business had revenue of $746.27 million during the quarter, compared to analyst estimates of $653.16 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. Equities analysts predict 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 was paid on Friday, March 28th. Shareholders of record on Tuesday, March 11th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend was Tuesday, March 11th. This is an increase from BWX Technologies’s previous quarterly dividend of $0.24. BWX Technologies’s payout ratio is 32.57%.

Wall Street Analysts Forecast Growth

BWXT has been the subject of a number of recent research reports. Maxim Group lifted their price target on shares of BWX Technologies from $138.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Barclays lifted their target price on shares of BWX Technologies from $90.00 to $105.00 and gave the company an “underweight” rating in a report on Monday, December 16th. Truist Financial boosted their price target on BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. Finally, Bank of America reduced 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $124.38.

Insider Buying and Selling at BWX Technologies

In other news, CEO Rex D. Geveden sold 45,625 shares of the company’s stock in a transaction dated 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 owns 218,218 shares of the company’s stock, valued at $23,436,613.20. This represents a 17.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 completion of the transaction, the senior vice president now directly owns 3,206 shares in the company, valued at approximately $333,520.18. The trade was a 65.17 % decrease in their position. 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. Insiders own 0.47% of the company’s stock.

BWX Technologies 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.