Paradoxiom Capital L.P. Purchases New Position in BWX Technologies, Inc. (NYSE:BWXT)

Paradoxiom Capital L.P. purchased a new stake in BWX Technologies, Inc. (NYSE:BWXT) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 84,999 shares of the technology company’s stock, valued at approximately $9,468,000. BWX Technologies makes up 3.9% of Paradoxiom Capital L.P.’s investment portfolio, making the stock its 7th largest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of BWXT. Vanguard Group Inc. boosted its holdings in BWX Technologies by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 9,211,924 shares of the technology company’s stock worth $1,026,116,000 after buying an additional 202,917 shares during the last quarter. Demars Financial Group LLC boosted its holdings in BWX Technologies by 9,309.0% in the 4th quarter. Demars Financial Group LLC now owns 4,482,439 shares of the technology company’s stock worth $499,299,000 after buying an additional 4,434,799 shares during the last quarter. Franklin Resources Inc. boosted its holdings in BWX Technologies by 8.5% in the 4th quarter. Franklin Resources Inc. now owns 2,315,671 shares of the technology company’s stock worth $257,943,000 after buying an additional 182,311 shares during the last quarter. Van ECK Associates Corp boosted its holdings in BWX Technologies by 46.7% in the 4th quarter. Van ECK Associates Corp now owns 1,408,736 shares of the technology company’s stock worth $156,919,000 after buying an additional 448,467 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in BWX Technologies by 19.8% in the 4th quarter. Bank of New York Mellon Corp now owns 1,379,779 shares of the technology company’s stock worth $153,694,000 after buying an additional 228,413 shares during the last quarter. Hedge funds and other institutional investors own 94.39% of the company’s stock.

BWX Technologies Trading Up 0.3%

BWXT opened at $107.40 on Wednesday. BWX Technologies, Inc. has a one year low of $84.21 and a one year high of $136.31. The stock has a market capitalization of $9.81 billion, a PE ratio of 35.56, a P/E/G ratio of 3.20 and a beta of 0.66. The business’s 50 day moving average price is $102.56 and its 200 day moving average price is $112.37. 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 released its quarterly earnings data on Monday, May 5th. The technology company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.18. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The firm had revenue of $682.26 million for the quarter, compared to analysts’ expectations of $644.15 million. During the same period in the prior year, the firm posted $0.76 earnings per share. The firm’s quarterly revenue was up 13.0% on a year-over-year basis. As a group, equities research analysts expect that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, May 19th will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.00 dividend on an annualized basis and a yield of 0.93%. BWX Technologies’s payout ratio is currently 31.85%.

Insider Activity at BWX Technologies

In related news, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the firm’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $104.92, for a total value of $209,840.00. Following the completion of the sale, the senior vice president now owns 9,904 shares in the company, valued at $1,039,127.68. This trade represents a 16.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Rex D. Geveden sold 45,625 shares of the firm’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 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 over the last 90 days. Company insiders own 0.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Maxim Group lowered their target price on BWX Technologies from $140.00 to $136.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. Bank of America lowered their target price on BWX Technologies from $160.00 to $135.00 and set a “buy” rating on the stock in a report on Wednesday, March 26th. Truist Financial boosted their target price on BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a report on Tuesday, January 14th. Finally, Seaport Res Ptn upgraded BWX Technologies to a “strong-buy” rating in a report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $123.88.

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.