Xponance Inc. Purchases 493 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Xponance Inc. boosted its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 4.3% in the 4th quarter, HoldingsChannel reports. The firm owned 12,008 shares of the technology company’s stock after buying an additional 493 shares during the period. Xponance Inc.’s holdings in BWX Technologies were worth $1,338,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in BWX Technologies by 22.3% during the 3rd quarter. FMR LLC now owns 1,754,567 shares of the technology company’s stock valued at $190,721,000 after purchasing an additional 320,217 shares during the last quarter. Geode Capital Management LLC lifted 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 during the last quarter. Van ECK Associates Corp lifted its holdings in BWX Technologies by 46.7% during the 4th quarter. Van ECK Associates Corp now owns 1,408,736 shares of the technology company’s stock valued at $156,919,000 after purchasing an additional 448,467 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in BWX Technologies by 19.8% during the 4th quarter. Bank of New York Mellon Corp now owns 1,379,779 shares of the technology company’s stock valued at $153,694,000 after purchasing an additional 228,413 shares during the last quarter. Finally, Copeland Capital Management LLC lifted its holdings in BWX Technologies by 0.7% during the 4th quarter. Copeland Capital Management LLC now owns 716,946 shares of the technology company’s stock valued at $79,861,000 after purchasing an additional 5,173 shares during the last quarter. 94.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Maxim Group raised their price objective 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 raised their price objective on shares of BWX Technologies from $90.00 to $105.00 and gave the company an “underweight” rating in a research report on Monday, December 16th. Finally, Truist Financial raised their price objective on shares of 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 issued a buy rating to the company. According to data from MarketBeat.com, BWX Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $127.50.

BWX Technologies Stock Down 1.1 %

Shares of NYSE:BWXT opened at $99.27 on Friday. BWX Technologies, Inc. has a one year low of $86.70 and a one year high of $136.31. The company has a 50 day moving average of $108.89 and a 200-day moving average of $114.21. 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 stock has a market cap of $9.08 billion, a price-to-earnings ratio of 32.87, a P/E/G ratio of 3.20 and a beta of 0.69.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings results on Monday, February 24th. The technology company reported $0.92 EPS 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 company had revenue of $746.27 million during the quarter, compared to analysts’ expectations of $653.16 million. On average, sell-side analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Tuesday, March 11th will be given a dividend of $0.25 per share. This is a boost from BWX Technologies’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.00 annualized dividend and a dividend yield of 1.01%. BWX Technologies’s payout ratio is currently 32.57%.

Insider Transactions at BWX Technologies

In related news, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $104.92, for a total transaction of $209,840.00. Following the completion of the transaction, the senior vice president now owns 9,904 shares in the company, valued at approximately $1,039,127.68. The trade was a 16.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Rex D. Geveden sold 45,625 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 218,218 shares of the company’s stock, valued at approximately $23,436,613.20. This represents 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 quarter. 0.47% of the stock is owned by company insiders.

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.