1 day Ago By ABMN Staff
Victory Capital Management Inc. lowered its holdings in shares of BWX Technologies, Inc. ( NYSE:BWXT – Free Report ) by 1.
7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 73,960 shares of the technology company’s stock after selling 1,254 shares during the period. Victory Capital Management Inc.
’s holdings in BWX Technologies were worth $8,238,000 at the end of the most recent quarter. Other large investors have also added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC grew its stake in BWX Technologies by 28.
4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 41,267 shares of the technology company’s stock valued at $4,597,000 after acquiring an additional 9,138 shares during the period. SBI Securities Co.
Ltd. acquired a new stake in BWX Technologies in the fourth quarter valued at approximately $58,000. Jones Financial Companies Lllp grew its stake in BWX Technologies by 32.
5% in the fourth quarter. Jones Financial Companies Lllp now owns 1,825 shares of the technology company’s stock valued at $203,000 after acquiring an additional 448 shares during the period. US Bancorp DE grew its stake in BWX Technologies by 10.
8% in the fourth quarter. US Bancorp DE now owns 10,281 shares of the technology company’s stock valued at $1,145,000 after acquiring an additional 999 shares during the period. Finally, Proficio Capital Partners LLC acquired a new stake in BWX Technologies in the fourth quarter valued at approximately $1,687,000.
Institutional investors and hedge funds own 94.39% of the company’s stock. Wall Street Analyst Weigh In A number of brokerages have commented on BWXT.
Maxim Group raised their price objective on BWX Technologies from $138.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, January 10th.
Barclays raised their target price on BWX Technologies from $90.00 to $105.00 and gave the company an “underweight” rating in a report on Monday, December 16th.
Finally, Truist Financial raised their target price on BWX Technologies from $106.00 to $114.00 and gave the company a “hold” rating in a report on Tuesday, January 14th.
One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, BWX Technologies has a consensus rating of “Moderate Buy” and an average price target of $127.
50. BWX Technologies Stock Up 1.4 % BWXT stock opened at $98.
43 on Friday. BWX Technologies, Inc. has a fifty-two week low of $86.
70 and a fifty-two week high of $136.31. The business’s 50 day moving average price is $110.
64 and its two-hundred day moving average price is $114.20. The company has a debt-to-equity ratio of 1.
15, a quick ratio of 2.25 and a current ratio of 2.25.
The company has a market capitalization of $9.01 billion, a price-to-earnings ratio of 32.59, a price-to-earnings-growth ratio of 3.
20 and a beta of 0.69. BWX Technologies ( NYSE:BWXT – Get Free Report ) last posted 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 firm had revenue of $746.27 million for the quarter, compared to the consensus estimate of $653.
16 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.
32%. As a group, analysts forecast that BWX Technologies, Inc. will post 3.
23 earnings per share for the current fiscal year. BWX Technologies Increases Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Tuesday, March 11th will be given a $0.
25 dividend. The ex-dividend date is Tuesday, March 11th. 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.
02%. BWX Technologies’s dividend payout ratio is 32.57%.
Insider Activity at BWX Technologies In other news, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $104.
92, for a total transaction of $209,840.00. Following the transaction, the senior vice president now directly owns 9,904 shares of the company’s stock, valued at $1,039,127.
68. This represents a 16.80 % decrease in their position.
The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link . Also, CEO Rex D. Geveden sold 45,625 shares of the firm’s stock in a transaction 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. This represents a 17.
29 % decrease in their ownership of the stock. The disclosure for this sale can be found here . In the last three months, insiders have sold 53,625 shares of company stock valued at $5,734,145.
0.47% of the stock is owned by corporate insiders. BWX Technologies Company Profile ( Free Report ) 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. Featured Articles Want to see what other hedge funds are holding BWXT? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for BWX Technologies, Inc. ( NYSE:BWXT – Free Report ). Receive News & Ratings for BWX Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BWX Technologies and related companies with MarketBeat.
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