Jones Financial Companies Lllp Buys 448 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Jones Financial Companies Lllp increased its stake in BWX Technologies, Inc. (NYSE:BWXT) by 32.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,825 shares of the technology company’s stock after purchasing an additional 448 shares during the quarter. Jones Financial Companies Lllp’s holdings in BWX Technologies were worth $203,000 at the end of the most recent quarter.

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

BWX Technologies Stock Performance

NYSE:BWXT opened at $96.88 on Friday. The company’s 50-day moving average price is $110.93 and its 200-day moving average price is $114.32. 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 company has a market cap of $8.86 billion, a P/E ratio of 32.08, a P/E/G ratio of 3.20 and a beta of 0.69. BWX Technologies, Inc. has a twelve month low of $86.70 and a twelve month high of $136.31.

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

BWX Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Tuesday, March 11th will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, March 11th. This is an increase from BWX Technologies’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 1.03%. BWX Technologies’s payout ratio is 32.57%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on BWXT shares. 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 report on Friday, January 10th. Bank of America upped their price target on shares of BWX Technologies from $115.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Barclays raised their price target on shares of BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a report on Monday, December 16th. Finally, Truist Financial increased their price objective on shares of BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a research note on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, BWX Technologies has an average rating of “Moderate Buy” and an average target price of $127.50.

Insiders Place Their Bets

In other BWX Technologies news, SVP Robert L. Duffy sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were 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 owns 3,206 shares in the company, valued at $333,520.18. The trade was a 65.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at 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 stock was sold at an average price of $107.40, for a total transaction of $4,900,125.00. Following 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 disclosure for this sale can be found here. Insiders have sold 53,625 shares of company stock valued at $5,734,145 over the last ninety days. Company 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.