BWX Technologies, Inc. (NYSE:BWXT) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,960 shares of the technology company’s stock after selling 1,254 shares during the period. Victory Capital Management Inc. owned about 0.08% of BWX Technologies worth $8,238,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BWXT. Steward Partners Investment Advisory LLC raised its stake in shares of BWX Technologies by 28.4% during 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 purchasing an additional 9,138 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of BWX Technologies during the fourth quarter valued at approximately $58,000. Jones Financial Companies Lllp raised its stake in shares of BWX Technologies by 32.5% during the fourth quarter. Jones Financial Companies Lllp now owns 1,825 shares of the technology company’s stock valued at $203,000 after purchasing an additional 448 shares during the period. US Bancorp DE raised its stake in shares of BWX Technologies by 10.8% during the fourth quarter. US Bancorp DE now owns 10,281 shares of the technology company’s stock valued at $1,145,000 after purchasing an additional 999 shares during the period. Finally, Proficio Capital Partners LLC purchased a new stake in shares of BWX Technologies during the fourth quarter valued at approximately $1,687,000. 94.39% of the stock is owned by institutional investors and hedge funds.

BWX Technologies Price Performance

BWX Technologies stock opened at $98.43 on Friday. The business’s 50-day simple moving average is $110.64 and its 200 day simple moving average is $114.20. The stock has a market cap of $9.01 billion, a price-to-earnings ratio of 32.59, a P/E/G ratio of 3.20 and a beta of 0.69. BWX Technologies, Inc. has a 12-month low of $86.70 and a 12-month high of $136.31. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Monday, February 24th. The technology company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.12. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The company had revenue of $746.27 million for the quarter, compared to analyst estimates of $653.16 million. As a group, research analysts anticipate that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Tuesday, March 11th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This is a positive change from BWX Technologies’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.02%. BWX Technologies’s payout ratio is presently 32.57%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BWXT. Maxim Group lifted their price target on shares of BWX Technologies from $138.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Truist Financial lifted their price target 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. Finally, Barclays lifted their price target on shares of BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $127.50.

Insider Buying and Selling

In other BWX Technologies news, CEO Rex D. Geveden sold 45,625 shares of the company’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 transaction, the chief executive officer now directly 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Robert L. Duffy sold 6,000 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $104.03, for a total value 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. This represents a 65.17 % 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 insiders.

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.