Proficio Capital Partners LLC Makes New $1.69 Million Investment in BWX Technologies, Inc. (NYSE:BWXT)

Proficio Capital Partners LLC purchased a new position in shares of BWX Technologies, Inc. (NYSE:BWXT) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 15,149 shares of the technology company’s stock, valued at approximately $1,687,000.

A number of other institutional investors also recently modified their holdings of BWXT. Stone House Investment Management LLC grew its position in shares of BWX Technologies by 76.2% in the third quarter. Stone House Investment Management LLC now owns 229 shares of the technology company’s stock valued at $25,000 after purchasing an additional 99 shares in the last quarter. Quarry LP increased its position in shares of BWX Technologies by 93.6% in the third quarter. Quarry LP now owns 271 shares of the technology company’s stock worth $29,000 after purchasing an additional 131 shares during the last quarter. Retirement Wealth Solutions LLC purchased a new position in BWX Technologies in the 4th quarter worth approximately $30,000. HHM Wealth Advisors LLC increased its stake in BWX Technologies by 45.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company’s stock valued at $32,000 after acquiring an additional 90 shares during the last quarter. Finally, Principal Securities Inc. increased its position in shares of BWX Technologies by 40.4% during the 4th quarter. Principal Securities Inc. now owns 316 shares of the technology company’s stock valued at $35,000 after purchasing an additional 91 shares during the last quarter. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

BWX Technologies Stock Performance

Shares of BWXT stock opened at $102.49 on Thursday. The company has a market capitalization of $9.38 billion, a price-to-earnings ratio of 33.94, a price-to-earnings-growth ratio of 3.20 and a beta of 0.69. BWX Technologies, Inc. has a one year low of $86.70 and a one year high of $136.31. 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’s 50-day moving average is $109.48 and its 200 day moving average is $114.23.

BWX Technologies (NYSE:BWXT) last issued 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 business had revenue of $746.27 million during the quarter, compared to analyst estimates of $653.16 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. Sell-side analysts expect that BWX Technologies, Inc. will post 3.23 EPS 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 given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.98%. This is a boost from BWX Technologies’s previous quarterly dividend of $0.24. The ex-dividend date is Tuesday, March 11th. BWX Technologies’s dividend payout ratio (DPR) is presently 32.57%.

Analyst Upgrades and Downgrades

BWXT has been the topic of several analyst reports. Truist Financial lifted their price objective on BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a report on Tuesday, January 14th. Maxim Group increased 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. Finally, Barclays lifted their price objective on BWX Technologies from $90.00 to $105.00 and gave the company an “underweight” rating in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $127.50.

Insider Buying and Selling at BWX Technologies

In other news, CEO Rex D. Geveden sold 45,625 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the business’s 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 completion of the sale, 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 53,625 shares of company stock valued at $5,734,145. Company insiders own 0.47% of the company’s stock.

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.