Barings LLC boosted its position in BWX Technologies Inc (NYSE:BWXT) by 121.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,500 shares of the technology company’s stock after buying an additional 12,900 shares during the quarter. Barings LLC’s holdings in BWX Technologies were worth $1,422,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of BWXT. OLD National Bancorp IN lifted its holdings in shares of BWX Technologies by 65.4% during the 4th quarter. OLD National Bancorp IN now owns 11,299 shares of the technology company’s stock worth $683,000 after acquiring an additional 4,468 shares during the period. Swiss National Bank increased its position in BWX Technologies by 2.1% in the 4th quarter. Swiss National Bank now owns 152,200 shares of the technology company’s stock valued at $9,207,000 after acquiring an additional 3,100 shares in the last quarter. California Public Employees Retirement System increased its position in BWX Technologies by 3.2% in the 4th quarter. California Public Employees Retirement System now owns 294,985 shares of the technology company’s stock valued at $17,844,000 after acquiring an additional 9,066 shares in the last quarter. M&T Bank Corp increased its position in BWX Technologies by 23.1% in the 4th quarter. M&T Bank Corp now owns 8,137 shares of the technology company’s stock valued at $492,000 after acquiring an additional 1,527 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its position in BWX Technologies by 318.8% in the 4th quarter. Teacher Retirement System of Texas now owns 30,816 shares of the technology company’s stock valued at $1,864,000 after acquiring an additional 23,457 shares in the last quarter. Institutional investors and hedge funds own 94.57% of the company’s stock.
BWX Technologies Inc (NYSE BWXT) traded down $0.56 during trading hours on Wednesday, reaching $63.79. 576,347 shares of the company’s stock were exchanged, compared to its average volume of 468,261. The firm has a market cap of $6,427.89, a P/E ratio of 31.67, a PEG ratio of 2.29 and a beta of 0.51. BWX Technologies Inc has a twelve month low of $45.79 and a twelve month high of $65.82. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.65 and a quick ratio of 1.65.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Monday, March 12th will be given a $0.16 dividend. The ex-dividend date of this dividend is Friday, March 9th. This represents a $0.64 annualized dividend and a yield of 1.00%. This is an increase from BWX Technologies’s previous quarterly dividend of $0.11. BWX Technologies’s dividend payout ratio (DPR) is presently 43.84%.
Several equities research analysts have recently commented on the stock. Zacks Investment Research cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Monday, January 29th. Wells Fargo & Co initiated coverage on shares of BWX Technologies in a report on Monday, December 11th. They set a “market perform” rating and a $65.00 price objective for the company. Seaport Global Securities initiated coverage on shares of BWX Technologies in a research note on Wednesday, January 10th. They issued a “buy” rating and a $72.00 price target on the stock. ValuEngine raised shares of BWX Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, Alembic Global Advisors reaffirmed a “buy” rating on shares of BWX Technologies in a research report on Tuesday, March 6th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. BWX Technologies has a consensus rating of “Buy” and a consensus target price of $65.88.
In other BWX Technologies news, CFO David S. Black sold 1,000 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $60.36, for a total transaction of $60,360.00. Following the transaction, the chief financial officer now directly owns 60,979 shares in the company, valued at approximately $3,680,692.44. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have sold 3,000 shares of company stock worth $186,350. Company insiders own 0.76% of the company’s stock.
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BWX Technologies Profile
BWX Technologies, Inc is a manufacturer of nuclear components and a service provider. The Company’s businesses focus on the design, engineering and manufacture of precision naval nuclear components, reactors and nuclear fuel for the United States Government. Its segments include Nuclear Operations, Technical Services, Nuclear Energy and Other.
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