Robert L. Duffy Sells 6,000 Shares of BWX Technologies, Inc. (NYSE:BWXT) Stock

BWX Technologies, Inc. (NYSE:BWXT) SVP Robert L. Duffy sold 6,000 shares of the company’s stock in a transaction dated 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 sale, the senior vice president now directly owns 3,206 shares of the company’s stock, valued at $333,520.18. The trade was a 65.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

BWX Technologies Trading Down 0.8 %

Shares of BWXT opened at $99.40 on Friday. 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 firm’s 50-day moving average is $112.05 and its two-hundred day moving average is $114.30. BWX Technologies, Inc. has a twelve month low of $86.70 and a twelve month high of $136.31. The firm has a market capitalization of $9.09 billion, a P/E ratio of 32.92, a PEG ratio of 3.20 and a beta of 0.73.

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 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 company had revenue of $746.27 million for the quarter, compared to analyst estimates of $653.16 million. On average, research analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Tuesday, March 11th will be given a $0.25 dividend. The ex-dividend date is Tuesday, March 11th. This is a positive change from BWX Technologies’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 1.01%. BWX Technologies’s dividend payout ratio is currently 32.57%.

Analysts Set New Price Targets

BWXT has been the subject of several analyst reports. Bank of America increased their price target on shares of BWX Technologies from $115.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Truist Financial increased their price target on shares of 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 report on Friday, January 10th. Alembic Global Advisors raised shares of BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price target for the company in a report on Tuesday, November 12th. Finally, Barclays increased 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. 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $127.50.

Institutional Trading of BWX Technologies

Several large investors have recently modified their holdings of the business. Ameriflex Group Inc. acquired a new stake in shares of BWX Technologies in the fourth quarter valued at approximately $34,000. Vermillion Wealth Management Inc. acquired a new stake in shares of BWX Technologies in the fourth quarter valued at approximately $40,000. Mackenzie Financial Corp acquired a new stake in shares of BWX Technologies in the fourth quarter valued at approximately $387,000. 10Elms LLP acquired a new stake in shares of BWX Technologies in the fourth quarter valued at approximately $168,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of BWX Technologies by 1.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 319,455 shares of the technology company’s stock valued at $35,584,000 after purchasing an additional 5,336 shares during the last quarter. 94.39% of the stock is currently owned by institutional investors and hedge funds.

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.