Independent Advisor Alliance Buys 676 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Independent Advisor Alliance grew its stake in BWX Technologies, Inc. (NYSE:BWXT) by 2.5% in the 4th quarter, Holdings Channel reports. The firm owned 28,177 shares of the technology company’s stock after purchasing an additional 676 shares during the period. Independent Advisor Alliance’s holdings in BWX Technologies were worth $3,139,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in BWXT. QRG Capital Management Inc. bought a new position in BWX Technologies in the 3rd quarter worth $240,000. Assetmark Inc. increased its stake in shares of BWX Technologies by 10.7% in the 3rd quarter. Assetmark Inc. now owns 32,086 shares of the technology company’s stock worth $3,488,000 after acquiring an additional 3,090 shares in the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of BWX Technologies by 17.9% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 5,605 shares of the technology company’s stock worth $609,000 after acquiring an additional 852 shares in the last quarter. Aigen Investment Management LP bought a new position in shares of BWX Technologies in the 3rd quarter worth about $270,000. Finally, KBC Group NV increased its stake in shares of BWX Technologies by 10.9% in the 3rd quarter. KBC Group NV now owns 2,526 shares of the technology company’s stock worth $275,000 after acquiring an additional 249 shares in the last quarter. 94.39% of the stock is currently owned by institutional investors.

BWX Technologies Stock Performance

Shares of BWXT stock opened at $98.28 on Thursday. BWX Technologies, Inc. has a one year low of $86.70 and a one year high of $136.31. The company’s 50-day moving average is $111.19 and its 200 day moving average is $114.44. The company has a market capitalization of $8.99 billion, a price-to-earnings ratio of 32.54, a price-to-earnings-growth ratio of 3.20 and a beta of 0.69. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25.

BWX Technologies (NYSE:BWXT) last announced 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 net margin of 10.32% and a return on equity of 31.95%. The firm had revenue of $746.27 million during the quarter, compared to analyst estimates of $653.16 million. Sell-side analysts expect that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Tuesday, March 11th will be paid 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 dividend on an annualized basis and a dividend yield of 1.02%. BWX Technologies’s payout ratio is currently 32.57%.

Analyst Ratings Changes

Several research analysts recently issued reports on BWXT shares. 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 research note on Thursday, November 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. 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 research note on Tuesday, January 14th. 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 research note on Monday, December 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, BWX Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $127.50.

Insider Transactions at BWX Technologies

In related 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 sale, the senior vice president now directly owns 3,206 shares in the company, valued at approximately $333,520.18. The trade was a 65.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Rex D. Geveden sold 45,625 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were 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 trade represents a 17.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 53,625 shares of company stock worth $5,734,145 over the last three months. 0.47% of the stock is currently owned by company 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.