Congress Wealth Management LLC DE Acquires 125 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Congress Wealth Management LLC DE raised its stake in BWX Technologies, Inc. (NYSE:BWXT) by 5.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,249 shares of the technology company’s stock after acquiring an additional 125 shares during the quarter. Congress Wealth Management LLC DE’s holdings in BWX Technologies were worth $251,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in BWXT. Quarry LP lifted its stake in BWX Technologies by 93.6% in the 3rd quarter. Quarry LP now owns 271 shares of the technology company’s stock valued at $29,000 after purchasing an additional 131 shares during the last quarter. Retirement Wealth Solutions LLC bought a new position in shares of BWX Technologies in the 4th quarter valued at $30,000. HHM Wealth Advisors LLC boosted its holdings in shares of BWX Technologies by 45.0% during the 4th 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 in the last quarter. Principal Securities Inc. grew its position in BWX Technologies by 40.4% during the 4th quarter. Principal Securities Inc. now owns 316 shares of the technology company’s stock worth $35,000 after acquiring an additional 91 shares during the last quarter. Finally, V Square Quantitative Management LLC increased its holdings in BWX Technologies by 40.5% in the 4th quarter. V Square Quantitative Management LLC now owns 406 shares of the technology company’s stock worth $45,000 after purchasing an additional 117 shares in the last quarter. 94.39% of the stock is currently owned by institutional investors and hedge funds.

BWX Technologies Stock Performance

Shares of BWXT opened at $99.24 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 fifty day simple moving average is $107.26 and its two-hundred day simple moving average is $114.41. BWX Technologies, Inc. has a 12 month low of $86.70 and a 12 month high of $136.31. The stock has a market capitalization of $9.07 billion, a P/E ratio of 32.86, a price-to-earnings-growth ratio of 3.20 and a beta of 0.69.

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

BWX Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Tuesday, March 11th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was 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 yield of 1.01%. BWX Technologies’s dividend payout ratio is currently 32.57%.

Analysts Set New Price Targets

Several analysts have recently weighed in on BWXT shares. Barclays boosted their price target on BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a report on Monday, December 16th. Truist Financial upped their price target on shares of BWX Technologies from $106.00 to $114.00 and gave the company a “hold” rating in a research report on Tuesday, January 14th. 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 report on Friday, January 10th. Finally, Bank of America decreased their price objective on BWX Technologies from $160.00 to $135.00 and set a “buy” rating for the company in a report on Wednesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $124.38.

Insiders Place Their Bets

In other BWX Technologies news, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $104.92, for a total value of $209,840.00. Following the transaction, the senior vice president now owns 9,904 shares in the company, valued at approximately $1,039,127.68. This represents a 16.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Rex D. Geveden sold 45,625 shares of the company’s stock in a transaction that occurred 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 in the company, valued at $23,436,613.20. The trade was a 17.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 53,625 shares of company stock worth $5,734,145. 0.47% of the stock is currently owned by company insiders.

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.