Meeder Asset Management Inc. Has $4.42 Million Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Meeder Asset Management Inc. increased its holdings in BWX Technologies, Inc. (NYSE:BWXT) by 38.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,683 shares of the technology company’s stock after purchasing an additional 10,970 shares during the period. Meeder Asset Management Inc.’s holdings in BWX Technologies were worth $4,420,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of BWXT. Narwhal Capital Management raised its position in shares of BWX Technologies by 33.4% in the fourth quarter. Narwhal Capital Management now owns 20,979 shares of the technology company’s stock valued at $2,337,000 after purchasing an additional 5,250 shares during the period. Geode Capital Management LLC boosted its stake in BWX Technologies by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,682,563 shares of the technology company’s stock valued at $182,938,000 after purchasing an additional 26,130 shares during the period. Cadinha & Co. LLC grew its holdings in BWX Technologies by 469.2% in the 4th quarter. Cadinha & Co. LLC now owns 64,341 shares of the technology company’s stock valued at $7,167,000 after buying an additional 53,038 shares during the last quarter. Cooper Financial Group bought a new position in BWX Technologies during the fourth quarter worth $737,000. Finally, Strategic Planning Group LLC bought a new position in shares of BWX Technologies during the 4th quarter worth about $3,005,000. 94.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the company’s stock in a transaction dated 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 transaction, the senior vice president now directly owns 9,904 shares of the company’s stock, valued at $1,039,127.68. This represents a 16.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Robert L. Duffy sold 6,000 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $104.03, for a total value of $624,180.00. Following the transaction, the senior vice president now owns 3,206 shares of the company’s stock, valued at approximately $333,520.18. The trade was a 65.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 53,625 shares of company stock valued at $5,734,145. 0.47% of the stock is owned by corporate insiders.

BWX Technologies Stock Down 2.2 %

Shares of NYSE BWXT opened at $99.24 on Monday. The firm has a 50 day moving average price of $107.26 and a 200 day moving average price of $114.53. 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 stock has a market cap of $9.07 billion, a P/E ratio of 32.86, a P/E/G ratio of 3.20 and a beta of 0.69. BWX Technologies, Inc. has a 52-week low of $86.70 and a 52-week high of $136.31.

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

BWX Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Tuesday, March 11th were given a $0.25 dividend. 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 dividend yield of 1.01%. BWX Technologies’s payout ratio is currently 32.57%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Barclays upped their target price on shares of BWX Technologies from $90.00 to $105.00 and gave the company an “underweight” rating in a research note on Monday, December 16th. Maxim Group lifted their price target on BWX Technologies from $138.00 to $140.00 and gave the company a “buy” rating in a report on Friday, January 10th. Truist Financial increased their price objective 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. Finally, Bank of America dropped their target price on shares of BWX Technologies from $160.00 to $135.00 and set a “buy” rating for the company in a research note on Wednesday, March 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $124.38.

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.