Magnetar Financial LLC Increases Stake in BWX Technologies, Inc. (NYSE:BWXT)

Magnetar Financial LLC grew its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 76.1% during the 4th quarter, HoldingsChannel reports. The fund owned 33,779 shares of the technology company’s stock after buying an additional 14,602 shares during the period. Magnetar Financial LLC’s holdings in BWX Technologies were worth $3,763,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of BWXT. Stone House Investment Management LLC increased its stake in shares of BWX Technologies by 76.2% in the third quarter. Stone House Investment Management LLC now owns 229 shares of the technology company’s stock worth $25,000 after buying an additional 99 shares during the period. Retirement Wealth Solutions LLC bought a new position in BWX Technologies during the 4th quarter valued at approximately $30,000. Quarry LP raised its position in shares of BWX Technologies by 93.6% in the 3rd quarter. Quarry LP now owns 271 shares of the technology company’s stock worth $29,000 after purchasing an additional 131 shares during the last quarter. HHM Wealth Advisors LLC lifted its stake in shares of BWX Technologies by 45.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company’s stock worth $32,000 after buying an additional 90 shares in the last quarter. Finally, Principal Securities Inc. raised its holdings in BWX Technologies by 40.4% in 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. 94.39% of the stock is owned by hedge funds and other institutional investors.

BWX Technologies Stock Performance

Shares of BWXT opened at $100.26 on Friday. The stock has a 50-day moving average of $109.20 and a two-hundred day moving average of $114.13. The stock has a market cap of $9.17 billion, a P/E ratio of 33.20, a P/E/G ratio of 3.20 and a beta of 0.69. BWX Technologies, Inc. has a one year low of $86.70 and a one year high of $136.31. 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 released its quarterly earnings data on Monday, February 24th. The technology company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.80 by $0.12. The business had revenue of $746.27 million for the quarter, compared to analyst estimates of $653.16 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. As a group, research analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Tuesday, March 11th will be given a dividend of $0.25 per share. This is a boost from BWX Technologies’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Tuesday, March 11th. BWX Technologies’s dividend payout ratio (DPR) is presently 32.57%.

Insider Transactions at BWX Technologies

In other BWX Technologies news, CEO Rex D. Geveden sold 45,625 shares of the stock in a transaction dated 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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the firm’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $104.92, for a total value of $209,840.00. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders sold 53,625 shares of company stock worth $5,734,145 in the last 90 days. Insiders own 0.47% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on BWXT. Barclays lifted their target price on shares of BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a research report on Monday, December 16th. Maxim Group raised their target price 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. Finally, Truist Financial increased their target price on BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $127.50.

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.