Essex Investment Management Co. LLC Sells 980 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Essex Investment Management Co. LLC decreased its holdings in BWX Technologies, Inc. (NYSE:BWXT) by 4.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,512 shares of the technology company’s stock after selling 980 shares during the quarter. Essex Investment Management Co. LLC’s holdings in BWX Technologies were worth $2,619,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in BWXT. Stone House Investment Management LLC raised 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. Quarry LP increased its holdings in 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 acquiring an additional 131 shares in the last quarter. Retirement Wealth Solutions LLC bought a new stake in BWX Technologies during the 4th quarter worth approximately $30,000. HHM Wealth Advisors LLC lifted its holdings in BWX Technologies by 45.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company’s stock valued at $32,000 after purchasing an additional 90 shares in the last quarter. Finally, Principal Securities Inc. boosted its position in shares of BWX Technologies by 40.4% in the fourth quarter. Principal Securities Inc. now owns 316 shares of the technology company’s stock worth $35,000 after purchasing an additional 91 shares during the period. 94.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on BWXT shares. Bank of America raised their price objective on shares of BWX Technologies from $115.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Alembic Global Advisors raised BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price target on the stock in a report on Tuesday, November 12th. Maxim Group upped their price objective on 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 lifted their target price on BWX Technologies from $106.00 to $114.00 and gave the company a “hold” rating in a research note on Tuesday, January 14th. Finally, Barclays upped their price target on 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 company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.50.

Insider Activity

In other BWX Technologies news, SVP Robert L. Duffy sold 6,000 shares of the business’s stock in a transaction 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 transaction, the senior vice president now owns 3,206 shares in the company, valued at $333,520.18. The trade was a 65.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Rex D. Geveden sold 45,625 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $107.40, for a total transaction of $4,900,125.00. Following the completion of 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 disclosure for this sale can be found here. In the last three months, insiders have sold 53,625 shares of company stock worth $5,734,145. 0.47% of the stock is currently owned by corporate insiders.

BWX Technologies Price Performance

Shares of BWX Technologies stock opened at $99.40 on Monday. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. BWX Technologies, Inc. has a 12 month low of $86.70 and a 12 month high of $136.31. The stock has a 50 day moving average of $111.79 and a 200 day moving average of $114.50. The firm has a market cap of $9.09 billion, a PE ratio of 32.92, a PEG ratio of 3.20 and a beta of 0.69.

BWX Technologies (NYSE:BWXT) last posted its earnings results on Monday, February 24th. The technology company reported $0.92 earnings per share for the quarter, beating 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. On average, research analysts expect that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Tuesday, March 11th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This is an increase 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 1.01%. BWX Technologies’s payout ratio is 32.57%.

BWX Technologies Company 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.