Mariner LLC Grows Stock Position in BWX Technologies, Inc. (NYSE:BWXT)

Mariner LLC boosted its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 5.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,043 shares of the technology company’s stock after purchasing an additional 619 shares during the quarter. Mariner LLC’s holdings in BWX Technologies were worth $1,453,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of BWXT. Barclays PLC raised its holdings in shares of BWX Technologies by 233.2% in the 4th quarter. Barclays PLC now owns 214,973 shares of the technology company’s stock valued at $23,947,000 after purchasing an additional 150,448 shares in the last quarter. Philadelphia Trust Co. raised its stake in BWX Technologies by 0.6% in the fourth quarter. Philadelphia Trust Co. now owns 179,461 shares of the technology company’s stock valued at $19,990,000 after buying an additional 1,041 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in BWX Technologies by 8.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 21,527 shares of the technology company’s stock worth $2,398,000 after buying an additional 1,636 shares during the last quarter. Sterling Capital Management LLC boosted its position in shares of BWX Technologies by 48.2% during the 4th quarter. Sterling Capital Management LLC now owns 4,601 shares of the technology company’s stock worth $513,000 after acquiring an additional 1,496 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its holdings in shares of BWX Technologies by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 40,085 shares of the technology company’s stock valued at $4,465,000 after acquiring an additional 250 shares during the last quarter. Institutional investors and hedge funds own 94.39% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Truist Financial boosted their target price on BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a research note on Tuesday, January 14th. Seaport Res Ptn upgraded shares of BWX Technologies to a “strong-buy” rating in a report on Tuesday, April 1st. 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 research note on Friday, January 10th. Finally, Bank of America dropped their price objective on BWX Technologies from $160.00 to $135.00 and set a “buy” rating on the stock in a report on Wednesday, March 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $124.38.

BWX Technologies Stock Performance

Shares of BWXT stock opened at $108.99 on Friday. The stock’s 50-day moving average price is $101.10 and its 200 day moving average price is $113.49. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $9.96 billion, a PE ratio of 36.09, a price-to-earnings-growth ratio of 3.20 and a beta of 0.67. BWX Technologies, Inc. has a 52-week low of $84.21 and a 52-week high of $136.31.

BWX Technologies (NYSE:BWXT) last released its earnings results on Monday, February 24th. The technology company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $653.16 million. As a group, equities research analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Tuesday, March 11th were issued 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 0.92%. The ex-dividend date of this dividend was Tuesday, March 11th. BWX Technologies’s dividend payout ratio is currently 32.57%.

Insider Activity at BWX Technologies

In other BWX Technologies news, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $104.92, for a total transaction of $209,840.00. Following the sale, the senior vice president now directly owns 9,904 shares in the company, valued at approximately $1,039,127.68. The trade was a 16.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rex D. Geveden sold 45,625 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 218,218 shares of the company’s stock, valued at $23,436,613.20. This represents a 17.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 53,625 shares of company stock worth $5,734,145 over the last 90 days. Company insiders own 0.47% of the company’s stock.

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.