BWX Technologies, Inc. (NYSE:BWXT) Position Lifted by Nicholas Investment Partners LP

Nicholas Investment Partners LP boosted its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 323,898 shares of the technology company’s stock after buying an additional 8,039 shares during the period. BWX Technologies accounts for approximately 3.2% of Nicholas Investment Partners LP’s portfolio, making the stock its biggest holding. Nicholas Investment Partners LP’s holdings in BWX Technologies were worth $36,079,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Demars Financial Group LLC grew its position in shares of BWX Technologies by 9,309.0% during the fourth quarter. Demars Financial Group LLC now owns 4,482,439 shares of the technology company’s stock worth $499,299,000 after acquiring an additional 4,434,799 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in BWX Technologies during the 4th quarter worth $69,730,000. Balyasny Asset Management L.P. grew its position in BWX Technologies by 204.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 916,323 shares of the technology company’s stock worth $102,069,000 after purchasing an additional 615,693 shares during the last quarter. Stephens Investment Management Group LLC purchased a new position in BWX Technologies during the 4th quarter worth $50,054,000. Finally, Van ECK Associates Corp increased its stake in BWX Technologies by 46.7% in the fourth quarter. Van ECK Associates Corp now owns 1,408,736 shares of the technology company’s stock valued at $156,919,000 after purchasing an additional 448,467 shares during the period. Hedge funds and other institutional investors own 94.39% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on BWXT shares. Seaport Res Ptn upgraded shares of BWX Technologies to a “strong-buy” rating in a research note on Tuesday, April 1st. Maxim Group reduced their price objective on BWX Technologies from $140.00 to $136.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. 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 research report on Wednesday, March 26th. Finally, Truist Financial boosted their target price on BWX Technologies from $106.00 to $114.00 and gave the company a “hold” rating in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $123.88.

BWX Technologies Trading Up 0.3%

Shares of BWXT stock opened at $107.40 on Wednesday. The stock has a market cap of $9.81 billion, a P/E ratio of 35.56, a P/E/G ratio of 3.20 and a beta of 0.66. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15. BWX Technologies, Inc. has a fifty-two week low of $84.21 and a fifty-two week high of $136.31. The business has a fifty day simple moving average of $102.56 and a 200-day simple moving average of $112.37.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Monday, May 5th. The technology company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.73 by $0.18. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The business had revenue of $682.26 million for the quarter, compared to analyst estimates of $644.15 million. During the same period in the prior year, the business earned $0.76 earnings per share. The company’s quarterly revenue was up 13.0% on a year-over-year basis. On average, analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, May 19th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date is Monday, May 19th. BWX Technologies’s dividend payout ratio is presently 31.85%.

Insider Buying and Selling

In other news, CEO Rex D. Geveden sold 45,625 shares of BWX Technologies 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 sale, 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 9,904 shares in the company, valued at $1,039,127.68. The trade was a 16.80% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 53,625 shares of company stock worth $5,734,145. 0.47% of the stock is owned by corporate insiders.

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.