Wealthfront Advisers LLC Makes New Investment in BWX Technologies, Inc. (NYSE:BWXT)

Wealthfront Advisers LLC acquired a new stake in shares of BWX Technologies, Inc. (NYSE:BWXT) during the fourth quarter, HoldingsChannel reports. The fund acquired 115,533 shares of the technology company’s stock, valued at approximately $12,869,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. King Luther Capital Management Corp raised its holdings in shares of BWX Technologies by 8.5% in the fourth quarter. King Luther Capital Management Corp now owns 107,680 shares of the technology company’s stock worth $11,994,000 after buying an additional 8,468 shares during the last quarter. Independent Advisor Alliance grew its position in shares of BWX Technologies by 2.5% in the fourth quarter. Independent Advisor Alliance now owns 28,177 shares of the technology company’s stock valued at $3,139,000 after purchasing an additional 676 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of BWX Technologies by 2.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,564 shares of the technology company’s stock worth $1,845,000 after buying an additional 381 shares in the last quarter. Amundi purchased a new position in shares of BWX Technologies in the fourth quarter worth about $87,000. Finally, PNC Financial Services Group Inc. raised its stake in BWX Technologies by 11.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,510 shares of the technology company’s stock worth $837,000 after purchasing an additional 756 shares during the period. Hedge funds and other institutional investors own 94.39% of the company’s stock.

Wall Street Analysts Forecast Growth

BWXT has been the subject of a number of research reports. Truist Financial lifted their price objective on shares of BWX Technologies from $106.00 to $114.00 and gave the company a “hold” rating in a report on Tuesday, January 14th. Bank of America boosted their price objective on shares of BWX Technologies from $115.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Maxim Group upped their price target on shares of BWX Technologies from $138.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Alembic Global Advisors upgraded shares of BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price target for the company in a research report on Tuesday, November 12th. Finally, Barclays upped their price objective 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $127.50.

BWX Technologies Trading Up 0.4 %

Shares of BWXT stock opened at $97.01 on Wednesday. The firm has a market cap of $8.87 billion, a P/E ratio of 32.12, a PEG ratio of 3.20 and a beta of 0.69. BWX Technologies, Inc. has a 1-year low of $86.70 and a 1-year high of $136.31. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. The firm’s 50-day simple moving average is $111.48 and its 200-day simple moving average is $114.47.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings results on Monday, February 24th. The technology company reported $0.92 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $653.16 million. As a group, equities analysts forecast 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. Shareholders of record on Tuesday, March 11th will be given a $0.25 dividend. This is an increase from BWX Technologies’s previous quarterly dividend of $0.24. The ex-dividend date is Tuesday, March 11th. This represents a $1.00 annualized dividend and a yield of 1.03%. BWX Technologies’s dividend payout ratio (DPR) is 32.57%.

Insider Buying and Selling

In related news, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the company’s stock in a transaction dated 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 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 document filed with the SEC, which is available through the SEC website. Also, CEO Rex D. Geveden sold 45,625 shares of the company’s 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 of the company’s stock, valued at $23,436,613.20. The trade was a 17.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 53,625 shares of company stock worth $5,734,145. Insiders own 0.47% of the company’s stock.

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.