Vestcor Inc Has $279,000 Stake in BWX Technologies, Inc. (NYSE:BWXT)

Vestcor Inc boosted its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 52.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,506 shares of the technology company’s stock after buying an additional 866 shares during the quarter. Vestcor Inc’s holdings in BWX Technologies were worth $279,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in BWXT. Stone House Investment Management LLC lifted 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 acquiring an additional 99 shares during the period. Retirement Wealth Solutions LLC bought a new position in BWX Technologies during the 4th quarter worth approximately $30,000. Quarry LP lifted 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 period. HHM Wealth Advisors LLC boosted its stake in shares of BWX Technologies by 45.0% in the 4th 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 during the last quarter. Finally, Principal Securities Inc. increased its position in shares of BWX Technologies by 40.4% during the fourth quarter. Principal Securities Inc. now owns 316 shares of the technology company’s stock worth $35,000 after buying an additional 91 shares during the period. Institutional investors own 94.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on BWXT shares. Truist Financial boosted their target price 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. Barclays boosted their price objective on BWX Technologies from $90.00 to $105.00 and gave the company an “underweight” rating in a research note on Monday, December 16th. Finally, Maxim Group raised their target price on BWX Technologies from $138.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, BWX Technologies presently has an average rating of “Moderate Buy” and an average target price of $127.50.

BWX Technologies Stock Performance

Shares of BWXT stock opened at $99.85 on Tuesday. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. The firm has a fifty day simple moving average of $110.04 and a two-hundred day simple moving average of $114.34. BWX Technologies, Inc. has a 12 month low of $86.70 and a 12 month high of $136.31. The firm has a market capitalization of $9.13 billion, a PE ratio of 33.06, a price-to-earnings-growth 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 EPS for the quarter, topping 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 company had revenue of $746.27 million during the quarter, compared to the consensus estimate of $653.16 million. Analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Increases Dividend

The business also recently announced 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. The ex-dividend date is Tuesday, March 11th. This represents a $1.00 annualized dividend and a dividend yield of 1.00%. BWX Technologies’s payout ratio is presently 32.57%.

Insider Buying and Selling

In other BWX Technologies news, 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 value 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 approximately $23,436,613.20. This represents a 17.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of BWX Technologies stock in a transaction that occurred on Thursday, February 27th. The stock was 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 approximately $1,039,127.68. This represents a 16.80 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 53,625 shares of company stock worth $5,734,145. 0.47% of the stock is owned by corporate insiders.

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.