BWX Technologies, Inc. (NYSE:BWXT) CEO Rex D. Geveden Sells 45,625 Shares

BWX Technologies, Inc. (NYSE:BWXT) 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 sale, the chief executive officer now directly owns 218,218 shares in the company, valued at $23,436,613.20. This trade represents a 17.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

BWX Technologies Price Performance

Shares of NYSE:BWXT opened at $103.82 on Friday. The firm’s 50 day moving average price is $113.12 and its 200-day moving average price is $114.14. BWX Technologies, Inc. has a twelve month low of $86.70 and a twelve month high of $136.31. 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 $9.50 billion, a PE ratio of 34.38, a price-to-earnings-growth ratio of 3.20 and a beta of 0.73.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings data on Monday, February 24th. The technology company reported $0.92 earnings per share 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 firm had revenue of $746.27 million for the quarter, compared to analysts’ expectations of $653.16 million. Equities research analysts expect that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Tuesday, March 11th will be paid 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 dividend on an annualized basis and a yield of 0.96%. BWX Technologies’s dividend payout ratio (DPR) is presently 32.57%.

Institutional Investors Weigh In On BWX Technologies

Institutional investors have recently added to or reduced their stakes in the stock. Stone House Investment Management LLC grew its holdings in BWX Technologies by 76.2% during the 3rd quarter. Stone House Investment Management LLC now owns 229 shares of the technology company’s stock valued at $25,000 after buying an additional 99 shares in the last quarter. Quarry LP grew its holdings in BWX Technologies by 93.6% during the 3rd quarter. Quarry LP now owns 271 shares of the technology company’s stock valued at $29,000 after buying an additional 131 shares in the last quarter. Retirement Wealth Solutions LLC purchased a new stake in BWX Technologies during the 4th quarter valued at approximately $30,000. HHM Wealth Advisors LLC grew its holdings in BWX Technologies by 45.0% during the 4th quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company’s stock valued at $32,000 after buying an additional 90 shares in the last quarter. Finally, Ameriflex Group Inc. purchased a new stake in BWX Technologies during the 4th quarter valued at approximately $34,000. 94.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on BWXT. Maxim Group increased their price objective 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 target price on the stock in a research note on Tuesday, November 12th. Truist Financial upped their target price on shares of BWX Technologies from $106.00 to $114.00 and gave the company a “hold” rating in a research note on Tuesday, January 14th. Bank of America upped their target price on shares of BWX Technologies from $115.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, StockNews.com cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $127.50.

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.