Princeton Capital Management LLC Purchases New Position in BWX Technologies, Inc. (NYSE:BWXT)

Princeton Capital Management LLC acquired a new position in shares of BWX Technologies, Inc. (NYSE:BWXT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 7,226 shares of the technology company’s stock, valued at approximately $805,000.

A number of other institutional investors have also recently bought and sold shares of the company. Narwhal Capital Management raised its holdings in BWX Technologies by 33.4% in the fourth quarter. Narwhal Capital Management now owns 20,979 shares of the technology company’s stock worth $2,337,000 after purchasing an additional 5,250 shares during the period. Geode Capital Management LLC increased its position in shares of BWX Technologies by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,682,563 shares of the technology company’s stock valued at $182,938,000 after buying an additional 26,130 shares in the last quarter. Cadinha & Co. LLC raised its stake in BWX Technologies by 469.2% during the 4th quarter. Cadinha & Co. LLC now owns 64,341 shares of the technology company’s stock worth $7,167,000 after buying an additional 53,038 shares during the period. Cooper Financial Group bought a new position in BWX Technologies during the fourth quarter worth about $737,000. Finally, Strategic Planning Group LLC acquired a new position in BWX Technologies in the fourth quarter valued at about $3,005,000. Institutional investors and hedge funds own 94.39% of the company’s stock.

BWX Technologies Trading Up 4.8 %

NYSE:BWXT opened at $104.15 on Tuesday. 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 twelve month low of $86.70 and a twelve month high of $136.31. The company has a market cap of $9.52 billion, a P/E ratio of 34.49, a price-to-earnings-growth ratio of 3.20 and a beta of 0.69. The business has a 50 day moving average price of $108.68 and a two-hundred day moving average price of $114.37.

BWX Technologies (NYSE:BWXT) last announced 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 business had revenue of $746.27 million during the quarter, compared to analysts’ expectations of $653.16 million. As a group, analysts expect 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 $0.25 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.96%. This is an increase from BWX Technologies’s previous quarterly dividend of $0.24. BWX Technologies’s payout ratio is currently 32.57%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BWXT. Barclays raised their price target on BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a research report on Monday, December 16th. Truist Financial raised their target price on shares of BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a report on Tuesday, January 14th. Finally, Maxim Group lifted their price target on shares of BWX Technologies from $138.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, January 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $127.50.

Insider Buying and Selling

In other news, CEO Rex D. Geveden sold 45,625 shares of the business’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 transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Robert L. Duffy sold 6,000 shares of BWX Technologies stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $104.03, for a total value of $624,180.00. Following the transaction, the senior vice president now owns 3,206 shares of the company’s stock, valued at $333,520.18. The trade was a 65.17 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 53,625 shares of company stock worth $5,734,145. Corporate 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.