BWX Technologies, Inc. (NYSE:BWXT) Shares Sold by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC trimmed its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT) by 30.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,136,949 shares of the technology company’s stock after selling 495,711 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned approximately 1.24% of BWX Technologies worth $126,645,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership increased its position in shares of BWX Technologies by 137.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 471,260 shares of the technology company’s stock worth $52,494,000 after purchasing an additional 273,030 shares in the last quarter. Pictet Asset Management Holding SA lifted its stake in BWX Technologies by 12.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 13,532 shares of the technology company’s stock worth $1,507,000 after purchasing an additional 1,478 shares in the last quarter. New Age Alpha Advisors LLC acquired a new stake in BWX Technologies in the 4th quarter valued at about $2,187,000. Caisse Des Depots ET Consignations purchased a new position in shares of BWX Technologies in the 4th quarter valued at about $2,952,000. Finally, Blair William & Co. IL increased its stake in shares of BWX Technologies by 949.0% during the fourth quarter. Blair William & Co. IL now owns 424,821 shares of the technology company’s stock worth $47,321,000 after buying an additional 384,323 shares during the period. 94.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on BWXT shares. Truist Financial upped their price objective on BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. Maxim Group raised their price objective on shares of BWX Technologies from $138.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Barclays lifted their price target on shares of BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a research note on Monday, December 16th. Finally, Bank of America dropped their price objective on BWX Technologies from $160.00 to $135.00 and set a “buy” rating on the stock in a report on Wednesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $124.38.

BWX Technologies Stock Performance

Shares of BWXT opened at $99.24 on Friday. The stock has a market capitalization of $9.07 billion, a P/E ratio of 32.86, a P/E/G ratio of 3.20 and a beta of 0.69. The company’s fifty day moving average is $107.26 and its two-hundred day moving average is $114.41. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25. BWX Technologies, Inc. has a 1 year low of $86.70 and a 1 year high of $136.31.

BWX Technologies (NYSE:BWXT) last issued its earnings results on Monday, February 24th. The technology company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.12. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The business had revenue of $746.27 million during the quarter, compared to the consensus estimate of $653.16 million. On average, sell-side analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Tuesday, March 11th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.00 dividend on an annualized basis and a yield of 1.01%. This is an increase from BWX Technologies’s previous quarterly dividend of $0.24. BWX Technologies’s payout ratio is currently 32.57%.

Insiders Place Their Bets

In other news, SVP Robert L. Duffy sold 6,000 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $104.03, for a total value of $624,180.00. Following the completion of the transaction, the senior vice president now directly owns 3,206 shares of the company’s stock, valued at $333,520.18. The trade was a 65.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Rex D. Geveden sold 45,625 shares of the stock in a transaction on 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 sale, the chief executive officer now directly owns 218,218 shares in the company, valued at approximately $23,436,613.20. The trade was a 17.29 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 53,625 shares of company stock worth $5,734,145. 0.47% of the stock is owned by company insiders.

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.