Leeward Investments LLC MA Sells 113,543 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Leeward Investments LLC MA lessened its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT) by 46.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 131,751 shares of the technology company’s stock after selling 113,543 shares during the quarter. Leeward Investments LLC MA owned about 0.14% of BWX Technologies worth $10,109,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of BWXT. Raymond James & Associates lifted its position in BWX Technologies by 4.2% in the 4th quarter. Raymond James & Associates now owns 368,827 shares of the technology company’s stock worth $28,300,000 after buying an additional 14,973 shares during the last quarter. FMR LLC increased its stake in BWX Technologies by 1.8% in the 3rd quarter. FMR LLC now owns 1,884,236 shares of the technology company’s stock worth $141,280,000 after purchasing an additional 32,664 shares during the period. Citigroup Inc. increased its stake in BWX Technologies by 11.3% in the 3rd quarter. Citigroup Inc. now owns 67,250 shares of the technology company’s stock worth $5,042,000 after purchasing an additional 6,853 shares during the period. EAM Investors LLC purchased a new position in BWX Technologies in the 3rd quarter worth approximately $1,621,000. Finally, Barometer Capital Management Inc. increased its stake in BWX Technologies by 100.5% in the 3rd quarter. Barometer Capital Management Inc. now owns 48,340 shares of the technology company’s stock worth $3,625,000 after purchasing an additional 24,230 shares during the period. Institutional investors own 94.39% of the company’s stock.

BWX Technologies Stock Up 1.4 %

Shares of NYSE BWXT traded up $1.29 during mid-day trading on Friday, hitting $95.98. 582,730 shares of the stock traded hands, compared to its average volume of 604,373. The company has a debt-to-equity ratio of 1.29, a quick ratio of 2.18 and a current ratio of 2.18. BWX Technologies, Inc. has a 52 week low of $60.17 and a 52 week high of $107.18. The company has a market cap of $8.77 billion, a price-to-earnings ratio of 35.68, a PEG ratio of 3.00 and a beta of 0.73. The stock has a fifty day moving average price of $97.73 and a 200-day moving average price of $85.19.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Tuesday, February 27th. The technology company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.07. BWX Technologies had a return on equity of 32.38% and a net margin of 9.85%. The company had revenue of $725.52 million for the quarter, compared to analyst estimates of $659.42 million. During the same period in the previous year, the company posted $0.93 earnings per share. The firm’s revenue was up 16.2% on a year-over-year basis. Research analysts anticipate that BWX Technologies, Inc. will post 3.14 EPS for the current year.

BWX Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Monday, March 11th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.00%. This is an increase from BWX Technologies’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, March 8th. BWX Technologies’s payout ratio is 35.69%.

Analyst Ratings Changes

A number of brokerages have commented on BWXT. StockNews.com cut BWX Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, March 12th. Bank of America lifted their price target on BWX Technologies from $82.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Finally, Truist Financial reissued a “hold” rating and set a $95.00 target price (down from $110.00) on shares of BWX Technologies in a research note on Monday, March 25th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $89.00.

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.