Charles Schwab Investment Management Inc. Has $117.24 Million Position in BWX Technologies, Inc. (NYSE:BWXT)

Charles Schwab Investment Management Inc. cut its holdings in BWX Technologies, Inc. (NYSE:BWXT) by 0.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,052,484 shares of the technology company’s stock after selling 9,019 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.15% of BWX Technologies worth $117,236,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. FMR LLC boosted its holdings in shares of BWX Technologies by 22.3% in the third quarter. FMR LLC now owns 1,754,567 shares of the technology company’s stock valued at $190,721,000 after buying an additional 320,217 shares during the period. Geode Capital Management LLC lifted its position in 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 acquiring an additional 26,130 shares in the last quarter. Van ECK Associates Corp boosted its stake in BWX Technologies by 46.7% in the 4th quarter. Van ECK Associates Corp now owns 1,408,736 shares of the technology company’s stock worth $156,919,000 after purchasing an additional 448,467 shares during the period. Bank of New York Mellon Corp increased its holdings in BWX Technologies by 19.8% during the 4th quarter. Bank of New York Mellon Corp now owns 1,379,779 shares of the technology company’s stock worth $153,694,000 after purchasing an additional 228,413 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in shares of BWX Technologies by 29.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 746,145 shares of the technology company’s stock valued at $81,105,000 after purchasing an additional 168,077 shares during the period. 94.39% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Rex D. Geveden sold 45,625 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was 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 owns 218,218 shares in the company, valued at approximately $23,436,613.20. This trade represents a 17.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $104.92, for a total value of $209,840.00. Following the completion of the sale, the senior vice president now owns 9,904 shares of the company’s stock, valued at $1,039,127.68. This trade represents a 16.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 53,625 shares of company stock valued at $5,734,145 over the last ninety days. 0.47% of the stock is currently owned by company insiders.

BWX Technologies Stock Down 0.8 %

BWX Technologies stock opened at $99.40 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. The company’s 50-day moving average is $111.79 and its 200-day moving average is $114.40. The firm has a market capitalization of $9.09 billion, a PE ratio of 32.92, a P/E/G ratio of 3.20 and a beta of 0.69. BWX Technologies, Inc. has a fifty-two week low of $86.70 and a fifty-two week high of $136.31.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings results on Monday, February 24th. The technology company reported $0.92 earnings per share 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 firm had revenue of $746.27 million for the quarter, compared to the consensus estimate of $653.16 million. Sell-side analysts anticipate that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Tuesday, March 11th will be issued a dividend of $0.25 per share. This is an increase from BWX Technologies’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.00 annualized dividend and a yield of 1.01%. BWX Technologies’s dividend payout ratio (DPR) is currently 32.57%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BWXT. Bank of America increased their price objective on BWX Technologies from $115.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Alembic Global Advisors raised shares of BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price target for the company in a research note on Tuesday, November 12th. Maxim Group boosted their price objective on shares of BWX Technologies from $138.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Barclays raised their target price on shares of BWX Technologies from $90.00 to $105.00 and gave the company an “underweight” rating in a research report on Monday, December 16th. Finally, Truist Financial boosted their price target on shares of BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. One equities 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, BWX Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $127.50.

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.