Advisors Asset Management Inc. Trims Position in BWX Technologies, Inc. $BWXT

Advisors Asset Management Inc. lessened its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 3.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,414 shares of the technology company’s stock after selling 217 shares during the period. Advisors Asset Management Inc.’s holdings in BWX Technologies were worth $633,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in BWX Technologies by 2.1% in the first quarter. Vanguard Group Inc. now owns 9,404,287 shares of the technology company’s stock valued at $927,733,000 after purchasing an additional 192,363 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in shares of BWX Technologies by 19.7% during the first quarter. T. Rowe Price Investment Management Inc. now owns 4,503,679 shares of the technology company’s stock valued at $444,288,000 after purchasing an additional 741,282 shares during the period. Dimensional Fund Advisors LP boosted its position in BWX Technologies by 11.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,211,624 shares of the technology company’s stock valued at $119,522,000 after buying an additional 128,791 shares during the period. Bessemer Group Inc. grew its stake in shares of BWX Technologies by 1.6% in the first quarter. Bessemer Group Inc. now owns 1,038,223 shares of the technology company’s stock worth $102,419,000 after purchasing an additional 16,262 shares during the last quarter. Finally, Westwood Holdings Group Inc. grew its position in shares of BWX Technologies by 279.0% in the 1st quarter. Westwood Holdings Group Inc. now owns 958,563 shares of the technology company’s stock worth $94,562,000 after buying an additional 705,648 shares during the last quarter. Hedge funds and other institutional investors own 94.39% of the company’s stock.

BWX Technologies Trading Up 2.2%

BWX Technologies stock opened at $165.76 on Thursday. BWX Technologies, Inc. has a 1 year low of $84.21 and a 1 year high of $189.25. The firm’s 50 day moving average price is $157.33 and its 200-day moving average price is $128.12. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.69 and a quick ratio of 1.60. The stock has a market cap of $15.15 billion, a P/E ratio of 51.80, a PEG ratio of 3.68 and a beta of 0.75.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Monday, August 4th. The technology company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.23. BWX Technologies had a return on equity of 30.61% and a net margin of 10.28%.The business had revenue of $764.00 million during the quarter, compared to analysts’ expectations of $708.00 million. During the same quarter last year, the business posted $0.82 EPS. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. On average, equities analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Monday, August 18th were issued a $0.25 dividend. The ex-dividend date was Monday, August 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. BWX Technologies’s payout ratio is 31.25%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. William Blair reissued an “outperform” rating on shares of BWX Technologies in a research note on Wednesday, June 18th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $150.00 price target (up previously from $119.00) on shares of BWX Technologies in a report on Tuesday, July 8th. Bank of America lifted their price objective on BWX Technologies from $155.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, August 13th. Finally, CLSA reiterated an “outperform” rating and set a $177.60 target price (up from $153.00) on shares of BWX Technologies in a research note on Tuesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $160.83.

Insider Buying and Selling

In other news, SVP Omar Fathi Meguid sold 2,261 shares of the stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $179.84, for a total value of $406,618.24. Following the sale, the senior vice president owned 2,361 shares of the company’s stock, valued at approximately $424,602.24. This represents a 48.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the firm’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $177.43, for a total transaction of $371,183.56. Following the completion of the sale, the senior vice president directly owned 10,149 shares of the company’s stock, valued at approximately $1,800,737.07. The trade was a 17.09% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,953 shares of company stock worth $5,359,758. 0.47% of the stock is owned by company insiders.

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.