Focus Partners Wealth Sells 2,072 Shares of BWX Technologies, Inc. $BWXT

Focus Partners Wealth cut its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT) by 10.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,436 shares of the technology company’s stock after selling 2,072 shares during the period. Focus Partners Wealth’s holdings in BWX Technologies were worth $1,720,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vontobel Holding Ltd. bought a new stake in BWX Technologies during the 1st quarter valued at $383,000. Synergy Asset Management LLC bought a new stake in shares of BWX Technologies in the 1st quarter worth $296,000. Clear Creek Financial Management LLC bought a new stake in shares of BWX Technologies in the 1st quarter worth $223,000. Artemis Investment Management LLP purchased a new position in shares of BWX Technologies in the 1st quarter worth about $19,331,000. Finally, PNC Financial Services Group Inc. lifted its holdings in BWX Technologies by 52.6% during the first quarter. PNC Financial Services Group Inc. now owns 11,460 shares of the technology company’s stock valued at $1,131,000 after purchasing an additional 3,950 shares during the last quarter. Institutional investors and hedge funds own 94.39% of the company’s stock.

Analyst Ratings Changes

BWXT has been the topic of a number of recent analyst reports. Maxim Group reissued a “hold” rating on shares of BWX Technologies in a report on Wednesday, August 6th. Northland Securities initiated coverage on shares of BWX Technologies in a report on Wednesday, September 10th. They issued an “outperform” rating and a $205.00 price target on the stock. Northland Capmk raised shares of BWX Technologies to a “strong-buy” rating in a report on Tuesday, September 9th. William Blair restated an “outperform” rating on shares of BWX Technologies in a research report on Wednesday, June 18th. Finally, Wall Street Zen cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $160.83.

BWX Technologies Price Performance

Shares of NYSE BWXT opened at $177.00 on Wednesday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.60 and a current ratio of 1.69. The company has a market cap of $16.18 billion, a PE ratio of 55.31, a P/E/G ratio of 3.95 and a beta of 0.75. The business has a 50-day simple moving average of $159.66 and a two-hundred day simple moving average of $130.21. BWX Technologies, Inc. has a fifty-two week low of $84.21 and a fifty-two week high of $189.25.

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

BWX Technologies Announces Dividend

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

Insiders Place Their Bets

In related news, Director Leland D. Melvin sold 600 shares of the business’s stock in a transaction on Monday, August 11th. The stock was sold at an average price of $178.26, for a total transaction of $106,956.00. Following the completion of the transaction, the director directly owned 5,579 shares of the company’s stock, valued at $994,512.54. The trade was a 9.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the business’s stock in a transaction on Monday, August 11th. The stock was sold at an average price of $177.43, for a total value of $371,183.56. Following the transaction, the senior vice president directly owned 10,149 shares of the company’s stock, valued at $1,800,737.07. The trade was a 17.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,953 shares of company stock worth $5,359,758 over the last ninety days. Company insiders own 0.47% of the company’s stock.

About BWX Technologies

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.