GAMMA Investing LLC Has $298,000 Position in BWX Technologies, Inc. $BWXT

GAMMA Investing LLC increased its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 29.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,071 shares of the technology company’s stock after acquiring an additional 473 shares during the quarter. GAMMA Investing LLC’s holdings in BWX Technologies were worth $298,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Mackenzie Financial Corp bought a new position in shares of BWX Technologies during the 4th quarter worth about $387,000. Centaurus Financial Inc. raised its stake in BWX Technologies by 21.9% during the 4th quarter. Centaurus Financial Inc. now owns 1,840 shares of the technology company’s stock worth $205,000 after buying an additional 330 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in BWX Technologies by 2.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,448 shares of the technology company’s stock worth $830,000 after buying an additional 172 shares during the period. 111 Capital bought a new position in BWX Technologies in the fourth quarter worth approximately $364,000. Finally, MassMutual Private Wealth & Trust FSB grew its stake in BWX Technologies by 200.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 354 shares of the technology company’s stock valued at $35,000 after acquiring an additional 236 shares during the period. 94.39% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the business’s stock in a transaction dated Monday, August 11th. The shares were 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 approximately $1,800,737.07. The trade was a 17.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Leland D. Melvin sold 600 shares of the stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $178.26, for a total transaction of $106,956.00. Following the transaction, the director owned 5,579 shares of the company’s stock, valued at approximately $994,512.54. The trade was a 9.71% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,953 shares of company stock valued at $5,359,758. 0.47% of the stock is currently owned by company insiders.

BWX Technologies Price Performance

BWX Technologies stock opened at $180.69 on Friday. BWX Technologies, Inc. has a 52 week low of $84.21 and a 52 week high of $189.25. The company’s 50 day moving average price is $165.51 and its two-hundred day moving average price is $134.18. The stock has a market cap of $16.52 billion, a P/E ratio of 56.47, a P/E/G ratio of 3.99 and a beta of 0.75. The company has a quick ratio of 1.60, a current ratio of 1.69 and a debt-to-equity ratio of 1.28.

BWX Technologies (NYSE:BWXT) last released its earnings results on Monday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.23. The company had revenue of $764.00 million during the quarter, compared to analyst estimates of $708.00 million. BWX Technologies had a return on equity of 30.61% and a net margin of 10.28%.BWX Technologies’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.82 earnings per share. 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 year.

BWX Technologies Dividend Announcement

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

Wall Street Analysts Forecast Growth

BWXT has been the topic of a number of research reports. Truist Financial set a $145.00 target price on BWX Technologies and gave the stock a “hold” rating in a research report on Tuesday, August 5th. Maxim Group restated a “hold” rating on shares of BWX Technologies in a research note on Wednesday, August 6th. Northland Capmk raised shares of BWX Technologies to a “strong-buy” rating in a research note on Tuesday, September 9th. William Blair reissued an “outperform” rating on shares of BWX Technologies in a research report on Wednesday, September 17th. Finally, Bank of America upped their target price on shares of BWX Technologies from $155.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, August 13th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, BWX Technologies presently has an average rating of “Moderate Buy” and an average target price of $160.83.

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.