Park Avenue Securities LLC Sells 932 Shares of BWX Technologies, Inc. $BWXT

Park Avenue Securities LLC cut its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 16.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,576 shares of the technology company’s stock after selling 932 shares during the quarter. Park Avenue Securities LLC’s holdings in BWX Technologies were worth $659,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of BWXT. T. Rowe Price Investment Management Inc. increased its holdings 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 acquiring an additional 741,282 shares in the last quarter. Westwood Holdings Group Inc. boosted its position in shares of BWX Technologies by 279.0% during the first quarter. Westwood Holdings Group Inc. now owns 958,563 shares of the technology company’s stock valued at $94,562,000 after buying an additional 705,648 shares during the last quarter. Blair William & Co. IL boosted its position in shares of BWX Technologies by 84.3% during the first quarter. Blair William & Co. IL now owns 782,991 shares of the technology company’s stock valued at $77,242,000 after buying an additional 358,170 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of BWX Technologies by 6,116.6% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 323,326 shares of the technology company’s stock valued at $31,896,000 after buying an additional 318,125 shares during the last quarter. Finally, Nikko Asset Management Americas Inc. purchased a new stake in shares of BWX Technologies during the first quarter valued at $31,318,000. 94.39% of the stock is currently owned by institutional investors.

BWX Technologies Trading Up 2.5%

Shares of NYSE:BWXT opened at $180.69 on Monday. The stock has a market capitalization of $16.52 billion, a price-to-earnings ratio of 56.47, a PEG ratio of 4.09 and a beta of 0.75. 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 stock’s 50-day simple moving average is $165.51 and its two-hundred day simple moving average is $134.70. BWX Technologies, Inc. has a 52-week low of $84.21 and a 52-week high of $189.25.

BWX Technologies (NYSE:BWXT) last announced its earnings results 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 business had revenue of $764.00 million for 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 business’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period last year, the firm posted $0.82 earnings per share. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. Analysts expect that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Monday, August 18th were paid a $0.25 dividend. 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 31.25%.

Insider Buying and Selling

In other news, 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 value of $371,183.56. Following the transaction, the senior vice president owned 10,149 shares of the company’s stock, valued at $1,800,737.07. This trade represents a 17.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Leland D. Melvin sold 600 shares of the firm’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $178.26, for a total value of $106,956.00. Following the completion of the transaction, the director directly owned 5,579 shares in the company, valued at $994,512.54. This trade represents a 9.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,953 shares of company stock worth $5,359,758 over the last ninety days. 0.47% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Northland Capmk raised BWX Technologies to a “strong-buy” rating in a research report on Tuesday, September 9th. Truist Financial set a $145.00 price objective on BWX Technologies and gave the company a “hold” rating in a research report on Tuesday, August 5th. Northland Securities assumed coverage on BWX Technologies in a research report on Wednesday, September 10th. They set an “outperform” rating and a $205.00 price objective on the stock. Bank of America increased their price objective on BWX Technologies from $155.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, August 13th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $150.00 price objective (up from $119.00) on shares of BWX Technologies in a research report on Tuesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $160.83.

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.