Fifth Third Bancorp Sells 114 Shares of BWX Technologies, Inc. $BWXT

Fifth Third Bancorp lowered its position in BWX Technologies, Inc. (NYSE:BWXT) by 3.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,022 shares of the technology company’s stock after selling 114 shares during the quarter. Fifth Third Bancorp’s holdings in BWX Technologies were worth $435,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in BWX Technologies by 2.1% during the first quarter. Vanguard Group Inc. now owns 9,404,287 shares of the technology company’s stock worth $927,733,000 after buying an additional 192,363 shares during the period. T. Rowe Price Investment Management Inc. lifted its holdings in 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 worth $444,288,000 after buying an additional 741,282 shares during the period. Dimensional Fund Advisors LP lifted its holdings in BWX Technologies by 11.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,211,624 shares of the technology company’s stock worth $119,522,000 after buying an additional 128,791 shares during the period. Bessemer Group Inc. lifted its holdings in BWX Technologies by 1.6% during the first quarter. Bessemer Group Inc. now owns 1,038,223 shares of the technology company’s stock worth $102,419,000 after buying an additional 16,262 shares during the period. Finally, Westwood Holdings Group Inc. lifted its holdings in BWX Technologies by 279.0% during the first 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 period. Institutional investors own 94.39% of the company’s stock.

Insider Buying and Selling

In other BWX Technologies news, CEO Rex D. Geveden sold 25,000 shares of the stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $179.00, for a total transaction of $4,475,000.00. Following the sale, the chief executive officer directly owned 197,594 shares of the company’s stock, valued at approximately $35,369,326. This trade represents a 11.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Leland D. Melvin sold 600 shares of the 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 sale, the director directly owned 5,579 shares in the company, valued at $994,512.54. This represents a 9.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,953 shares of company stock valued at $5,359,758 over the last quarter. 0.47% of the stock is currently owned by company insiders.

BWX Technologies Stock Performance

Shares of BWXT stock opened at $182.05 on Tuesday. The business has a fifty day moving average of $166.34 and a 200 day moving average of $135.28. The firm has a market capitalization of $16.64 billion, a price-to-earnings ratio of 56.89, a price-to-earnings-growth ratio of 4.09 and a beta of 0.75. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.69 and a quick ratio of 1.60. BWX Technologies, Inc. has a 1 year low of $84.21 and a 1 year high of $189.25.

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

BWX Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Monday, August 18th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, August 18th. BWX Technologies’s dividend payout ratio (DPR) is currently 31.25%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on BWXT shares. Maxim Group restated a “hold” rating on shares of BWX Technologies in a report on Wednesday, August 6th. Northland Capmk upgraded BWX Technologies to a “strong-buy” rating in a report on Tuesday, September 9th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $150.00 target price (up previously from $119.00) on shares of BWX Technologies in a report on Tuesday, July 8th. Northland Securities initiated coverage on BWX Technologies in a report on Wednesday, September 10th. They set an “outperform” rating and a $205.00 target price for the company. Finally, Truist Financial set a $145.00 price objective on BWX Technologies and gave the company a “hold” rating in a report on Tuesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, BWX Technologies presently has a consensus rating of “Moderate Buy” and a consensus 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.