Wealth Enhancement Advisory Services LLC Sells 25,319 Shares of BWX Technologies, Inc. $BWXT

Wealth Enhancement Advisory Services LLC lessened its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 76.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,744 shares of the technology company’s stock after selling 25,319 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in BWX Technologies were worth $1,107,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Vontobel Holding Ltd. bought a new position in BWX Technologies in the first quarter worth approximately $383,000. Synergy Asset Management LLC bought a new position in BWX Technologies in the first quarter worth approximately $296,000. Clear Creek Financial Management LLC bought a new position in BWX Technologies in the first quarter worth approximately $223,000. Artemis Investment Management LLP bought a new position in BWX Technologies in the first quarter worth approximately $19,331,000. Finally, PNC Financial Services Group Inc. raised its stake in BWX Technologies by 52.6% in the first quarter. PNC Financial Services Group Inc. now owns 11,460 shares of the technology company’s stock worth $1,131,000 after buying an additional 3,950 shares in the last quarter. Institutional investors own 94.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on BWXT shares. Wedbush reissued an “outperform” rating on shares of BWX Technologies in a research note on Wednesday. Maxim Group reissued a “hold” rating on shares of BWX Technologies in a research note on Wednesday, August 6th. Truist Financial set a $145.00 price objective on shares of BWX Technologies and gave the stock a “hold” rating in a research note on Tuesday, August 5th. Bank of America lifted their price target 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. Finally, William Blair reaffirmed an “outperform” rating on shares of BWX Technologies in a report on Wednesday, September 17th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $160.83.

Insider Buying and Selling at BWX Technologies

In related news, Director Leland D. Melvin sold 600 shares of the business’s stock in a transaction on Monday, August 11th. The shares were 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 in the company, valued at $994,512.54. The trade was a 9.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at 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 shares were sold at an average price of $177.43, for a total transaction 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 represents a 17.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,953 shares of company stock valued at $5,359,758. Company insiders own 0.47% of the company’s stock.

BWX Technologies Price Performance

Shares of BWXT opened at $187.28 on Thursday. The firm has a market capitalization of $17.12 billion, a PE ratio of 58.53, a price-to-earnings-growth ratio of 4.18 and a beta of 0.78. The company’s fifty day moving average price is $168.11 and its 200-day moving average price is $135.98. BWX Technologies, Inc. has a 1-year low of $84.21 and a 1-year high of $189.25. 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 (NYSE:BWXT) last posted its earnings results on Monday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.23. The company had revenue of $764.00 million during the quarter, compared to the consensus estimate of $708.00 million. BWX Technologies had a net margin of 10.28% and a return on equity of 30.61%. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.82 earnings per share. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. On average, equities research analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Monday, August 18th were given a dividend of $0.25 per share. The ex-dividend date was Monday, August 18th. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. BWX Technologies’s payout ratio is currently 31.25%.

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.