Allianz Asset Management GmbH Cuts Stake in BWX Technologies, Inc. $BWXT

Allianz Asset Management GmbH reduced its stake in BWX Technologies, Inc. (NYSE:BWXT) by 69.1% during the second quarter, according to its most recent filing with the SEC. The fund owned 1,522 shares of the technology company’s stock after selling 3,406 shares during the quarter. Allianz Asset Management GmbH’s holdings in BWX Technologies were worth $219,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BWXT. Golden State Wealth Management LLC boosted its holdings in shares of BWX Technologies by 8.1% in the 1st quarter. Golden State Wealth Management LLC now owns 3,865 shares of the technology company’s stock worth $381,000 after buying an additional 290 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in 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 purchasing an additional 318,125 shares during the last quarter. KBC Group NV lifted its holdings in BWX Technologies by 10.1% during the first quarter. KBC Group NV now owns 4,030 shares of the technology company’s stock valued at $398,000 after purchasing an additional 369 shares during the last quarter. Vontobel Holding Ltd. purchased a new stake in BWX Technologies during the first quarter valued at about $383,000. Finally, Clear Creek Financial Management LLC purchased a new stake in BWX Technologies during the first quarter valued at about $223,000. 94.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other BWX Technologies news, Director Leland D. Melvin sold 600 shares of the business’s stock in a transaction dated 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 sale, the director directly owned 5,579 shares in the company, 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, CEO Rex D. Geveden sold 25,000 shares of the business’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $179.00, for a total value of $4,475,000.00. Following the sale, the chief executive officer owned 197,594 shares of the company’s stock, valued at approximately $35,369,326. This represents a 11.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 29,953 shares of company stock valued at $5,359,758 over the last ninety days. Insiders own 0.47% of the company’s stock.

BWX Technologies Stock Performance

NYSE:BWXT opened at $207.60 on Wednesday. The firm has a market cap of $18.97 billion, a PE ratio of 64.88, a price-to-earnings-growth ratio of 4.05 and a beta of 0.78. BWX Technologies, Inc. has a fifty-two week low of $84.21 and a fifty-two week high of $214.72. 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 business has a 50 day moving average price of $180.80 and a 200-day moving average price of $149.69.

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Wedbush reaffirmed an “outperform” rating on shares of BWX Technologies in a report on Wednesday, October 1st. Weiss Ratings downgraded shares of BWX Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 8th. Wall Street Zen downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Zacks Research upgraded BWX Technologies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 7th. Finally, Bank of America upped their price target on BWX Technologies from $155.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, August 13th. Three equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $168.08.

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.