Aristides Capital LLC Decreases Position in BWX Technologies, Inc. $BWXT

Aristides Capital LLC lessened its stake in BWX Technologies, Inc. (NYSE:BWXT) by 50.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,770 shares of the technology company’s stock after selling 11,770 shares during the quarter. Aristides Capital LLC’s holdings in BWX Technologies were worth $1,696,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of BWXT. Allianz Asset Management GmbH bought a new stake in shares of BWX Technologies in the first quarter valued at $486,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of BWX Technologies during the 1st quarter worth $1,432,000. AE Wealth Management LLC purchased a new stake in BWX Technologies in the 1st quarter worth about $314,000. Avantax Advisory Services Inc. increased its holdings in BWX Technologies by 2.0% in the 1st quarter. Avantax Advisory Services Inc. now owns 7,136 shares of the technology company’s stock worth $704,000 after acquiring an additional 141 shares during the last quarter. Finally, Assetmark Inc. raised its stake in BWX Technologies by 2.9% in the 1st quarter. Assetmark Inc. now owns 34,126 shares of the technology company’s stock valued at $3,367,000 after acquiring an additional 959 shares during the period. 94.39% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on BWXT. Weiss Ratings reiterated a “buy (b-)” rating on shares of BWX Technologies in a research report on Tuesday. William Blair reissued an “outperform” rating on shares of BWX Technologies in a research report on Wednesday, September 17th. Bank of America upped their price target on shares of BWX Technologies from $220.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Wedbush reiterated an “outperform” rating on shares of BWX Technologies in a research note on Wednesday, October 1st. Finally, Truist Financial boosted their target price on shares of BWX Technologies from $173.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, November 4th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, BWX Technologies presently has an average rating of “Moderate Buy” and an average price target of $184.83.

BWX Technologies Stock Up 1.7%

Shares of NYSE:BWXT opened at $178.16 on Thursday. The firm has a fifty day moving average price of $191.18 and a two-hundred day moving average price of $161.95. 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 one year low of $84.21 and a one year high of $218.50. The company has a market cap of $16.29 billion, a price-to-earnings ratio of 55.68, a PEG ratio of 4.24 and a beta of 0.78.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Monday, November 3rd. The technology company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.15. BWX Technologies had a net margin of 10.28% and a return on equity of 30.61%. The firm had revenue of $866.29 million for the quarter, compared to analysts’ expectations of $795.48 million. During the same quarter in the prior year, the firm posted $0.83 earnings per share. The business’s quarterly revenue was up 28.9% on a year-over-year basis. BWX Technologies has set its FY 2025 guidance at 3.750-3.800 EPS. Analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Wednesday, November 19th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. BWX Technologies’s dividend payout ratio (DPR) is presently 30.03%.

Insider Buying and Selling at BWX Technologies

In other news, CEO Rex D. Geveden sold 10,000 shares of BWX Technologies stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $197.90, for a total transaction of $1,979,000.00. Following the completion of the sale, the chief executive officer owned 187,594 shares in the company, valued at approximately $37,124,852.60. This trade represents a 5.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.47% of the stock is currently owned by insiders.

BWX Technologies 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.