Atika Capital Management LLC Has $30.31 Million Stake in BWX Technologies, Inc. $BWXT

Atika Capital Management LLC lifted its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 95.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 210,400 shares of the technology company’s stock after purchasing an additional 103,000 shares during the quarter. BWX Technologies accounts for 3.0% of Atika Capital Management LLC’s portfolio, making the stock its 10th largest position. Atika Capital Management LLC owned approximately 0.23% of BWX Technologies worth $30,310,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ARK Investment Management LLC lifted its holdings in shares of BWX Technologies by 426.5% in the second quarter. ARK Investment Management LLC now owns 641,049 shares of the technology company’s stock valued at $92,350,000 after purchasing an additional 519,285 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of BWX Technologies by 7.1% during the second quarter. Sequoia Financial Advisors LLC now owns 46,409 shares of the technology company’s stock worth $6,686,000 after buying an additional 3,087 shares in the last quarter. PNC Financial Services Group Inc. raised its position in BWX Technologies by 52.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 11,460 shares of the technology company’s stock valued at $1,131,000 after buying an additional 3,950 shares during the last quarter. HB Wealth Management LLC acquired a new stake in BWX Technologies in the 1st quarter valued at approximately $353,000. Finally, GAMMA Investing LLC lifted its stake in BWX Technologies by 29.6% in the 2nd quarter. GAMMA Investing LLC now owns 2,071 shares of the technology company’s stock valued at $298,000 after acquiring an additional 473 shares in the last quarter. Institutional investors and hedge funds own 94.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. BTIG Research raised their price target on shares of BWX Technologies from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Zacks Research cut shares of BWX Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday. Truist Financial raised their price objective on BWX Technologies from $173.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, November 4th. Maxim Group reaffirmed a “hold” rating on shares of BWX Technologies in a research report on Wednesday, August 6th. Finally, Northland Securities set a $225.00 price target on BWX Technologies in a research report on Tuesday, November 4th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $184.83.

Insider Activity

In other news, CEO Rex D. Geveden sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $197.90, for a total value of $1,979,000.00. Following the transaction, the chief executive officer owned 187,594 shares of the company’s stock, valued at approximately $37,124,852.60. This represents a 5.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.47% of the stock is currently owned by corporate insiders.

BWX Technologies Trading Up 1.7%

Shares of BWX Technologies stock opened at $178.16 on Thursday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.69 and a quick ratio of 1.60. The business has a fifty day simple moving average of $191.18 and a two-hundred day simple moving average of $161.95. BWX Technologies, Inc. has a 1 year low of $84.21 and a 1 year high of $218.50. The company has a market capitalization of $16.29 billion, a price-to-earnings ratio of 55.68, a P/E/G ratio of 4.24 and a beta of 0.78.

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

BWX Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 19th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Wednesday, November 19th. BWX Technologies’s payout ratio is currently 30.03%.

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.