BWX Technologies, Inc. $BWXT Shares Sold by Ceredex Value Advisors LLC

Ceredex Value Advisors LLC cut its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT) by 46.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 51,975 shares of the technology company’s stock after selling 45,225 shares during the period. Ceredex Value Advisors LLC owned about 0.06% of BWX Technologies worth $7,488,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Creative Financial Designs Inc. ADV lifted its holdings in shares of BWX Technologies by 250.0% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 175 shares of the technology company’s stock valued at $25,000 after buying an additional 125 shares during the period. Hantz Financial Services Inc. raised its position in BWX Technologies by 861.9% during the second quarter. Hantz Financial Services Inc. now owns 202 shares of the technology company’s stock valued at $29,000 after acquiring an additional 181 shares in the last quarter. Stone House Investment Management LLC acquired a new position in BWX Technologies in the first quarter valued at approximately $31,000. Compass Financial Services Inc acquired a new position in BWX Technologies in the first quarter valued at approximately $33,000. Finally, HHM Wealth Advisors LLC boosted its position in BWX Technologies by 34.5% in the 1st quarter. HHM Wealth Advisors LLC now owns 390 shares of the technology company’s stock worth $38,000 after purchasing an additional 100 shares in the last quarter. 94.39% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Rex D. Geveden sold 10,000 shares of the stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $197.90, for a total value of $1,979,000.00. Following the completion of the sale, the chief executive officer directly owned 187,594 shares in the company, valued at $37,124,852.60. This represents a 5.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.47% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on BWXT shares. Wedbush reaffirmed an “outperform” rating on shares of BWX Technologies in a report on Wednesday, October 1st. William Blair reaffirmed an “outperform” rating on shares of BWX Technologies in a report on Wednesday, September 17th. Weiss Ratings reiterated a “buy (b-)” rating on shares of BWX Technologies in a research report on Tuesday. Wall Street Zen upgraded BWX Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Maxim Group reaffirmed a “hold” rating on shares of BWX Technologies in a report on Wednesday, August 6th. Two equities research 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 issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $184.83.

BWX Technologies Stock Up 0.5%

BWXT stock opened at $179.04 on Friday. BWX Technologies, Inc. has a 52 week low of $84.21 and a 52 week high of $218.50. The company has a quick ratio of 1.60, a current ratio of 1.69 and a debt-to-equity ratio of 1.28. The firm has a 50-day simple moving average of $191.36 and a 200-day simple moving average of $162.56. The stock has a market capitalization of $16.37 billion, a P/E ratio of 55.95, a P/E/G ratio of 4.24 and a beta of 0.78.

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

BWX Technologies Announces Dividend

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

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.