Arrowstreet Capital Limited Partnership Has $67.82 Million Stake in BWX Technologies, Inc. $BWXT

Arrowstreet Capital Limited Partnership lowered its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 17.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 470,774 shares of the technology company’s stock after selling 101,307 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.52% of BWX Technologies worth $67,820,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Creative Financial Designs Inc. ADV grew its stake 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. boosted its holdings in BWX Technologies by 861.9% in the second quarter. Hantz Financial Services Inc. now owns 202 shares of the technology company’s stock worth $29,000 after acquiring an additional 181 shares in the last quarter. Stone House Investment Management LLC bought a new position in BWX Technologies in the first quarter worth approximately $31,000. Compass Financial Services Inc acquired a new stake in BWX Technologies in the first quarter valued at approximately $33,000. Finally, National Bank of Canada FI increased its holdings in shares of BWX Technologies by 369.7% during the first quarter. National Bank of Canada FI now owns 559 shares of the technology company’s stock valued at $55,000 after acquiring an additional 440 shares in the last quarter. 94.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at BWX Technologies

In other news, CEO Rex D. Geveden sold 10,000 shares of the firm’s 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 transaction, the chief executive officer directly owned 187,594 shares of the company’s stock, valued at approximately $37,124,852.60. This trade represents a 5.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.47% of the stock is currently owned by insiders.

BWX Technologies Trading Up 2.4%

Shares of BWXT stock opened at $178.96 on Friday. The company has a market capitalization of $16.36 billion, a PE ratio of 53.74, a price-to-earnings-growth ratio of 3.43 and a beta of 0.85. BWX Technologies, Inc. has a 52-week low of $84.21 and a 52-week high of $218.50. The business’s fifty day moving average is $191.30 and its 200 day moving average is $164.45. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.62 and a current ratio of 1.71.

BWX Technologies (NYSE:BWXT) last announced its earnings results on Monday, November 3rd. The technology company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.15. BWX Technologies had a net margin of 10.04% and a return on equity of 30.70%. The business had revenue of $866.29 million for the quarter, compared to the consensus estimate of $795.48 million. During the same period last year, the firm posted $0.83 earnings per share. BWX Technologies’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. On average, equities research analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Announces Dividend

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 paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $1.00 annualized dividend and a yield of 0.6%. BWX Technologies’s payout ratio is currently 30.03%.

Analyst Ratings Changes

A number of research analysts have weighed in on BWXT shares. Bank of America raised their price objective 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. Northland Securities set a $225.00 price target on BWX Technologies in a research note on Tuesday, November 4th. Truist Financial increased their price objective on BWX Technologies from $173.00 to $200.00 and gave the stock a “hold” rating in a research note on Tuesday, November 4th. Zacks Research lowered BWX Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of BWX Technologies in a report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $184.83.

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.