BWX Technologies, Inc. $BWXT Stock Position Trimmed by Baird Financial Group Inc.

Baird Financial Group Inc. reduced its holdings in BWX Technologies, Inc. (NYSE:BWXT) by 6.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 431,258 shares of the technology company’s stock after selling 29,068 shares during the quarter. Baird Financial Group Inc. owned 0.47% of BWX Technologies worth $62,127,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BWXT. Creative Financial Designs Inc. ADV increased its stake in shares of BWX Technologies by 250.0% during the second quarter. Creative Financial Designs Inc. ADV now owns 175 shares of the technology company’s stock valued at $25,000 after acquiring an additional 125 shares during the period. Hantz Financial Services Inc. grew its holdings in shares of BWX Technologies by 861.9% in the 2nd quarter. Hantz Financial Services Inc. now owns 202 shares of the technology company’s stock worth $29,000 after acquiring an additional 181 shares during the last quarter. Stone House Investment Management LLC acquired a new position in shares of BWX Technologies in the first quarter worth about $31,000. Compass Financial Services Inc purchased a new position in BWX Technologies during the 1st quarter worth approximately $33,000. Finally, Parkside Financial Bank & Trust lifted its stake in BWX Technologies by 60.5% in the 2nd quarter. Parkside Financial Bank & Trust now owns 390 shares of the technology company’s stock worth $56,000 after acquiring an additional 147 shares in the last quarter. Institutional investors own 94.39% of the company’s stock.

Insider Buying and Selling

In other BWX Technologies news, CEO Rex D. Geveden sold 10,000 shares of BWX Technologies 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 directly owned 187,594 shares of the company’s stock, valued at $37,124,852.60. The trade was a 5.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.47% of the stock is currently owned by corporate insiders.

BWX Technologies Stock Up 2.4%

Shares of BWX Technologies stock opened at $178.96 on Friday. BWX Technologies, Inc. has a 12-month low of $84.21 and a 12-month high of $218.50. The company has a quick ratio of 1.62, a current ratio of 1.71 and a debt-to-equity ratio of 1.21. The stock has a 50 day moving average price of $191.30 and a two-hundred day moving average price of $164.45. The stock has a market capitalization of $16.36 billion, a P/E ratio of 53.74, a PEG ratio of 3.43 and a beta of 0.85.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Monday, November 3rd. The technology company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.15. The company had revenue of $866.29 million for the quarter, compared to analyst estimates of $795.48 million. BWX Technologies had a net margin of 10.04% and a return on equity of 30.70%. The company’s quarterly revenue was up 28.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.83 earnings per share. BWX Technologies has set its FY 2025 guidance at 3.750-3.800 EPS. Equities analysts expect that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Dividend Announcement

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 issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. BWX Technologies’s dividend payout ratio (DPR) is 30.03%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on BWXT shares. BTIG Research upped their target price on BWX Technologies from $200.00 to $225.00 and gave the company a “buy” rating in a report on Friday, November 7th. Truist Financial raised their price target on shares of BWX Technologies from $173.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday, November 4th. Wall Street Zen upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Deutsche Bank Aktiengesellschaft set a $180.00 target price on shares of BWX Technologies and gave the stock a “hold” rating in a research report on Wednesday, October 8th. Finally, William Blair reaffirmed an “outperform” rating on shares of BWX Technologies in a research report on Wednesday, September 17th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $184.83.

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.