BWX Technologies, Inc. $BWXT Shares Acquired by CW Advisors LLC

CW Advisors LLC boosted its position in BWX Technologies, Inc. (NYSE:BWXT) by 169.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,940 shares of the technology company’s stock after purchasing an additional 3,736 shares during the period. CW Advisors LLC’s holdings in BWX Technologies were worth $856,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Valeo Financial Advisors LLC lifted its holdings in shares of BWX Technologies by 33,572.0% in the second quarter. Valeo Financial Advisors LLC now owns 1,517,599 shares of the technology company’s stock valued at $2,228,000 after buying an additional 1,513,092 shares during the period. Artisan Partners Limited Partnership acquired a new stake in BWX Technologies in the 2nd quarter valued at about $183,859,000. William Blair Investment Management LLC boosted its position in shares of BWX Technologies by 523.2% during the 2nd quarter. William Blair Investment Management LLC now owns 1,517,356 shares of the technology company’s stock valued at $218,590,000 after purchasing an additional 1,273,895 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new position in shares of BWX Technologies in the 2nd quarter worth approximately $132,498,000. Finally, T. Rowe Price Investment Management Inc. raised its holdings in shares of BWX Technologies by 19.7% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 4,503,679 shares of the technology company’s stock worth $444,288,000 after purchasing an additional 741,282 shares in the last quarter. 94.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on BWXT shares. Truist Financial raised their target price 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. Northland Capmk upgraded BWX Technologies to a “strong-buy” rating in a report on Tuesday, September 9th. Deutsche Bank Aktiengesellschaft set a $180.00 target price on BWX Technologies and gave the stock a “hold” rating in a research report on Wednesday, October 8th. BTIG Research increased their price target on BWX Technologies from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Finally, Wedbush reissued an “outperform” rating on shares of BWX Technologies in a research note on Wednesday, October 1st. Two 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 issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $184.83.

BWX Technologies Stock Performance

BWXT stock opened at $178.54 on Tuesday. The firm has a 50 day simple moving average of $191.17 and a 200 day simple moving average of $166.21. BWX Technologies, Inc. has a 52 week low of $84.21 and a 52 week high of $218.50. The stock has a market cap of $16.32 billion, a P/E ratio of 53.62, a P/E/G ratio of 3.49 and a beta of 0.86. 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 released its quarterly earnings data on Monday, November 3rd. The technology company reported $1.00 earnings per share 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 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 revenue for the quarter was up 28.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.83 EPS. BWX Technologies has set its FY 2025 guidance at 3.750-3.800 EPS. Research analysts anticipate that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

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

Insiders Place Their Bets

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 completion of the sale, the chief executive officer directly owned 187,594 shares of the company’s stock, valued at $37,124,852.60. This trade represents a 5.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.47% of the stock is currently owned by insiders.

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.