600,048 Shares in BWX Technologies, Inc. $BWXT Purchased by Alkeon Capital Management LLC

Alkeon Capital Management LLC bought a new stake in BWX Technologies, Inc. (NYSE:BWXT) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 600,048 shares of the technology company’s stock, valued at approximately $86,443,000. Alkeon Capital Management LLC owned approximately 0.66% of BWX Technologies at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of BWXT. ARK Investment Management LLC grew its holdings in 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 during the last quarter. GAMMA Investing LLC raised its stake in shares of BWX Technologies by 29.6% during the 2nd quarter. GAMMA Investing LLC now owns 2,071 shares of the technology company’s stock worth $298,000 after buying an additional 473 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of BWX Technologies by 7.1% in the 2nd 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. Curi RMB Capital LLC boosted its position in shares of BWX Technologies by 3.5% in the 1st quarter. Curi RMB Capital LLC now owns 70,384 shares of the technology company’s stock worth $6,943,000 after buying an additional 2,379 shares in the last quarter. Finally, Jump Financial LLC grew its stake in BWX Technologies by 901.4% in the 1st quarter. Jump Financial LLC now owns 53,875 shares of the technology company’s stock valued at $5,315,000 after acquiring an additional 48,495 shares during the last quarter. 94.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at BWX Technologies

In related news, CEO Rex D. Geveden sold 10,000 shares of the firm’s stock in a transaction that occurred on 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 sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.47% of the stock is currently owned by insiders.

BWX Technologies Price Performance

BWXT stock opened at $174.86 on Friday. The stock has a market capitalization of $15.99 billion, a price-to-earnings ratio of 52.51, a price-to-earnings-growth ratio of 3.60 and a beta of 0.85. The company has a quick ratio of 1.62, a current ratio of 1.71 and a debt-to-equity ratio of 1.21. BWX Technologies, Inc. has a 52-week low of $84.21 and a 52-week high of $218.50. The stock’s fifty day simple moving average is $190.60 and its 200-day simple moving average is $167.20.

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

BWX Technologies Announces Dividend

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

Wall Street Analyst Weigh In

BWXT has been the subject of a number of research reports. Northland Securities set a $225.00 target price on shares of BWX Technologies in a research report on Tuesday, November 4th. Wall Street Zen raised shares of BWX Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. William Blair restated an “outperform” rating on shares of BWX Technologies in a research report on Wednesday, September 17th. Deutsche Bank Aktiengesellschaft set a $180.00 target price on BWX Technologies and gave the company a “hold” rating in a research note on Wednesday, October 8th. Finally, Bank of America raised their price target on BWX Technologies from $220.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average 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.