Permanent Capital Management LP Buys Shares of 6,300 BWX Technologies, Inc. $BWXT

Permanent Capital Management LP purchased a new position in shares of BWX Technologies, Inc. (NYSE:BWXT) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,300 shares of the technology company’s stock, valued at approximately $1,162,000.

Several other institutional investors have also recently made changes to their positions in BWXT. Corient Private Wealth LLC grew its holdings in BWX Technologies by 1.2% during the 2nd quarter. Corient Private Wealth LLC now owns 5,880 shares of the technology company’s stock worth $847,000 after acquiring an additional 69 shares in the last quarter. HHM Wealth Advisors LLC lifted its position in shares of BWX Technologies by 17.9% in the 2nd quarter. HHM Wealth Advisors LLC now owns 460 shares of the technology company’s stock worth $66,000 after purchasing an additional 70 shares during the period. JT Stratford LLC boosted its stake in shares of BWX Technologies by 2.5% during the second quarter. JT Stratford LLC now owns 2,927 shares of the technology company’s stock valued at $422,000 after purchasing an additional 72 shares in the last quarter. Intrua Financial LLC increased its holdings in BWX Technologies by 3.9% during the first quarter. Intrua Financial LLC now owns 2,625 shares of the technology company’s stock valued at $259,000 after buying an additional 99 shares during the period. Finally, Oakworth Capital Inc. raised its stake in BWX Technologies by 10.0% in the second quarter. Oakworth Capital Inc. now owns 1,105 shares of the technology company’s stock worth $159,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 94.39% of the company’s stock.

BWX Technologies Trading Down 0.7%

Shares of NYSE:BWXT opened at $175.88 on Monday. The business’s 50-day moving average is $185.97 and its 200 day moving average is $171.02. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.71 and a quick ratio of 1.62. BWX Technologies, Inc. has a 1 year low of $84.21 and a 1 year high of $218.50. The firm has a market capitalization of $16.08 billion, a P/E ratio of 52.82, a P/E/G ratio of 3.44 and a beta of 0.86.

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

BWX Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Wednesday, November 19th were issued a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. BWX Technologies’s dividend payout ratio (DPR) is currently 30.03%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. BTIG Research upped their target price on BWX Technologies from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Wedbush restated an “outperform” rating on shares of BWX Technologies in a research note on Wednesday, October 1st. CJS Securities raised BWX Technologies to a “strong-buy” rating in a research report on Friday, December 12th. Truist Financial boosted 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. Finally, Northland Capmk raised shares of BWX Technologies to a “strong-buy” rating in a research report on Tuesday, September 9th. Three investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $196.23.

Insider Activity at BWX Technologies

In other news, CEO Rex D. Geveden sold 10,000 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $197.90, for a total transaction of $1,979,000.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.47% of the company’s stock.

About BWX Technologies

BWX Technologies, Inc (NYSE: BWXT) is a specialized supplier of nuclear components and services, primarily serving the U.S. government and commercial markets. The company’s core expertise lies in the design, fabrication and servicing of nuclear propulsion systems for the U.S. Navy, where it supports the maintenance and overhaul of naval nuclear reactors. In addition to defense applications, BWXT develops small modular reactors (SMRs), nuclear fuel and related technologies for non‐defense power generation, offering scalable solutions to meet evolving energy and industrial demands.

Beyond propulsion and power systems, BWXT is a leading producer of medical radioisotopes used in diagnostic imaging and cancer treatment.