Federated Hermes Inc. lowered its position in BWX Technologies, Inc. (NYSE:BWXT – Free Report) by 0.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 448,562 shares of the technology company’s stock after selling 2,345 shares during the period. Federated Hermes Inc. owned about 0.49% of BWX Technologies worth $82,701,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Goldman Sachs Group Inc. increased its stake in shares of BWX Technologies by 0.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 141,680 shares of the technology company’s stock valued at $13,977,000 after purchasing an additional 371 shares in the last quarter. Caxton Associates LLP acquired a new stake in BWX Technologies in the first quarter valued at approximately $304,000. Naples Global Advisors LLC grew its holdings in BWX Technologies by 1.4% in the second quarter. Naples Global Advisors LLC now owns 37,310 shares of the technology company’s stock valued at $5,375,000 after purchasing an additional 525 shares during the period. Abacus Planning Group Inc. purchased a new stake in shares of BWX Technologies in the second quarter valued at approximately $241,000. Finally, Synergy Asset Management LLC raised its stake in shares of BWX Technologies by 30.1% during the 2nd quarter. Synergy Asset Management LLC now owns 3,903 shares of the technology company’s stock worth $562,000 after buying an additional 903 shares during the period. 94.39% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at BWX Technologies
In related news, CEO Rex D. Geveden sold 10,000 shares of the 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 completion of the sale, the chief executive officer 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.47% of the company’s stock.
BWX Technologies Stock Performance
BWX Technologies (NYSE:BWXT – Get Free Report) last announced its quarterly earnings data on Monday, November 3rd. The technology company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.15. BWX Technologies had a net margin of 10.04% and a return on equity of 30.70%. The company had revenue of $866.29 million during the quarter, compared to analysts’ expectations of $795.48 million. During the same quarter in the prior year, the company earned $0.83 EPS. BWX Technologies’s 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. On average, sell-side analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on the stock. Exane BNP Paribas raised shares of BWX Technologies to a “hold” rating in a research note on Thursday, January 15th. Wedbush reiterated an “outperform” rating on shares of BWX Technologies in a research report on Wednesday, October 1st. Deutsche Bank Aktiengesellschaft set a $180.00 target price on shares of BWX Technologies and gave the stock a “hold” rating in a research note on Wednesday, October 8th. Northland Securities set a $225.00 price target on shares of BWX Technologies in a research note on Tuesday, November 4th. Finally, Wall Street Zen upgraded BWX Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Three research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $199.20.
Check Out Our Latest Research Report on BWXT
BWX Technologies Profile
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.
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