Adalta Capital Management LLC Has $1.02 Million Stock Holdings in BWX Technologies, Inc. $BWXT

Key Points

• Adalta Capital Management LLC increased its investment in BWX Technologies by 119.1% during the 1st quarter, resulting in holdings worth $1.02 million.
• Recent insider sales include a director selling 600 shares and a senior vice president selling 2,092 shares, indicating a decrease in their positions by 9.71% and 17.09% respectively.
• Analysts have mixed ratings on BWX Technologies, with one rating it as a Strong Buy and several others holding or downgrading their ratings, leading to an average price target of $154.51.

Adalta Capital Management LLC raised its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 119.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 10,335 shares of the technology company's stock after acquiring an additional 5,617 shares during the period. Adalta Capital Management LLC's holdings in BWX Technologies were worth $1,020,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Ameriflex Group Inc. bought a new stake in shares of BWX Technologies in the 4th quarter valued at $34,000. Stone House Investment Management LLC acquired a new position in shares of BWX Technologies during the 1st quarter worth about $31,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of BWX Technologies by 200.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 354 shares of the technology company's stock worth $35,000 after buying an additional 236 shares during the last quarter. Vermillion Wealth Management Inc. acquired a new stake in BWX Technologies in the 4th quarter valued at about $40,000. Finally, HHM Wealth Advisors LLC lifted its stake in BWX Technologies by 34.5% in the 1st quarter. HHM Wealth Advisors LLC now owns 390 shares of the technology company's stock valued at $38,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 94.39% of the company's stock.

Insider Activity

In related news, Director Leland D. Melvin sold 600 shares of BWX Technologies stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $178.26, for a total transaction of $106,956.00. Following the completion of the transaction, the director directly owned 5,579 shares of the company's stock, valued at $994,512.54. This trade represents a 9.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the firm's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $177.43, for a total transaction of $371,183.56. Following the sale, the senior vice president owned 10,149 shares of the company's stock, valued at approximately $1,800,737.07. This represents a 17.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,953 shares of company stock worth $5,359,758 in the last quarter. Insiders own 0.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on BWXT shares. Wall Street Zen downgraded shares of BWX Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. William Blair reissued an "outperform" rating on shares of BWX Technologies in a research note on Wednesday, June 18th. Maxim Group restated a "hold" rating on shares of BWX Technologies in a research report on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $150.00 target price (up previously from $119.00) on shares of BWX Technologies in a research report on Tuesday, July 8th. Finally, CLSA reiterated an "outperform" rating and set a $177.60 price target (up previously from $153.00) on shares of BWX Technologies in a report on Tuesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, BWX Technologies has an average rating of "Moderate Buy" and an average price target of $154.51.

BWX Technologies Stock Performance

NYSE BWXT opened at $163.79 on Monday. BWX Technologies, Inc. has a 1 year low of $84.21 and a 1 year high of $189.25. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.69 and a quick ratio of 1.60. The stock has a market capitalization of $14.97 billion, a PE ratio of 51.18, a P/E/G ratio of 3.71 and a beta of 0.75. The company's 50 day simple moving average is $156.01 and its two-hundred day simple moving average is $127.18.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its earnings results on Monday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.23. BWX Technologies had a net margin of 10.28% and a return on equity of 30.61%. The business had revenue of $764.00 million for the quarter, compared to analysts' expectations of $708.00 million. During the same period in the prior year, the company posted $0.82 EPS. The business's revenue for the quarter was up 12.1% compared to the same quarter last year. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. Analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Monday, August 18th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. BWX Technologies's dividend payout ratio (DPR) is currently 31.25%.

BWX Technologies 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.

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