Bayforest Capital Ltd Sells 1,630 Shares of BWX Technologies, Inc. $BWXT

Key Points

• Bayforest Capital Ltd has reduced its stake in BWX Technologies, Inc. by 42%, selling 1,630 shares and holding a total of 2,247 shares valued at $324,000.
• Other institutional investors such as Vanguard Group and T. Rowe Price have increased their holdings in BWX Technologies, with Vanguard now owning approximately $927.7 million worth of shares.
• Analyst ratings for BWX Technologies vary, with three analysts rating the stock as a Strong Buy and an average price target of $168.08 according to MarketBeat.

Bayforest Capital Ltd reduced its stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 42.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,247 shares of the technology company's stock after selling 1,630 shares during the period. Bayforest Capital Ltd's holdings in BWX Technologies were worth $324,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in BWX Technologies by 2.1% in the first quarter. Vanguard Group Inc. now owns 9,404,287 shares of the technology company's stock worth $927,733,000 after buying an additional 192,363 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in BWX Technologies by 19.7% in the first 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 during the period. Valeo Financial Advisors LLC grew its holdings in 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 worth $2,228,000 after purchasing an additional 1,513,092 shares during the period. Dimensional Fund Advisors LP grew its holdings in BWX Technologies by 11.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,211,624 shares of the technology company's stock worth $119,522,000 after purchasing an additional 128,791 shares during the period. Finally, Bessemer Group Inc. grew its holdings in BWX Technologies by 1.6% in the first quarter. Bessemer Group Inc. now owns 1,038,223 shares of the technology company's stock worth $102,419,000 after purchasing an additional 16,262 shares during the period. 94.39% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft set a $180.00 price objective on shares of BWX Technologies and gave the stock a "hold" rating in a report on Wednesday, October 8th. Wall Street Zen cut shares of BWX Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Northland Securities started coverage on shares of BWX Technologies in a report on Wednesday, September 10th. They issued an "outperform" rating and a $205.00 price objective on the stock. Weiss Ratings cut shares of BWX Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, October 8th. Finally, Truist Financial increased their price target on shares of BWX Technologies from $145.00 to $173.00 and gave the company a "hold" rating in a report on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, BWX Technologies presently has an average rating of "Moderate Buy" and an average price target of $168.08.

Insider Buying and Selling

In other BWX Technologies news, CEO Rex D. Geveden sold 25,000 shares of BWX Technologies stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $179.00, for a total transaction of $4,475,000.00. Following the transaction, the chief executive officer owned 197,594 shares of the company's stock, valued at $35,369,326. The trade was a 11.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Omar Fathi Meguid sold 2,261 shares of BWX Technologies stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $179.84, for a total value of $406,618.24. Following the transaction, the senior vice president directly owned 2,361 shares in the company, valued at approximately $424,602.24. This trade represents a 48.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,953 shares of company stock worth $5,359,758 in the last quarter. 0.47% of the stock is currently owned by corporate insiders.

BWX Technologies Stock Up 0.7%

BWXT stock opened at $203.94 on Thursday. The company has a market capitalization of $18.64 billion, a P/E ratio of 63.73, a PEG ratio of 4.03 and a beta of 0.78. The firm has a 50 day simple moving average of $175.74 and a 200-day simple moving average of $142.39. The company has a current ratio of 1.69, a quick ratio of 1.60 and a debt-to-equity ratio of 1.28. BWX Technologies, Inc. has a twelve month low of $84.21 and a twelve month high of $214.00.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The technology company reported $1.02 earnings per share 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 during the quarter, compared to the consensus estimate of $708.00 million. During the same quarter in the prior year, the company posted $0.82 earnings per share. The company's quarterly revenue 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. On average, equities research analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Monday, August 18th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, August 18th. BWX Technologies's payout ratio is presently 31.25%.

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.

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