BWX Technologies, Inc. $BWXT Holdings Boosted by Blair William & Co. IL

Key Points

• Blair William & Co. IL increased its stake in BWX Technologies by 28.2%, owning over 1 million shares valued at approximately $144.58 million as of the most recent SEC filing.
• CEO Rex D. Geveden sold 25,000 shares at an average price of $179.00, significantly reducing their ownership by 11.23%.
• Analysts set a consensus price target of $164.58 for BWX Technologies, with ratings ranging from Strong Buy to Sell, indicating varied market sentiment.

Blair William & Co. IL increased its position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 28.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,003,607 shares of the technology company's stock after acquiring an additional 220,616 shares during the period. Blair William & Co. IL owned approximately 1.10% of BWX Technologies worth $144,580,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Merit Financial Group LLC bought a new stake in shares of BWX Technologies in the 1st quarter worth $202,000. UMB Bank n.a. boosted its stake in BWX Technologies by 80.5% in the 1st quarter. UMB Bank n.a. now owns 915 shares of the technology company's stock worth $90,000 after purchasing an additional 408 shares during the period. Park Avenue Securities LLC grew its position in BWX Technologies by 11.4% during the first quarter. Park Avenue Securities LLC now owns 5,508 shares of the technology company's stock valued at $543,000 after purchasing an additional 563 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of BWX Technologies by 109.6% during the first quarter. Farther Finance Advisors LLC now owns 459 shares of the technology company's stock worth $46,000 after acquiring an additional 240 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of BWX Technologies by 7,014.5% in the 1st quarter. SG Americas Securities LLC now owns 126,993 shares of the technology company's stock valued at $12,528,000 after buying an additional 125,208 shares in the last quarter. Institutional investors and hedge funds own 94.39% of the company's stock.

Insider Buying and Selling

In other BWX Technologies news, CEO Rex D. Geveden sold 25,000 shares of the company's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $179.00, for a total value of $4,475,000.00. Following the sale, the chief executive officer directly owned 197,594 shares in the company, valued at $35,369,326. This represents a 11.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Omar Fathi Meguid sold 2,261 shares of the business's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $179.84, for a total transaction of $406,618.24. Following the completion of the sale, the senior vice president owned 2,361 shares in the company, valued at $424,602.24. This represents a 48.92% decrease in their position. 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. Corporate insiders own 0.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on BWXT. Deutsche Bank Aktiengesellschaft set a $180.00 target price on shares of BWX Technologies and gave the stock a "hold" rating in a research report on Wednesday. Wedbush reaffirmed an "outperform" rating on shares of BWX Technologies in a report on Wednesday, October 1st. Weiss Ratings downgraded BWX Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday. Bank of America increased their price objective on BWX Technologies from $155.00 to $220.00 and gave the company a "buy" rating in a research report on Wednesday, August 13th. Finally, William Blair reaffirmed an "outperform" rating on shares of BWX Technologies in a research report on Wednesday, September 17th. Three analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, BWX Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $164.58.

BWX Technologies Price Performance

Shares of NYSE:BWXT opened at $196.88 on Thursday. The business's 50 day moving average is $172.28 and its 200-day moving average is $139.10. The company has a current ratio of 1.69, a quick ratio of 1.60 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $17.99 billion, a PE ratio of 61.53, a PEG ratio of 4.33 and a beta of 0.78. BWX Technologies, Inc. has a 1-year low of $84.21 and a 1-year high of $197.52.

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

BWX Technologies Announces Dividend

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