BWX Technologies, Inc. $BWXT Holdings Increased by Narwhal Capital Management

Narwhal Capital Management grew its stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 126.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,936 shares of the technology company's stock after buying an additional 23,945 shares during the quarter. Narwhal Capital Management's holdings in BWX Technologies were worth $6,185,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BWXT. Merit Financial Group LLC bought a new stake in shares of BWX Technologies during the 1st quarter worth about $202,000. UMB Bank n.a. raised its holdings in shares of 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 in the last quarter. Park Avenue Securities LLC raised its holdings in shares of BWX Technologies by 11.4% in the 1st quarter. Park Avenue Securities LLC now owns 5,508 shares of the technology company's stock worth $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% in the 1st quarter. Farther Finance Advisors LLC now owns 459 shares of the technology company's stock worth $46,000 after purchasing an additional 240 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings 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 worth $12,528,000 after purchasing an additional 125,208 shares in the last quarter. 94.39% of the stock is currently owned by institutional investors.

BWX Technologies Stock Performance

BWXT stock opened at $196.88 on Thursday. The company has a quick ratio of 1.60, a current ratio of 1.69 and a debt-to-equity ratio of 1.28. The company has a market capitalization of $17.99 billion, a price-to-earnings ratio of 61.53, a P/E/G ratio of 4.33 and a beta of 0.78. BWX Technologies, Inc. has a 12 month low of $84.21 and a 12 month high of $197.52. The firm has a 50 day moving average of $172.28 and a two-hundred day moving average of $139.10.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted 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 company had revenue of $764.00 million during the quarter, compared to the consensus estimate of $708.00 million. BWX Technologies had a net margin of 10.28% and a return on equity of 30.61%. The company's revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.82 earnings per share. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. As a group, equities analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

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

Insider Buying and Selling at BWX Technologies

In other news, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the business's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $177.43, for a total value of $371,183.56. Following the completion of the sale, the senior vice president directly owned 10,149 shares in the company, valued at approximately $1,800,737.07. The trade was a 17.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Leland D. Melvin sold 600 shares of the business's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $178.26, for a total transaction of $106,956.00. Following the completion of the sale, the director owned 5,579 shares of the company's stock, valued at $994,512.54. The trade was a 9.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,953 shares of company stock valued at $5,359,758. 0.47% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on BWXT. Northland Securities began coverage on shares of BWX Technologies in a report on Wednesday, September 10th. They issued an "outperform" rating and a $205.00 target price on the stock. Wedbush reiterated an "outperform" rating on shares of BWX Technologies in a report on Wednesday, October 1st. Truist Financial set a $145.00 target price on shares of BWX Technologies and gave the stock a "hold" rating in a report on Tuesday, August 5th. William Blair reiterated an "outperform" rating on shares of BWX Technologies in a report on Wednesday, September 17th. Finally, Wall Street Zen lowered shares of BWX Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $164.58.

About BWX Technologies

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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