Campbell & CO Investment Adviser LLC Decreases Holdings in BWX Technologies, Inc. $BWXT

Key Points

• Campbell & CO Investment Adviser LLC reduced its stake in BWX Technologies by 48.4%, selling 20,568 shares and holding 21,891 shares worth approximately $2.16 million as of its latest SEC filing.
• In the most recent quarter, other institutional investors increased their positions in BWX Technologies, with Price T Rowe Associates Inc. significantly raising its stake by 248.4% to hold 453,680 shares valued at over $50 million.
• BWX Technologies reported a 12.1% increase in quarterly revenue compared to the previous year, with earnings per share (EPS) of $1.02, surpassing analyst expectations of $0.79.

Campbell & CO Investment Adviser LLC decreased its position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 48.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,891 shares of the technology company's stock after selling 20,568 shares during the quarter. Campbell & CO Investment Adviser LLC's holdings in BWX Technologies were worth $2,160,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in BWXT. Stone House Investment Management LLC bought a new position in BWX Technologies during the 1st quarter worth approximately $31,000. Ameriflex Group Inc. acquired a new position in BWX Technologies in the fourth quarter valued at approximately $34,000. MassMutual Private Wealth & Trust FSB lifted its stake in BWX Technologies by 200.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 354 shares of the technology company's stock valued at $35,000 after buying an additional 236 shares during the period. HHM Wealth Advisors LLC lifted its stake in BWX Technologies by 34.5% in the first quarter. HHM Wealth Advisors LLC now owns 390 shares of the technology company's stock valued at $38,000 after buying an additional 100 shares during the period. Finally, Vermillion Wealth Management Inc. acquired a new position in BWX Technologies in the fourth quarter valued at approximately $40,000. Institutional investors own 94.39% of the company's stock.

Insider Buying and Selling

In related news, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the company's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $177.43, for a total transaction of $371,183.56. Following the completion of the sale, the senior vice president owned 10,149 shares in the company, valued at approximately $1,800,737.07. This represents a 17.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 owned 197,594 shares of the company's stock, valued at $35,369,326. This trade represents a 11.23% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,953 shares of company stock worth $5,359,758. 0.47% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have issued reports on BWXT. Bank of America boosted their price target on BWX Technologies from $155.00 to $220.00 and gave the company a "buy" rating in a research note on Wednesday, August 13th. William Blair reissued an "outperform" rating on shares of BWX Technologies in a research note on Wednesday, June 18th. CLSA reissued an "outperform" rating and issued a $177.60 price target (up from $153.00) on shares of BWX Technologies in a research note on Tuesday, May 27th. Maxim Group reissued a "hold" rating on shares of BWX Technologies in a research note on Wednesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $150.00 price objective (up previously from $119.00) on shares of BWX Technologies in a report on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $154.51.

BWX Technologies Stock Down 2.3%

Shares of NYSE BWXT traded down $3.90 during midday trading on Friday, hitting $161.94. 847,318 shares of the stock traded hands, compared to its average volume of 1,415,553. The company has a market cap of $14.80 billion, a PE ratio of 50.60, a P/E/G ratio of 3.67 and a beta of 0.73. BWX Technologies, Inc. has a one year low of $84.21 and a one year high of $189.25. The business has a 50 day moving average price of $154.02 and a two-hundred day moving average price of $125.13. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.60 and a current ratio of 1.69.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its quarterly 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 return on equity of 30.61% and a net margin of 10.28%.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. BWX Technologies's 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 analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Monday, August 18th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, August 18th. This represents a $1.00 annualized dividend and a yield of 0.6%. BWX Technologies's dividend payout ratio is 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.