BWX Technologies, Inc. $BWXT Shares Sold by Curbstone Financial Management Corp

Key Points

• Curbstone Financial Management Corp reduced its stake in BWX Technologies by 27.7%, resulting in ownership of 3,650 shares valued at $526,000.
• BWX Technologies reported earnings of $1.02 per share for the last quarter, surpassing analyst expectations of $0.79, with revenue increasing 12.1% year-over-year.
• The company announced a quarterly dividend of $0.25 per share, representing an annualized yield of 0.5% and a payout ratio of 31.25%.

Curbstone Financial Management Corp reduced its stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 27.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,650 shares of the technology company's stock after selling 1,400 shares during the quarter. Curbstone Financial Management Corp's holdings in BWX Technologies were worth $526,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Huntleigh Advisors Inc. grew its position in BWX Technologies by 8.1% during the second quarter. Huntleigh Advisors Inc. now owns 4,152 shares of the technology company's stock worth $598,000 after buying an additional 310 shares during the period. Kanawha Capital Management LLC acquired a new position in BWX Technologies during the second quarter worth about $232,000. VELA Investment Management LLC grew its position in BWX Technologies by 3.6% during the second quarter. VELA Investment Management LLC now owns 17,021 shares of the technology company's stock worth $2,452,000 after buying an additional 598 shares during the period. Chevy Chase Trust Holdings LLC grew its position in BWX Technologies by 403.3% during the second quarter. Chevy Chase Trust Holdings LLC now owns 463,919 shares of the technology company's stock worth $66,832,000 after buying an additional 371,748 shares during the period. Finally, Stratos Wealth Partners LTD. acquired a new position in BWX Technologies during the second quarter worth about $217,000. 94.39% of the stock is currently owned by institutional investors and hedge funds.

BWX Technologies Stock Down 2.9%

Shares of NYSE BWXT opened at $202.92 on Friday. BWX Technologies, Inc. has a 1 year low of $84.21 and a 1 year high of $214.72. The firm's 50 day moving average price is $176.80 and its 200 day moving average price is $144.15. The firm has a market cap of $18.55 billion, a P/E ratio of 63.41, a price-to-earnings-growth ratio of 4.03 and a beta of 0.78. 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 earnings results on Monday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.23. BWX Technologies had a net margin of 10.28% and a return on equity of 30.61%. The firm had revenue of $764.00 million for the quarter, compared to analyst estimates of $708.00 million. During the same quarter last year, the business earned $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. As a group, sell-side analysts anticipate that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Monday, August 18th were given a dividend of $0.25 per share. The ex-dividend date was Monday, August 18th. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. BWX Technologies's dividend payout ratio (DPR) is 31.25%.

Wall Street Analyst Weigh In

Several research firms have recently commented on BWXT. Maxim Group reiterated a "hold" rating on shares of BWX Technologies in a research report on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft set a $180.00 price target on shares of BWX Technologies and gave the company a "hold" rating in a research report on Wednesday, October 8th. Weiss Ratings lowered shares of BWX Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, October 8th. Zacks Research upgraded shares of BWX Technologies from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 7th. Finally, Northland Capmk upgraded shares of BWX Technologies to a "strong-buy" rating in a research report on Tuesday, September 9th. Three research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, BWX Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $168.08.

Insider Activity

In related news, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the firm's stock in a transaction that occurred on 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 in the company, valued at approximately $1,800,737.07. This trade represents a 17.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Rex D. Geveden sold 25,000 shares of the stock in a transaction that occurred on 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 directly owned 197,594 shares in the company, valued at approximately $35,369,326. This represents a 11.23% 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 three months. 0.47% of the stock is owned by insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.