BWX Technologies, Inc. $BWXT Shares Sold by TD Asset Management Inc

Key Points

• TD Asset Management Inc reduced its holdings in BWX Technologies by 4.6% during the second quarter, now owning approximately 0.36% of the company.
• Wall Street analysts show mixed sentiment with Bank of America raising the price target to $220.00 while Weiss Ratings downgraded the stock to a "hold" rating.
• BWX Technologies reported a quarterly earnings per share (EPS) of $1.02, exceeding estimates and showcasing a 12.1% year-over-year revenue increase.

TD Asset Management Inc lessened its position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 4.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 327,800 shares of the technology company's stock after selling 15,800 shares during the period. TD Asset Management Inc owned about 0.36% of BWX Technologies worth $47,223,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Axxcess Wealth Management LLC acquired a new position in shares of BWX Technologies in the second quarter valued at approximately $540,000. Cascade Investment Advisors Inc. acquired a new position in BWX Technologies during the second quarter worth approximately $1,294,000. Sequoia Financial Advisors LLC increased its position in BWX Technologies by 7.1% during the second quarter. Sequoia Financial Advisors LLC now owns 46,409 shares of the technology company's stock worth $6,686,000 after purchasing an additional 3,087 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in BWX Technologies during the second quarter worth approximately $38,547,000. Finally, CWM LLC increased its position in BWX Technologies by 6.4% during the second quarter. CWM LLC now owns 2,703 shares of the technology company's stock worth $389,000 after purchasing an additional 163 shares during the last quarter. Institutional investors and hedge funds own 94.39% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Bank of America upped their price target on shares of BWX Technologies from $155.00 to $220.00 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. 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. Wedbush reaffirmed an "outperform" rating on shares of BWX Technologies in a research report on Wednesday, October 1st. Zacks Research raised shares of BWX Technologies from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 7th. Finally, Northland Capmk raised 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. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $168.08.

BWX Technologies Price Performance

BWX Technologies stock opened at $209.06 on Friday. BWX Technologies, Inc. has a 52-week low of $84.21 and a 52-week high of $214.72. The firm has a fifty day moving average of $176.33 and a 200-day moving average of $143.15. The firm has a market capitalization of $19.11 billion, a P/E ratio of 65.33, a PEG ratio of 4.05 and a beta of 0.78. The company has a quick ratio of 1.60, a current ratio of 1.69 and a debt-to-equity ratio of 1.28.

BWX Technologies (NYSE:BWXT - Get Free Report) last released its quarterly earnings data 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 net margin of 10.28% and a return on equity of 30.61%. The company had revenue of $764.00 million during the quarter, compared to analyst estimates of $708.00 million. During the same quarter in the prior year, the business earned $0.82 earnings per share. The business'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. As a group, analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Announces Dividend

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

Insider Activity

In other news, SVP Omar Fathi Meguid sold 2,261 shares of the company's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $179.84, for a total value of $406,618.24. Following the completion of the transaction, the senior vice president directly owned 2,361 shares in the company, valued at approximately $424,602.24. This represents a 48.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the company's stock in a transaction 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 completion of the transaction, the senior vice president owned 10,149 shares of the company's stock, valued at $1,800,737.07. This trade represents a 17.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,953 shares of company stock valued at $5,359,758 over the last ninety days. 0.47% of the stock is owned by company insiders.

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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