BWX Technologies, Inc. $BWXT Shares Sold by Vaughan Nelson Investment Management L.P.

Key Points

• Vaughan Nelson Investment Management L.P. reduced its stake in BWX Technologies by 43.8%, selling 242,975 shares and now holding 312,325 shares worth approximately $44.99 million.
• BWX Technologies reported a 12.1% increase in quarterly revenue year-over-year, reaching $764 million, with earnings per share surpassing analysts' expectations at $1.02.
• Analysts have a consensus rating of "Moderate Buy" for BWX Technologies, with an average price target of $160.83.

Vaughan Nelson Investment Management L.P. lowered its position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 43.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 312,325 shares of the technology company's stock after selling 242,975 shares during the period. Vaughan Nelson Investment Management L.P. owned about 0.34% of BWX Technologies worth $44,994,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of BWXT. Wealth Enhancement Advisory Services LLC raised its position in shares of BWX Technologies by 2.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,448 shares of the technology company's stock worth $830,000 after acquiring an additional 172 shares during the period. GAMMA Investing LLC raised its position in shares of BWX Technologies by 9,477.3% in the first quarter. GAMMA Investing LLC now owns 157,643 shares of the technology company's stock worth $15,551,000 after acquiring an additional 155,997 shares during the period. Merit Financial Group LLC acquired a new position in shares of BWX Technologies in the first quarter worth about $202,000. Hennion & Walsh Asset Management Inc. increased its stake in shares of BWX Technologies by 7.7% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 13,040 shares of the technology company's stock worth $1,286,000 after purchasing an additional 935 shares in the last quarter. Finally, Arkfeld Wealth Strategies L.L.C. increased its stake in shares of BWX Technologies by 24.5% during the first quarter. Arkfeld Wealth Strategies L.L.C. now owns 23,314 shares of the technology company's stock worth $2,427,000 after purchasing an additional 4,581 shares in the last quarter. Institutional investors and hedge funds own 94.39% of the company's stock.

BWX Technologies Stock Performance

BWXT opened at $186.82 on Friday. The firm has a market capitalization of $17.08 billion, a PE ratio of 58.38, a PEG ratio of 4.21 and a beta of 0.78. BWX Technologies, Inc. has a twelve month low of $84.21 and a twelve month high of $190.01. The firm's 50-day moving average price is $169.73 and its 200 day moving average price is $137.18. The company has a current ratio of 1.69, a quick ratio of 1.60 and a debt-to-equity ratio of 1.28.

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

BWX Technologies Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have recently commented on BWXT shares. Northland Capmk raised shares of BWX Technologies to a "strong-buy" rating in a research note on Tuesday, September 9th. Truist Financial set a $145.00 target price on shares of BWX Technologies and gave the stock a "hold" rating in a research note on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $150.00 target price (up previously from $119.00) on shares of BWX Technologies in a research note on Tuesday, July 8th. Wedbush reissued an "outperform" rating on shares of BWX Technologies in a research note on Wednesday. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of BWX Technologies in a research note on Saturday, September 27th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $160.83.

Insider Activity

In other BWX Technologies news, SVP Omar Fathi Meguid sold 2,261 shares of the business's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $179.84, for a total value of $406,618.24. Following the transaction, the senior vice president directly owned 2,361 shares in the company, valued at $424,602.24. The trade was a 48.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Leland D. Melvin sold 600 shares of the business's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $178.26, for a total transaction of $106,956.00. Following the completion of the transaction, the director owned 5,579 shares in the company, 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 quarter, insiders have sold 29,953 shares of company stock valued at $5,359,758. Company insiders own 0.47% of the company's stock.

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.

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