BWX Technologies, Inc. $BWXT Stock Acquired by Oppenheimer & Co. Inc.

Key Points

• Oppenheimer & Co. increased its BWX Technologies stake by 376.2% in the third quarter, owning 37,955 shares valued at approximately $5.2 million. Institutional investors and hedge funds collectively own 94.39% of the stock.
• Analyst sentiment remains positive but has weakened, with several firms lowering price targets. BWXT carries a consensus “Moderate Buy” rating and an average price target of $205.
• BWXT shares opened at $137.98, well below their 52-week high of $241.82. The company recently beat quarterly earnings expectations with $1.07 EPS, while revenue rose 18% year over year to $901.62 million.

Oppenheimer & Co. Inc. boosted its position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 376.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 37,955 shares of the technology company's stock after purchasing an additional 29,984 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in BWX Technologies were worth $5,200,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BWXT. Verdence Capital Advisors LLC bought a new stake in shares of BWX Technologies during the third quarter valued at approximately $329,000. Apollon Wealth Management LLC grew its holdings in BWX Technologies by 29.3% in the 3rd quarter. Apollon Wealth Management LLC now owns 3,572 shares of the technology company's stock worth $489,000 after buying an additional 809 shares in the last quarter. Kingswood Wealth Advisors LLC grew its holdings in BWX Technologies by 24.6% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 2,702 shares of the technology company's stock worth $370,000 after buying an additional 534 shares in the last quarter. Signaturefd LLC increased its position in BWX Technologies by 1.8% in the 3rd quarter. Signaturefd LLC now owns 21,159 shares of the technology company's stock valued at $2,899,000 after acquiring an additional 384 shares during the period. Finally, Brookmont Capital Management increased its position in BWX Technologies by 5.3% in the 3rd quarter. Brookmont Capital Management now owns 3,131 shares of the technology company's stock valued at $429,000 after acquiring an additional 159 shares during the period. 94.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on BWXT. BNP Paribas Exane reduced their price target on BWX Technologies from $190.00 to $165.00 and set a "neutral" rating for the company in a research report on Thursday, September 24th. Truist Financial decreased their price target on BWX Technologies from $202.00 to $182.00 and set a "hold" rating for the company in a research note on Tuesday, October 6th. Guggenheim reissued a "buy" rating and set a $192.00 price target on shares of BWX Technologies in a report on Wednesday, September 30th. Weiss Ratings cut shares of BWX Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, August 26th. Finally, JPMorgan Chase & Co. cut their price objective on shares of BWX Technologies from $230.00 to $190.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 13th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $205.00.

BWX Technologies Trading Up 2.2%

Shares of BWX Technologies stock opened at $137.98 on Friday. BWX Technologies, Inc. has a fifty-two week low of $123.05 and a fifty-two week high of $241.82. The company has a quick ratio of 2.33, a current ratio of 2.40 and a debt-to-equity ratio of 1.51. The firm has a market cap of $12.64 billion, a price-to-earnings ratio of 35.75, a price-to-earnings-growth ratio of 1.91 and a beta of 0.74. The business has a fifty day simple moving average of $144.04 and a 200-day simple moving average of $185.18.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The technology company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.03. The company had revenue of $901.62 million during the quarter, compared to analyst estimates of $902.41 million. BWX Technologies had a net margin of 10.11% and a return on equity of 30.83%. The business's revenue for the quarter was up 18.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.02 EPS. BWX Technologies has set its FY 2026 guidance at 4.700-4.800 EPS. On average, equities analysts forecast that BWX Technologies, Inc. will post 4.75 EPS for the current fiscal year.

Insiders Place Their Bets

In other BWX Technologies news, CEO Rex D. Geveden sold 10,000 shares of the business's stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $172.50, for a total transaction of $1,725,000.00. Following the sale, the chief executive officer owned 192,491 shares in the company, valued at approximately $33,204,697.50. The trade was a 4.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.60% of the company's stock.

BWX Technologies Company Profile

BWX Technologies, Inc NYSE: BWXT is a specialty manufacturer and services provider focused on nuclear technology. The company designs and manufactures nuclear reactors, reactor components, nuclear fuel and related equipment, with a major emphasis on highly engineered systems used in naval and commercial applications.

BWXT is a key supplier to the U.S. government, supporting the U.S. Navy's nuclear-powered aircraft carriers and submarines through reactor design, component manufacturing, fuel production, maintenance and life-cycle services.

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