Callan Family Office LLC Has $1.17 Million Stake in BWX Technologies, Inc. $BWXT

Key Points

• Callan Family Office LLC increased its stake in BWX Technologies, Inc. by 35.2% in the second quarter, holding 8,141 shares valued at approximately $1.17 million.
• Several hedge funds have also significantly increased their positions in BWX Technologies, with institutional investors now owning 94.39% of the company's stock.
• Analysts have given BWX Technologies a consensus rating of "Moderate Buy" with a price target averaging $164.58, reflecting strong confidence in its future performance.

Callan Family Office LLC grew its position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 35.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,141 shares of the technology company's stock after purchasing an additional 2,121 shares during the quarter. Callan Family Office LLC's holdings in BWX Technologies were worth $1,173,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Park Avenue Securities LLC lifted its holdings in BWX Technologies by 11.4% in the first quarter. Park Avenue Securities LLC now owns 5,508 shares of the technology company's stock valued at $543,000 after buying an additional 563 shares during the period. Farther Finance Advisors LLC grew its holdings in BWX Technologies by 109.6% during the 1st quarter. Farther Finance Advisors LLC now owns 459 shares of the technology company's stock worth $46,000 after acquiring an additional 240 shares during the period. Fifth Third Bancorp raised its position in shares of BWX Technologies by 9.8% in the 1st quarter. Fifth Third Bancorp now owns 3,136 shares of the technology company's stock worth $309,000 after acquiring an additional 279 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of BWX Technologies by 343.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 33,063 shares of the technology company's stock valued at $3,262,000 after purchasing an additional 25,615 shares during the period. Finally, Vaughan Nelson Investment Management L.P. boosted its position in shares of BWX Technologies by 13.9% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 555,300 shares of the technology company's stock valued at $54,782,000 after purchasing an additional 67,670 shares in the last quarter. Institutional investors own 94.39% of the company's stock.

Analyst Upgrades and Downgrades

BWXT has been the subject of several recent analyst reports. Northland Securities assumed coverage on BWX Technologies in a research note on Wednesday, September 10th. They set an "outperform" rating and a $205.00 target price for the company. Northland Capmk raised shares of BWX Technologies to a "strong-buy" rating in a research report on Tuesday, September 9th. Zacks Research upgraded shares of BWX Technologies from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 7th. William Blair reiterated an "outperform" rating on shares of BWX Technologies in a research report on Wednesday, September 17th. Finally, Truist Financial set a $145.00 price target on shares of BWX Technologies and gave the stock a "hold" rating in a report on Tuesday, August 5th. Three equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $164.58.

BWX Technologies Price Performance

BWXT stock opened at $190.00 on Monday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.60 and a current ratio of 1.69. The business has a 50-day simple moving average of $173.96 and a two-hundred day simple moving average of $140.85. The company has a market capitalization of $17.37 billion, a P/E ratio of 59.38, a price-to-earnings-growth ratio of 3.78 and a beta of 0.78. BWX Technologies, Inc. has a 52-week low of $84.21 and a 52-week high of $199.72.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The technology company reported $1.02 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 firm had revenue of $764.00 million during the quarter, compared to the consensus estimate of $708.00 million. During the same period in the prior year, the business posted $0.82 earnings per share. The company'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. Research 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. Stockholders of record on Monday, August 18th were paid a $0.25 dividend. The ex-dividend date 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 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 completion of the sale, the senior vice president owned 2,361 shares in the company, valued at $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 SEC, which is available at this hyperlink. Also, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the firm's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $177.43, for a total transaction of $371,183.56. Following the transaction, the senior vice president directly owned 10,149 shares in the company, valued at $1,800,737.07. The trade was a 17.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,953 shares of company stock worth $5,359,758. 0.47% of the stock is owned by insiders.

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.

Want to see what other hedge funds are holding BWXT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BWX Technologies, Inc. (NYSE:BWXT - Free Report).

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.