Cascade Investment Advisors Inc. Makes New Investment in BWX Technologies, Inc. $BWXT

Key Points

• Cascade Investment Advisors Inc. has acquired a new position in BWX Technologies, Inc., purchasing 8,980 shares valued at approximately $1.29 million during the second quarter.
• Analyst ratings for BWX Technologies include three 'Strong Buy', six 'Buy', four 'Hold', and one 'Sell', with a consensus target price of $164.58.
• CEO Rex D. Geveden sold 25,000 shares of BWX Technologies stock for approximately $4.48 million, representing an 11.23% decrease in his ownership.

Cascade Investment Advisors Inc. purchased a new position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,980 shares of the technology company's stock, valued at approximately $1,294,000.

A number of other large investors also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC lifted its stake 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 in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in BWX Technologies during the second quarter worth $38,547,000. CWM LLC lifted its stake 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 in the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in BWX Technologies by 12.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 8,909 shares of the technology company's stock worth $1,283,000 after purchasing an additional 978 shares in the last quarter. Finally, Concurrent Investment Advisors LLC lifted its stake in BWX Technologies by 8.5% during the second quarter. Concurrent Investment Advisors LLC now owns 6,925 shares of the technology company's stock worth $998,000 after purchasing an additional 544 shares in the last quarter. 94.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BWXT. Wedbush reiterated an "outperform" rating on shares of BWX Technologies in a research note on Wednesday, October 1st. Maxim Group reiterated a "hold" rating on shares of BWX Technologies in a research note on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft set a $180.00 price objective on BWX Technologies and gave the company a "hold" rating in a research note on Wednesday. William Blair reiterated an "outperform" rating on shares of BWX Technologies in a research note on Wednesday, September 17th. Finally, Truist Financial set a $145.00 price objective on BWX Technologies and gave the company a "hold" rating in a research note on Tuesday, August 5th. Three analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, BWX Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $164.58.

Insider Transactions at BWX Technologies

In other BWX Technologies news, CEO Rex D. Geveden sold 25,000 shares of the firm's stock in a transaction dated 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 owned 197,594 shares of the company's stock, valued at approximately $35,369,326. This trade represents a 11.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through 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 stock was sold at an average price of $177.43, for a total value of $371,183.56. Following the transaction, the senior vice president directly owned 10,149 shares in the company, valued at approximately $1,800,737.07. The trade was a 17.09% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,953 shares of company stock worth $5,359,758. 0.47% of the stock is owned by company insiders.

BWX Technologies Stock Performance

NYSE:BWXT opened at $190.00 on Monday. The firm has a market capitalization of $17.37 billion, a PE ratio of 59.38, a price-to-earnings-growth ratio of 3.78 and a beta of 0.78. The business's fifty day moving average price is $173.96 and its 200 day moving average price is $140.85. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.69 and a quick ratio of 1.60. BWX Technologies, Inc. has a 12 month low of $84.21 and a 12 month high of $199.72.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its earnings results on Monday, August 4th. The technology company reported $1.02 EPS for the quarter, beating the consensus estimate 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 return on equity of 30.61% and a net margin of 10.28%.BWX Technologies's revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.82 earnings per share. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. On average, sell-side analysts anticipate that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 5th. Investors 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 of this dividend was Monday, August 18th. BWX Technologies's dividend payout ratio is 31.25%.

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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