Chevy Chase Trust Holdings LLC Boosts Stock Holdings in BWX Technologies, Inc. $BWXT

Key Points

• Chevy Chase Trust Holdings LLC increased its stake in BWX Technologies by 403.3% in Q2, owning 463,919 shares valued at $66.8 million at the end of the reporting period.
• Insider trades revealed that CEO Rex D. Geveden sold 25,000 shares for approximately $4.5 million, reducing his ownership by 11.23%.
• Analysts have a consensus rating of "Moderate Buy" on BWX Technologies, with an average target price of $168.08, following a recent earnings report that surpassed expectations.

Chevy Chase Trust Holdings LLC raised its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 403.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 463,919 shares of the technology company's stock after buying an additional 371,748 shares during the period. Chevy Chase Trust Holdings LLC owned about 0.51% of BWX Technologies worth $66,832,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in BWXT. Valeo Financial Advisors LLC boosted its position in BWX Technologies by 33,572.0% during the second quarter. Valeo Financial Advisors LLC now owns 1,517,599 shares of the technology company's stock valued at $2,228,000 after buying an additional 1,513,092 shares during the period. T. Rowe Price Investment Management Inc. boosted its position in BWX Technologies by 19.7% during the first quarter. T. Rowe Price Investment Management Inc. now owns 4,503,679 shares of the technology company's stock valued at $444,288,000 after buying an additional 741,282 shares during the period. Westwood Holdings Group Inc. boosted its position in BWX Technologies by 279.0% during the first quarter. Westwood Holdings Group Inc. now owns 958,563 shares of the technology company's stock valued at $94,562,000 after buying an additional 705,648 shares during the period. Blair William & Co. IL boosted its position in BWX Technologies by 84.3% during the first quarter. Blair William & Co. IL now owns 782,991 shares of the technology company's stock valued at $77,242,000 after buying an additional 358,170 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in shares of BWX Technologies by 6,116.6% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 323,326 shares of the technology company's stock valued at $31,896,000 after acquiring an additional 318,125 shares during the last quarter. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at BWX Technologies

In related news, CEO Rex D. Geveden sold 25,000 shares of the stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $179.00, for a total value of $4,475,000.00. Following the completion of the transaction, the chief executive officer directly owned 197,594 shares of the company's stock, valued at $35,369,326. This represents a 11.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Leland D. Melvin sold 600 shares of the stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $178.26, for a total transaction of $106,956.00. Following the completion of the transaction, the director directly owned 5,579 shares of the company's stock, valued at approximately $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. Insiders sold 29,953 shares of company stock valued at $5,359,758 in the last three months. Corporate insiders own 0.47% of the company's stock.

Analyst Ratings Changes

Several equities 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. William Blair reaffirmed an "outperform" rating on shares of BWX Technologies in a research note on Wednesday, September 17th. Bank of America upped their price objective on shares of BWX Technologies from $155.00 to $220.00 and gave the company a "buy" rating in a research note on Wednesday, August 13th. Wedbush reaffirmed an "outperform" rating on shares of BWX Technologies in a research note on Wednesday, October 1st. Finally, Truist Financial upped their price objective on shares of BWX Technologies from $145.00 to $173.00 and gave the company a "hold" rating in a research note on Wednesday. Three research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, BWX Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $168.08.

BWX Technologies Price Performance

BWXT stock opened at $209.06 on Friday. BWX Technologies, Inc. has a 1 year low of $84.21 and a 1 year high of $214.72. The company has a market cap of $19.11 billion, a P/E ratio of 65.33, a PEG ratio of 4.05 and a beta of 0.78. The firm has a 50-day moving average of $176.33 and a 200 day moving average of $143.15. 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 (NYSE:BWXT - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $708.00 million. During the same period in the prior year, the firm earned $0.82 earnings per share. BWX Technologies's revenue was up 12.1% on a year-over-year basis. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. On average, sell-side analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Announces Dividend

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