Comerica Bank Has $5.54 Million Holdings in BWX Technologies, Inc. $BWXT

Key Points

• Comerica Bank trimmed its stake in BWX Technologies by 16.2% to 32,032 shares worth $5.54 million, while big funds like Alkeon and Invesco dramatically increased holdings, leaving institutional investors with 94.39% ownership.
• Insider selling accelerated: CEO Rex Geveden sold 10,000 shares for $2.03 million (a 5.33% cut to his stake), and insiders have sold 13,327 shares in the past 90 days, now owning 0.60% of the stock.
• Fundamentals and outlook: BWXT beat quarterly estimates (EPS $1.08 vs. $0.91; revenue $885.8M, +18.7% Y/Y), issued FY2026 EPS guidance of 4.55–4.70, has an average analyst target of $207.60 ("Moderate Buy"), and raised its quarterly dividend to $0.27.

Comerica Bank lessened its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 16.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,032 shares of the technology company's stock after selling 6,173 shares during the period. Comerica Bank's holdings in BWX Technologies were worth $5,536,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in BWXT. Alkeon Capital Management LLC grew its position in shares of BWX Technologies by 163.0% during the 3rd quarter. Alkeon Capital Management LLC now owns 1,578,048 shares of the technology company's stock worth $290,945,000 after purchasing an additional 978,000 shares in the last quarter. Invesco Ltd. grew its position in shares of BWX Technologies by 60.1% during the 3rd quarter. Invesco Ltd. now owns 2,549,150 shares of the technology company's stock worth $469,987,000 after purchasing an additional 956,770 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of BWX Technologies during the 3rd quarter worth approximately $163,969,000. Select Equity Group L.P. acquired a new stake in shares of BWX Technologies during the 2nd quarter worth approximately $68,902,000. Finally, Orion Porfolio Solutions LLC boosted its position in shares of BWX Technologies by 1,353.1% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 363,757 shares of the technology company's stock worth $52,403,000 after acquiring an additional 338,723 shares in the last quarter. Institutional investors and hedge funds own 94.39% of the company's stock.

Insider Activity

In other news, CEO Rex D. Geveden sold 10,000 shares of the firm's stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $203.26, for a total transaction of $2,032,600.00. Following the completion of the transaction, the chief executive officer owned 177,594 shares of the company's stock, valued at approximately $36,097,756.44. This trade represents a 5.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Kevin James Gorman sold 1,344 shares of the firm's stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $214.71, for a total transaction of $288,570.24. Following the transaction, the chief accounting officer directly owned 114 shares of the company's stock, valued at $24,476.94. The trade was a 92.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 13,327 shares of company stock valued at $2,734,844. Insiders own 0.60% of the company's stock.

Analysts Set New Price Targets

BWXT has been the topic of several analyst reports. TD Securities initiated coverage on shares of BWX Technologies in a research report on Thursday, March 12th. They set a "buy" rating and a $230.00 price target on the stock. Weiss Ratings upgraded shares of BWX Technologies from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, February 25th. Wells Fargo & Company initiated coverage on shares of BWX Technologies in a research report on Wednesday, April 1st. They set an "underweight" rating and a $200.00 price target on the stock. Wall Street Zen lowered shares of BWX Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, February 28th. Finally, BTIG Research increased their price target on shares of BWX Technologies from $225.00 to $235.00 and gave the stock a "buy" rating in a research report on Thursday, February 26th. Three research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, BWX Technologies has an average rating of "Moderate Buy" and an average target price of $207.60.

BWX Technologies Price Performance

BWXT stock opened at $216.37 on Friday. The company has a fifty day moving average price of $212.42 and a 200-day moving average price of $199.56. The company has a market capitalization of $19.82 billion, a P/E ratio of 60.61, a PEG ratio of 3.74 and a beta of 0.78. BWX Technologies, Inc. has a 52-week low of $102.42 and a 52-week high of $241.82. The company has a debt-to-equity ratio of 1.64, a quick ratio of 2.25 and a current ratio of 2.32.

BWX Technologies (NYSE:BWXT - Get Free Report) last released its quarterly earnings results on Monday, February 23rd. The technology company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.17. The firm had revenue of $885.84 million during the quarter, compared to the consensus estimate of $837.47 million. BWX Technologies had a net margin of 10.28% and a return on equity of 30.94%. The company's revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.92 earnings per share. BWX Technologies has set its FY 2026 guidance at 4.550-4.700 EPS. As a group, equities analysts expect that BWX Technologies, Inc. will post 4.6 EPS for the current year.

BWX Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Wednesday, March 11th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, March 11th. This is an increase from BWX Technologies's previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 0.5%. BWX Technologies's payout ratio is 30.25%.

BWX Technologies Profile

BWX Technologies, Inc NYSE: BWXT is a specialized supplier of nuclear components and services, primarily serving the U.S. government and commercial markets. The company's core expertise lies in the design, fabrication and servicing of nuclear propulsion systems for the U.S. Navy, where it supports the maintenance and overhaul of naval nuclear reactors. In addition to defense applications, BWXT develops small modular reactors (SMRs), nuclear fuel and related technologies for non‐defense power generation, offering scalable solutions to meet evolving energy and industrial demands.

Beyond propulsion and power systems, BWXT is a leading producer of medical radioisotopes used in diagnostic imaging and cancer treatment.

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 reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.