Cooper Financial Group Sells 1,478 Shares of BWX Technologies, Inc. $BWXT

Key Points

• Cooper Financial Group reduced its stake in BWX Technologies, Inc. by 22.5%, selling 1,478 shares during the second quarter, leaving it with 5,095 shares valued at $734,000.
• Insider transactions have seen CEO Rex D. Geveden sell 25,000 shares for approximately $4.47 million, representing a 11.23% decrease in his ownership.
• BWX Technologies recently declared a quarterly dividend of $0.25 per share, with an annualized yield of 0.5% and a dividend payout ratio of 31.25%.

Cooper Financial Group cut its stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 22.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,095 shares of the technology company's stock after selling 1,478 shares during the quarter. Cooper Financial Group's holdings in BWX Technologies were worth $734,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Intrua Financial LLC grew its position in BWX Technologies by 3.9% during the first quarter. Intrua Financial LLC now owns 2,625 shares of the technology company's stock valued at $259,000 after buying an additional 99 shares during the period. HHM Wealth Advisors LLC boosted its position in shares of BWX Technologies by 34.5% in the first quarter. HHM Wealth Advisors LLC now owns 390 shares of the technology company's stock worth $38,000 after purchasing an additional 100 shares during the period. Oakworth Capital Inc. boosted its position in shares of BWX Technologies by 10.0% in the second quarter. Oakworth Capital Inc. now owns 1,105 shares of the technology company's stock worth $159,000 after purchasing an additional 100 shares during the period. UMB Bank n.a. boosted its position in shares of BWX Technologies by 12.7% in the second quarter. UMB Bank n.a. now owns 1,031 shares of the technology company's stock worth $149,000 after purchasing an additional 116 shares during the period. Finally, Gateway Investment Advisers LLC boosted its position in shares of BWX Technologies by 6.0% in the first quarter. Gateway Investment Advisers LLC now owns 2,154 shares of the technology company's stock worth $212,000 after purchasing an additional 121 shares during the period. 94.39% of the stock is currently owned by institutional investors.

Insider Buying and Selling at BWX Technologies

In related news, CEO Rex D. Geveden sold 25,000 shares of the company's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $179.00, for a total transaction of $4,475,000.00. Following the sale, the chief executive officer 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Leland D. Melvin sold 600 shares of the company's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $178.26, for a total transaction of $106,956.00. Following the sale, the director directly owned 5,579 shares in the company, valued at approximately $994,512.54. The trade was a 9.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,953 shares of company stock worth $5,359,758 in the last ninety days. Company insiders own 0.47% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on BWXT shares. Northland Securities started coverage on shares of BWX Technologies in a research report on Wednesday, September 10th. They issued an "outperform" rating and a $205.00 price target for the company. Maxim Group reiterated a "hold" rating on shares of BWX Technologies in a research report on Wednesday, August 6th. William Blair reiterated an "outperform" rating on shares of BWX Technologies in a research report on Wednesday, September 17th. Northland Capmk upgraded shares of BWX Technologies to a "strong-buy" rating in a research report on Tuesday, September 9th. Finally, Wedbush reissued an "outperform" rating on shares of BWX Technologies in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, BWX Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $160.83.

BWX Technologies Price Performance

BWXT stock opened at $187.28 on Thursday. BWX Technologies, Inc. has a one year low of $84.21 and a one year high of $189.25. The company's fifty day moving average price is $168.11 and its 200-day moving average price is $135.98. 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 company has a market capitalization of $17.12 billion, a PE ratio of 58.53, a price-to-earnings-growth ratio of 4.18 and a beta of 0.78.

BWX Technologies (NYSE:BWXT - Get Free Report) last released its earnings results on Monday, August 4th. The technology company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.79 by $0.23. The firm had revenue of $764.00 million for the quarter, compared to the consensus estimate of $708.00 million. BWX Technologies had a net margin of 10.28% and a return on equity of 30.61%. The company's quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.82 earnings per share. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. On average, equities analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Monday, August 18th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. BWX Technologies's dividend payout ratio is presently 31.25%.

About BWX Technologies

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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