Demars Financial Group LLC Reduces Stake in BWX Technologies, Inc. $BWXT

Key Points

• Demars Financial Group LLC reduced its stake in BWX Technologies by 99.2%, now holding only 35,748 shares after selling 4,260,436 shares.
• Several major institutional investors, including Vanguard Group and T. Rowe Price, have increased their stakes in BWX Technologies, indicating continued interest in the company.
• BWX Technologies reported a better-than-expected earnings per share of $1.02 for the last quarter, surpassing analysts' predictions of $0.79.

Demars Financial Group LLC cut its stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 99.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,748 shares of the technology company's stock after selling 4,260,436 shares during the period. BWX Technologies comprises approximately 2.0% of Demars Financial Group LLC's investment portfolio, making the stock its 8th largest holding. Demars Financial Group LLC's holdings in BWX Technologies were worth $5,150,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in BWX Technologies by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 9,404,287 shares of the technology company's stock valued at $927,733,000 after acquiring an additional 192,363 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in BWX Technologies by 19.7% during the 1st 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 acquiring an additional 741,282 shares in the last quarter. Valeo Financial Advisors LLC raised its stake in shares of BWX Technologies by 33,572.0% during the 2nd quarter. Valeo Financial Advisors LLC now owns 1,517,599 shares of the technology company's stock worth $2,228,000 after purchasing an additional 1,513,092 shares during the period. William Blair Investment Management LLC raised its stake in shares of BWX Technologies by 523.2% during the 2nd quarter. William Blair Investment Management LLC now owns 1,517,356 shares of the technology company's stock worth $218,590,000 after purchasing an additional 1,273,895 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of BWX Technologies by 11.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,211,624 shares of the technology company's stock worth $119,522,000 after purchasing an additional 128,791 shares during the period. 94.39% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other BWX Technologies news, CEO Rex D. Geveden sold 25,000 shares of BWX Technologies 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 completion of the transaction, the chief executive officer owned 197,594 shares of the company's stock, valued at $35,369,326. The trade was a 11.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Omar Fathi Meguid sold 2,261 shares of BWX Technologies 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 transaction, the senior vice president directly owned 2,361 shares of the company's stock, valued at $424,602.24. The trade was a 48.92% 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 over the last quarter. 0.47% of the stock is owned by corporate insiders.

BWX Technologies Stock Down 2.9%

BWXT stock opened at $202.92 on Monday. The company has a quick ratio of 1.60, a current ratio of 1.69 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $18.55 billion, a PE ratio of 63.41, a PEG ratio of 4.03 and a beta of 0.78. BWX Technologies, Inc. has a twelve month low of $84.21 and a twelve month high of $214.72. The stock has a 50-day simple moving average of $176.80 and a two-hundred day simple moving average of $144.49.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its earnings results on Monday, August 4th. The technology company reported $1.02 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.23. The business had revenue of $764.00 million during 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%.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 EPS. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. On average, equities analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Monday, August 18th were issued a dividend of $0.25 per share. 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 payout ratio is presently 31.25%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on BWXT shares. Wedbush reiterated an "outperform" rating on shares of BWX Technologies in a research note on Wednesday, October 1st. Bank of America lifted their target price on BWX Technologies from $155.00 to $220.00 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. William Blair reiterated an "outperform" rating on shares of BWX Technologies in a research note on Wednesday, September 17th. Weiss Ratings cut BWX Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft set a $180.00 target price on BWX Technologies and gave the stock a "hold" rating in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $168.08.

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.

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