Driehaus Capital Management LLC Sells 75,467 Shares of BWX Technologies, Inc. $BWXT

Key Points

• Driehaus Capital Management LLC reduced its holdings in BWX Technologies, Inc. by 43.4%, selling 75,467 shares to own 98,391 shares worth $9.7 million as of the latest SEC filing.
• Research analysts have varying ratings on BWX Technologies, with a consensus rating of "Moderate Buy" and an average price target of $154.51.
• BWX Technologies announced a quarterly dividend of $0.25 per share, resulting in an annualized yield of 0.6%, with a payout ratio of 31.25%.

Driehaus Capital Management LLC trimmed its holdings in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 43.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 98,391 shares of the technology company's stock after selling 75,467 shares during the period. Driehaus Capital Management LLC owned 0.11% of BWX Technologies worth $9,706,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Utah Retirement Systems lifted its position in shares of BWX Technologies by 2.1% in the fourth quarter. Utah Retirement Systems now owns 4,900 shares of the technology company's stock worth $546,000 after buying an additional 100 shares during the last quarter. HHM Wealth Advisors LLC lifted 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 buying an additional 100 shares during the last quarter. Gateway Investment Advisers LLC lifted 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 buying an additional 121 shares during the last quarter. Mesirow Financial Investment Management Inc. lifted its position in shares of BWX Technologies by 3.3% in the first quarter. Mesirow Financial Investment Management Inc. now owns 4,186 shares of the technology company's stock worth $413,000 after buying an additional 132 shares during the last quarter. Finally, Avantax Advisory Services Inc. lifted its position in shares of BWX Technologies by 2.0% in the first quarter. Avantax Advisory Services Inc. now owns 7,136 shares of the technology company's stock worth $704,000 after buying an additional 141 shares during the last quarter. 94.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BWXT has been the topic of a number of recent analyst reports. Truist Financial set a $145.00 price objective on BWX Technologies and gave the stock a "hold" rating in a research note on Tuesday, August 5th. Maxim Group reiterated a "hold" rating on shares of BWX Technologies in a research note on Wednesday, August 6th. Bank of America lifted their price objective on BWX Technologies from $155.00 to $220.00 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. CLSA reiterated an "outperform" rating and issued a $177.60 price objective (up from $153.00) on shares of BWX Technologies in a research note on Tuesday, May 27th. Finally, William Blair reiterated an "outperform" rating on shares of BWX Technologies in a research note on Wednesday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $154.51.

Insiders Place Their Bets

In related news, SVP Omar Fathi Meguid sold 2,261 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $179.84, for a total transaction of $406,618.24. Following the sale, the senior vice president directly owned 2,361 shares in the company, valued at $424,602.24. This represents a 48.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $177.43, for a total value of $371,183.56. Following the sale, the senior vice president owned 10,149 shares in the company, valued at approximately $1,800,737.07. This trade represents a 17.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,953 shares of company stock valued at $5,359,758 in the last 90 days. Insiders own 0.47% of the company's stock.

BWX Technologies Stock Performance

Shares of NYSE:BWXT traded up $0.60 during trading on Wednesday, hitting $160.63. 1,015,006 shares of the stock were exchanged, compared to its average volume of 1,126,825. BWX Technologies, Inc. has a 1-year low of $84.21 and a 1-year high of $189.25. The company has a market capitalization of $14.68 billion, a price-to-earnings ratio of 50.20, a price-to-earnings-growth ratio of 3.67 and a beta of 0.75. The company's fifty day simple moving average is $154.77 and its 200-day simple moving average is $125.87. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.60 and a current ratio of 1.69.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The technology company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.23. BWX Technologies had a return on equity of 30.61% and a net margin of 10.28%.The company had revenue of $764.00 million for the quarter, compared to analyst estimates of $708.00 million. During the same quarter last year, the firm earned $0.82 EPS. BWX Technologies's revenue for the quarter was up 12.1% compared to the same quarter last year. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. Sell-side analysts expect 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 will be paid on Friday, September 5th. Stockholders of record on Monday, August 18th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, August 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. BWX Technologies's dividend payout ratio is presently 31.25%.

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.