Harbor Capital Advisors Inc. Has $10.88 Million Holdings in BWX Technologies, Inc. $BWXT

Key Points

• Harbor Capital Advisors Inc. has reduced its holdings in BWX Technologies by 28.4%, now owning approximately $10.88 million worth of shares after selling nearly 30,000 shares.
• BWX Technologies reported a quarterly earnings per share (EPS) of $1.02, exceeding analysts' estimates of $0.79, alongside a year-over-year revenue increase of 12.1%.
• The company announced a quarterly dividend of $0.25, translating to an annualized payout of $1.00 and a dividend yield of 0.6%.

Harbor Capital Advisors Inc. decreased its position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 28.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,513 shares of the technology company's stock after selling 29,994 shares during the quarter. Harbor Capital Advisors Inc. owned about 0.08% of BWX Technologies worth $10,878,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Stone House Investment Management LLC purchased a new stake in BWX Technologies in the 1st quarter valued at $31,000. Compass Financial Services Inc purchased a new stake in BWX Technologies in the 1st quarter worth about $33,000. Ameriflex Group Inc. purchased a new stake in BWX Technologies in the 4th quarter worth about $34,000. MassMutual Private Wealth & Trust FSB increased its holdings in BWX Technologies by 200.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 354 shares of the technology company's stock worth $35,000 after acquiring an additional 236 shares during the last quarter. Finally, HHM Wealth Advisors LLC boosted its stake in BWX Technologies by 34.5% in the 1st 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. Institutional investors own 94.39% of the company's stock.

BWX Technologies Stock Up 3.6%

BWX Technologies stock opened at $174.33 on Tuesday. 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 stock has a fifty day moving average of $158.87 and a 200 day moving average of $129.89. The stock has a market cap of $15.93 billion, a PE ratio of 54.48, a price-to-earnings-growth ratio of 3.81 and a beta of 0.75. BWX Technologies, Inc. has a one year low of $84.21 and a one year high of $189.25.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The technology company reported $1.02 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.23. The business had revenue of $764.00 million during the quarter, compared to analysts' expectations of $708.00 million. BWX Technologies had a return on equity of 30.61% and a net margin of 10.28%.The business's quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.82 earnings per share. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. As a group, sell-side analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Monday, August 18th were paid a $0.25 dividend. The ex-dividend date of this dividend was 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 31.25%.

Insiders Place Their Bets

In other news, SVP Omar Fathi Meguid sold 2,261 shares of the company's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $179.84, for a total value of $406,618.24. Following the completion of the transaction, the senior vice president owned 2,361 shares of the company's stock, valued at $424,602.24. This represents a 48.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Leland D. Melvin sold 600 shares of the stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $178.26, for a total value of $106,956.00. Following 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. In the last ninety days, insiders sold 29,953 shares of company stock worth $5,359,758. 0.47% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have commented on the company. Northland Capmk upgraded BWX Technologies to a "strong-buy" rating in a research note on Tuesday, September 9th. Bank of America raised their price objective on BWX Technologies from $155.00 to $220.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. Wall Street Zen cut BWX Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Northland Securities started coverage on BWX Technologies in a research note on Wednesday, September 10th. They set an "outperform" rating and a $205.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $150.00 price target (up from $119.00) on shares of BWX Technologies in a research report on Tuesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $160.83.

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.

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 and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.