JT Stratford LLC Has $282,000 Stock Position in BWX Technologies, Inc. $BWXT

Key Points

• JT Stratford LLC significantly reduced its stake in BWX Technologies by 69.9% during the first quarter, now holding 2,855 shares valued at approximately $282,000.
• Several institutional investors, such as Westwood Holdings Group Inc. and Balyasny Asset Management L.P., have greatly increased their positions in BWX, with Westwood's stake rising by 279.0% to nearly $95 million.
• BWX Technologies reported a quarterly EPS of $1.02, surpassing analysts' expectations and guiding for an annual EPS of 3.650-3.750 for FY 2025.

JT Stratford LLC lessened its position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 69.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,855 shares of the technology company's stock after selling 6,616 shares during the quarter. JT Stratford LLC's holdings in BWX Technologies were worth $282,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Stone House Investment Management LLC acquired a new stake in shares of BWX Technologies during the first quarter worth $31,000. Ameriflex Group Inc. acquired a new stake in shares of BWX Technologies during the fourth quarter worth $34,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of BWX Technologies by 200.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 354 shares of the technology company's stock worth $35,000 after purchasing an additional 236 shares during the period. HHM Wealth Advisors LLC grew its stake in shares of BWX Technologies by 34.5% during 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. Finally, Vermillion Wealth Management Inc. acquired a new stake in shares of BWX Technologies during the fourth quarter worth $40,000. Institutional investors and hedge funds own 94.39% of the company's stock.

Wall Street Analysts Forecast Growth

BWXT has been the subject of a number of analyst reports. Wall Street Zen cut BWX Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. CLSA reaffirmed an "outperform" rating and set a $177.60 price objective (up previously from $153.00) on shares of BWX Technologies in a research note on Tuesday, May 27th. 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 reaffirmed a "hold" rating on shares of BWX Technologies in a research note on Wednesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $150.00 price objective (up previously from $119.00) on shares of BWX Technologies in a research note on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $154.51.

Insider Activity

In related news, SVP Omar Fathi Meguid sold 2,261 shares of BWX Technologies 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 completion of the sale, the senior vice president directly owned 2,361 shares of the company's stock, valued at approximately $424,602.24. This trade represents a 48.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Leland D. Melvin sold 600 shares of the stock in a transaction on Monday, August 11th. The stock was sold at an average price of $178.26, for a total value of $106,956.00. Following the sale, the director directly owned 5,579 shares in the company, valued at approximately $994,512.54. This trade represents 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 have sold 29,953 shares of company stock worth $5,359,758. 0.47% of the stock is owned by insiders.

BWX Technologies Stock Down 1.3%

BWXT stock traded down $2.2030 during midday trading on Friday, hitting $163.1370. The company's stock had a trading volume of 1,277,712 shares, compared to its average volume of 1,405,280. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.69 and a quick ratio of 1.60. BWX Technologies, Inc. has a twelve month low of $84.21 and a twelve month high of $189.25. The company's fifty day moving average price is $151.64 and its 200 day moving average price is $123.32. The stock has a market capitalization of $14.91 billion, a P/E ratio of 50.98, a PEG ratio of 3.69 and a beta of 0.73.

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

BWX Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Monday, August 18th will be paid a $0.25 dividend. The ex-dividend date is Monday, August 18th. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. BWX Technologies's dividend payout ratio (DPR) is currently 31.25%.

BWX Technologies 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.