BWX Technologies, Inc. $BWXT Stock Holdings Trimmed by Kovitz Investment Group Partners LLC

Key Points

• Kovitz Investment Group Partners LLC reduced its holdings in BWX Technologies by 30.5%, selling 4,965 shares and leaving them with 11,291 shares worth approximately $1.1 million.
• A significant number of institutional investors have increased their stakes in BWX Technologies, with Westwood Holdings Group increasing theirs by 279.0% during the first quarter.
• Wall Street analysts have a generally positive outlook on BWX Technologies, with a consensus price target of $154.51 and ratings ranging from "Strong Buy" to "Sell."

Kovitz Investment Group Partners LLC lessened its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 30.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,291 shares of the technology company's stock after selling 4,965 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in BWX Technologies were worth $1,114,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of BWXT. Mariner LLC grew its stake in BWX Technologies by 5.0% during the 4th quarter. Mariner LLC now owns 13,043 shares of the technology company's stock valued at $1,453,000 after purchasing an additional 619 shares in the last quarter. Guggenheim Capital LLC acquired a new stake in BWX Technologies during the 4th quarter valued at approximately $353,000. Jump Financial LLC grew its stake in BWX Technologies by 71.4% during the 4th quarter. Jump Financial LLC now owns 5,380 shares of the technology company's stock valued at $599,000 after purchasing an additional 2,242 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in BWX Technologies by 359.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 53,700 shares of the technology company's stock valued at $5,982,000 after purchasing an additional 42,000 shares in the last quarter. Finally, MetLife Investment Management LLC grew its stake in BWX Technologies by 8.9% during the 4th quarter. MetLife Investment Management LLC now owns 52,362 shares of the technology company's stock valued at $5,833,000 after purchasing an additional 4,270 shares in the last quarter. Institutional investors and hedge funds own 94.39% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. William Blair reaffirmed an "outperform" rating on shares of BWX Technologies in a report on Wednesday, June 18th. Wall Street Zen downgraded BWX Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Bank of America increased their target price on BWX Technologies from $155.00 to $220.00 and gave the stock a "buy" rating in a report on Wednesday, August 13th. Maxim Group reaffirmed a "hold" rating on shares of BWX Technologies in a report on Wednesday, August 6th. Finally, CLSA reaffirmed an "outperform" rating and set a $177.60 target price (up previously from $153.00) on shares of BWX Technologies in a report on Tuesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, BWX Technologies has an average rating of "Moderate Buy" and an average price target of $154.51.

Insider Buying and Selling

In related news, SVP Omar Fathi Meguid sold 2,261 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $179.84, for a total value of $406,618.24. Following the sale, the senior vice president 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the firm's 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 completion of the sale, the senior vice president directly owned 10,149 shares in the company, valued at approximately $1,800,737.07. This trade represents a 17.09% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,953 shares of company stock worth $5,359,758. Company insiders own 0.47% of the company's stock.

BWX Technologies Stock Performance

Shares of NYSE BWXT traded down $2.2030 during mid-day trading on Friday, hitting $163.1370. The company had a trading volume of 1,277,712 shares, compared to its average volume of 1,405,280. The stock has a market cap of $14.91 billion, a price-to-earnings ratio of 50.98, a PEG ratio of 3.69 and a beta of 0.73. BWX Technologies, Inc. has a 12 month low of $84.21 and a 12 month high of $189.25. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.69 and a quick ratio of 1.60. The firm's 50 day simple moving average is $151.64 and its two-hundred day simple moving average is $123.32.

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

BWX Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Investors 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 annualized dividend and a dividend yield of 0.6%. BWX Technologies's dividend payout ratio (DPR) is 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.