Mutual of America Capital Management LLC Has $6.55 Million Stock Position in BWX Technologies, Inc. $BWXT

Key Points

• Mutual of America Capital Management LLC reduced its holdings in BWX Technologies by 3.5%, now owning 45,434 shares valued at approximately $6.55 million.
• Insider transactions included CEO Rex D. Geveden selling 25,000 shares for $4.48 million, marking an 11.23% decrease in his ownership.
• BWX Technologies reported a strong quarterly performance with $1.02 EPS, exceeding estimates, and announced a $0.25 quarterly dividend providing a yield of 0.5%.

Mutual of America Capital Management LLC lowered its position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 3.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 45,434 shares of the technology company's stock after selling 1,630 shares during the quarter. Mutual of America Capital Management LLC's holdings in BWX Technologies were worth $6,545,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position 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 worth $927,733,000 after acquiring an additional 192,363 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its stake in shares of 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 worth $444,288,000 after purchasing 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 in the last quarter. 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 in the last quarter. 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 in the last quarter. Institutional investors and hedge funds own 94.39% of the company's stock.

Insider Transactions at BWX Technologies

In other news, CEO Rex D. Geveden sold 25,000 shares of the firm's 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 directly owned 197,594 shares in the company, valued at $35,369,326. This trade represents a 11.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Omar Fathi Meguid sold 2,261 shares of the firm'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 transaction, the senior vice president owned 2,361 shares of the company's stock, valued at $424,602.24. This trade represents a 48.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,953 shares of company stock valued at $5,359,758 over the last three months. Company insiders own 0.47% of the company's stock.

BWX Technologies Stock Performance

BWXT opened at $208.05 on Tuesday. The firm has a market cap of $19.02 billion, a P/E ratio of 65.02, a price-to-earnings-growth ratio of 4.03 and a beta of 0.78. BWX Technologies, Inc. has a 52-week low of $84.21 and a 52-week high of $214.72. 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 business's fifty day moving average is $177.41 and its 200-day moving average is $145.32.

BWX Technologies (NYSE:BWXT - Get Free Report) last released its 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 company had revenue of $764.00 million for 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%.BWX Technologies's quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.82 EPS. 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 company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Monday, August 18th were given a $0.25 dividend. The ex-dividend date was Monday, August 18th. This represents a $1.00 annualized dividend and a yield of 0.5%. BWX Technologies's dividend payout ratio (DPR) is currently 31.25%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BWXT. Wall Street Zen cut BWX Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Deutsche Bank Aktiengesellschaft set a $180.00 price objective on BWX Technologies and gave the stock a "hold" rating in a research note on Wednesday, October 8th. Wedbush reiterated an "outperform" rating on shares of BWX Technologies in a research note on Wednesday, October 1st. Zacks Research upgraded BWX Technologies from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 7th. Finally, Northland Capmk upgraded BWX Technologies to a "strong-buy" rating in a research note on Tuesday, September 9th. Three 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 given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $168.08.

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.

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