New York State Teachers Retirement System Purchases 3,700 Shares of BWX Technologies, Inc. $BWXT

Key Points

• New York State Teachers Retirement System increased its holdings in BWX Technologies by 18.4%, purchasing an additional 3,700 shares, bringing its total shares to 23,800 valued at approximately $3.43 million at the end of the last quarter.
• Insiders, including CEO Rex D. Geveden, have recently sold shares, with Geveden reducing his stake by 11.23% after selling 25,000 shares for around $4.48 million.
• Analysts maintain a consensus rating of "Moderate Buy" for BWX Technologies, with a reported price target of $168.08 following several upgrades and downgrades from different financial institutions.

New York State Teachers Retirement System increased its position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 18.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,800 shares of the technology company's stock after acquiring an additional 3,700 shares during the quarter. New York State Teachers Retirement System's holdings in BWX Technologies were worth $3,429,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of BWXT. Farther Finance Advisors LLC raised its holdings in BWX Technologies by 109.6% in the 1st quarter. Farther Finance Advisors LLC now owns 459 shares of the technology company's stock worth $46,000 after acquiring an additional 240 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in BWX Technologies by 343.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 33,063 shares of the technology company's stock worth $3,262,000 after acquiring an additional 25,615 shares during the period. Blue Trust Inc. raised its holdings in BWX Technologies by 91.5% in the 1st quarter. Blue Trust Inc. now owns 1,042 shares of the technology company's stock worth $103,000 after acquiring an additional 498 shares during the period. Synergy Asset Management LLC bought a new position in BWX Technologies in the 1st quarter worth $296,000. Finally, Chevy Chase Trust Holdings LLC bought a new position in BWX Technologies in the 1st quarter worth $9,093,000. Institutional investors own 94.39% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on BWXT shares. Northland Securities started coverage on shares of BWX Technologies in a report on Wednesday, September 10th. They issued an "outperform" rating and a $205.00 target price on the stock. Maxim Group restated a "hold" rating on shares of BWX Technologies in a report on Wednesday, August 6th. Truist Financial boosted their price objective on shares of BWX Technologies from $145.00 to $173.00 and gave the stock a "hold" rating in a report on Wednesday, October 15th. Wall Street Zen downgraded shares of BWX Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Zacks Research upgraded shares of BWX Technologies from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 7th. Three investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $168.08.

Insider Buying and Selling at BWX Technologies

In other news, CEO Rex D. Geveden sold 25,000 shares of BWX Technologies stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $179.00, for a total transaction of $4,475,000.00. Following the sale, the chief executive officer directly owned 197,594 shares in the company, valued at approximately $35,369,326. The trade was a 11.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Leland D. Melvin sold 600 shares of the business's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $178.26, for a total transaction of $106,956.00. Following the completion of the transaction, the director 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. Insiders have sold a total of 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 Price Performance

Shares of BWX Technologies stock opened at $208.05 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 firm's 50-day simple moving average is $177.41 and its 200-day simple moving average is $145.32. BWX Technologies, Inc. has a twelve month low of $84.21 and a twelve month high of $214.72. 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 (NYSE:BWXT - Get Free Report) last issued its earnings results on Monday, August 4th. The technology company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.23. BWX Technologies had a net margin of 10.28% and a return on equity of 30.61%. The business had revenue of $764.00 million for the quarter, compared to analyst estimates of $708.00 million. During the same period in the previous year, the business earned $0.82 EPS. The firm's revenue was up 12.1% on a year-over-year basis. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. As a group, research analysts expect that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Monday, August 18th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, August 18th. BWX Technologies's payout ratio is 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.

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