Oak Family Advisors LLC Sells 6,244 Shares of BWX Technologies, Inc. $BWXT

Key Points

• Oak Family Advisors LLC has reduced its stake in BWX Technologies by 11.6%, selling 6,244 shares and leaving them with 47,752 shares valued at approximately $6.88 million.
• Several institutional investors have increased their positions in BWX Technologies, with T. Rowe Price raising its holdings by 19.7% and Westwood Holdings Group increasing theirs by an impressive 279.0%.
• BWX Technologies recently reported earnings per share (EPS) of $1.02, exceeding analysts’ expectations, and also announced a quarterly dividend of $0.25, reflecting a 0.5% yield.

Oak Family Advisors LLC cut its position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 11.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 47,752 shares of the technology company's stock after selling 6,244 shares during the quarter. BWX Technologies makes up approximately 2.2% of Oak Family Advisors LLC's investment portfolio, making the stock its 13th largest holding. Oak Family Advisors LLC owned about 0.05% of BWX Technologies worth $6,879,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in BWXT. T. Rowe Price Investment Management Inc. raised its holdings in BWX Technologies by 19.7% in the first 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. Westwood Holdings Group Inc. grew its stake in shares of BWX Technologies by 279.0% during the first quarter. Westwood Holdings Group Inc. now owns 958,563 shares of the technology company's stock worth $94,562,000 after acquiring an additional 705,648 shares during the last quarter. Blair William & Co. IL grew its stake in shares of BWX Technologies by 84.3% during the first quarter. Blair William & Co. IL now owns 782,991 shares of the technology company's stock worth $77,242,000 after acquiring an additional 358,170 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of BWX Technologies by 6,116.6% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 323,326 shares of the technology company's stock worth $31,896,000 after acquiring an additional 318,125 shares during the last quarter. Finally, Nikko Asset Management Americas Inc. purchased a new stake in shares of BWX Technologies during the first quarter worth about $31,318,000. 94.39% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other BWX Technologies news, Director Leland D. Melvin sold 600 shares of the company's 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 completion of the sale, the director directly owned 5,579 shares in the company, valued at $994,512.54. This represents a 9.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rex D. Geveden sold 25,000 shares of the company's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $179.00, for a total value of $4,475,000.00. Following the completion of the sale, the chief executive officer owned 197,594 shares of the company's stock, valued at approximately $35,369,326. The trade was a 11.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,953 shares of company stock valued at $5,359,758 in the last quarter. Corporate insiders own 0.47% of the company's stock.

Analysts Set New Price Targets

BWXT has been the topic of a number of research analyst reports. Bank of America boosted their price target on BWX Technologies from $155.00 to $220.00 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $150.00 target price (up previously from $119.00) on shares of BWX Technologies in a report on Tuesday, July 8th. Truist Financial set a $145.00 price target on BWX Technologies and gave the company a "hold" rating in a report on Tuesday, August 5th. Northland Capmk raised BWX Technologies to a "strong-buy" rating in a research note on Tuesday, September 9th. Finally, Maxim Group reaffirmed a "hold" rating on shares of BWX Technologies in a research note on Wednesday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $160.83.

BWX Technologies Stock Up 0.8%

Shares of NYSE:BWXT opened at $182.05 on Tuesday. The company has a quick ratio of 1.60, a current ratio of 1.69 and a debt-to-equity ratio of 1.28. The business has a fifty day moving average of $166.34 and a two-hundred day moving average of $135.28. The stock has a market cap of $16.64 billion, a P/E ratio of 56.89, a PEG ratio of 4.09 and a beta of 0.75. BWX Technologies, Inc. has a 52-week low of $84.21 and a 52-week high of $189.25.

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 (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.23. The company 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 firm's quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.82 EPS. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. On average, research analysts expect that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Announces Dividend

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