Pacific Capital Partners Ltd Sells 3,750 Shares of BWX Technologies, Inc. $BWXT

Key Points

• Pacific Capital Partners Ltd cut its stake in BWX Technologies by 30%, selling 3,750 shares, and now holds 8,750 shares valued at approximately $1.26 million.
• BWX Technologies reported earnings of $1.02 per share for the last quarter, surpassing expectations by $0.23, with revenue of $764 million, which was also above analyst predictions.
• The company declared a quarterly dividend of $0.25 per share, with a dividend yield of 0.6% and a payout ratio of 31.25%.

Pacific Capital Partners Ltd cut its stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 30.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,750 shares of the technology company's stock after selling 3,750 shares during the quarter. Pacific Capital Partners Ltd's holdings in BWX Technologies were worth $1,261,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Stone House Investment Management LLC bought a new stake in shares of BWX Technologies in the 1st quarter valued at about $31,000. Compass Financial Services Inc bought a new stake in shares of BWX Technologies in the 1st quarter valued at about $33,000. Ameriflex Group Inc. bought a new stake in shares of BWX Technologies in the 4th quarter valued at about $34,000. MassMutual Private Wealth & Trust FSB increased its stake in shares of BWX Technologies by 200.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 354 shares of the technology company's stock valued at $35,000 after acquiring an additional 236 shares during the last quarter. Finally, HHM Wealth Advisors LLC increased its stake in shares of BWX Technologies by 34.5% in the 1st quarter. HHM Wealth Advisors LLC now owns 390 shares of the technology company's stock valued at $38,000 after acquiring an additional 100 shares during the last quarter. 94.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BWXT has been the subject of a number of recent analyst reports. Northland Capmk raised BWX Technologies to a "strong-buy" rating in a research note on Tuesday, September 9th. CLSA reissued an "outperform" rating and set a $177.60 target price (up from $153.00) on shares of BWX Technologies in a research note on Tuesday, May 27th. Wall Street Zen cut BWX Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Northland Securities initiated coverage on BWX Technologies in a research note on Wednesday. They set an "outperform" rating and a $205.00 target price for the company. Finally, Truist Financial set a $145.00 target price on BWX Technologies and gave the stock a "hold" rating in a research note on Tuesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, BWX Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $160.83.

BWX Technologies Price Performance

Shares of BWXT opened at $168.54 on Friday. The stock has a market capitalization of $15.40 billion, a P/E ratio of 52.67, a P/E/G ratio of 3.85 and a beta of 0.75. BWX Technologies, Inc. has a twelve month low of $84.21 and a twelve month high of $189.25. The company has a 50 day moving average of $158.26 and a 200-day moving average of $129.20. The company has a quick ratio of 1.60, a current ratio of 1.69 and a debt-to-equity ratio of 1.28.

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 for the quarter, topping 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 net margin of 10.28% and a return on equity of 30.61%. The business's quarterly revenue was up 12.1% on a year-over-year basis. During the same period last 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 forecast that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Monday, August 18th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, August 18th. BWX Technologies's dividend payout ratio (DPR) is currently 31.25%.

Insider Buying and Selling at BWX Technologies

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

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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