Pinnacle Associates Ltd. Sells 9,314 Shares of BWX Technologies, Inc. $BWXT

Key Points

• Pinnacle Associates Ltd. cut its stake in BWX Technologies by 11.4%, selling 9,314 shares and leaving 72,409 shares valued at about $13.35 million.
• Major institutions ramped up exposure—Invesco increased holdings by 139% to 1.59 million shares and firms like Artisan, MFS, Alkeon and Select Equity established large positions, with institutional investors owning 94.39% of the stock.
• BWX posted a quarterly beat (EPS $1.08 vs. $0.91), revenue rose 18.7% year-over-year, management set FY2026 guidance at 4.55–4.70 EPS, and the company raised its quarterly dividend to $0.27.

Pinnacle Associates Ltd. cut its position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 11.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,409 shares of the technology company's stock after selling 9,314 shares during the period. Pinnacle Associates Ltd. owned 0.08% of BWX Technologies worth $13,350,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Artisan Partners Limited Partnership bought a new position in BWX Technologies in the second quarter worth approximately $183,859,000. Invesco Ltd. increased its holdings in shares of BWX Technologies by 139.0% during the second quarter. Invesco Ltd. now owns 1,592,380 shares of the technology company's stock valued at $229,398,000 after acquiring an additional 926,117 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new position in shares of BWX Technologies during the second quarter worth approximately $132,498,000. Alkeon Capital Management LLC bought a new position in shares of BWX Technologies in the 2nd quarter worth $86,443,000. Finally, Select Equity Group L.P. bought a new position in shares of BWX Technologies in the 2nd quarter worth $68,902,000. 94.39% of the stock is owned by institutional investors.

BWX Technologies Trading Up 0.1%

NYSE BWXT opened at $195.65 on Monday. The company has a current ratio of 2.32, a quick ratio of 2.25 and a debt-to-equity ratio of 1.64. The business has a fifty day simple moving average of $201.04 and a 200 day simple moving average of $188.78. BWX Technologies, Inc. has a 12 month low of $84.21 and a 12 month high of $220.57. The firm has a market capitalization of $17.89 billion, a P/E ratio of 54.80, a PEG ratio of 3.19 and a beta of 0.83.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its quarterly earnings data on Monday, February 23rd. The technology company reported $1.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.91 by $0.17. BWX Technologies had a net margin of 10.28% and a return on equity of 30.94%. The firm had revenue of $885.84 million for the quarter, compared to the consensus estimate of $837.47 million. During the same period in the previous year, the firm earned $0.92 EPS. The business's revenue for the quarter was up 18.7% compared to the same quarter last year. BWX Technologies has set its FY 2026 guidance at 4.550-4.700 EPS. On average, analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Wednesday, March 11th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.6%. This is a boost from BWX Technologies's previous quarterly dividend of $0.25. The ex-dividend date is Wednesday, March 11th. BWX Technologies's dividend payout ratio is presently 28.01%.

Wall Street Analysts Forecast Growth

BWXT has been the subject of a number of recent research reports. BNP Paribas Exane assumed coverage on shares of BWX Technologies in a research note on Thursday, January 15th. They set a "neutral" rating and a $215.00 price target for the company. Zacks Research raised shares of BWX Technologies from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 21st. BTIG Research lifted their price objective on shares of BWX Technologies from $225.00 to $235.00 and gave the company a "buy" rating in a report on Thursday, February 26th. Truist Financial set a $205.00 target price on shares of BWX Technologies in a research report on Friday, January 9th. Finally, Wall Street Zen lowered shares of BWX Technologies from a "buy" rating to a "hold" rating in a report on Saturday, February 28th. Three analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, BWX Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $200.45.

Insider Buying and Selling

In other BWX Technologies news, CAO Kevin James Gorman sold 1,344 shares of BWX Technologies stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $214.71, for a total transaction of $288,570.24. Following the transaction, the chief accounting officer owned 114 shares of the company's stock, valued at $24,476.94. This trade represents a 92.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rex D. Geveden sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $203.26, for a total value of $2,032,600.00. Following the completion of the transaction, the chief executive officer owned 177,594 shares in the company, valued at $36,097,756.44. The trade was a 5.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 13,327 shares of company stock worth $2,734,844. 0.47% of the stock is owned by insiders.

BWX Technologies Profile

BWX Technologies, Inc NYSE: BWXT is a specialized supplier of nuclear components and services, primarily serving the U.S. government and commercial markets. The company's core expertise lies in the design, fabrication and servicing of nuclear propulsion systems for the U.S. Navy, where it supports the maintenance and overhaul of naval nuclear reactors. In addition to defense applications, BWXT develops small modular reactors (SMRs), nuclear fuel and related technologies for non‐defense power generation, offering scalable solutions to meet evolving energy and industrial demands.

Beyond propulsion and power systems, BWXT is a leading producer of medical radioisotopes used in diagnostic imaging and cancer treatment.

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