BWX Technologies, Inc. $BWXT Shares Sold by Rafferty Asset Management LLC

Key Points

• Rafferty Asset Management LLC reduced its holdings in BWX Technologies by 11.0% in the first quarter, with a current valuation of $2.24 million.
• Several institutional investors increased their positions in BWX Technologies, with Jump Financial LLC raising its stake by 901.4% during the same period.
• Analysts have lifted price targets for BWX Technologies, with Bank of America increasing its target from $155.00 to $220.00 and maintaining a "buy" rating.

Rafferty Asset Management LLC trimmed its position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 11.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,695 shares of the technology company's stock after selling 2,803 shares during the period. Rafferty Asset Management LLC's holdings in BWX Technologies were worth $2,239,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BWXT. Stone House Investment Management LLC purchased a new position in BWX Technologies in the 1st quarter valued at about $31,000. Ameriflex Group Inc. purchased a new position in shares of BWX Technologies during the 4th quarter worth about $34,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of BWX Technologies by 200.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 354 shares of the technology company's stock worth $35,000 after acquiring an additional 236 shares during the period. HHM Wealth Advisors LLC lifted its holdings in shares of BWX Technologies by 34.5% during the 1st quarter. HHM Wealth Advisors LLC now owns 390 shares of the technology company's stock worth $38,000 after acquiring an additional 100 shares during the period. Finally, Vermillion Wealth Management Inc. purchased a new position in shares of BWX Technologies during the 4th quarter worth about $40,000. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BWXT has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $150.00 price objective (up from $119.00) on shares of BWX Technologies in a report on Tuesday, July 8th. Maxim Group reiterated a "hold" rating on shares of BWX Technologies in a report on Wednesday, August 6th. William Blair restated an "outperform" rating on shares of BWX Technologies in a report on Wednesday, June 18th. Bank of America lifted their price target on shares of BWX Technologies from $155.00 to $220.00 and gave the company a "buy" rating in a research report on Wednesday, August 13th. Finally, Truist Financial set a $145.00 price target on shares of BWX Technologies and gave the company a "hold" rating in a research report on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $154.51.

BWX Technologies Stock Up 0.4%

Shares of BWXT traded up $0.60 during mid-day trading on Wednesday, reaching $160.63. 1,015,006 shares of the stock traded hands, compared to its average volume of 1,126,825. The firm has a market cap of $14.68 billion, a price-to-earnings ratio of 50.20, a P/E/G ratio of 3.67 and a beta of 0.75. The stock has a fifty day simple moving average of $154.77 and a 200 day simple moving average of $125.87. BWX Technologies, Inc. has a 12-month low of $84.21 and a 12-month high of $189.25. 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 posted its quarterly earnings data on Monday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 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 quarter last year, the firm posted $0.82 earnings per share. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Monday, August 18th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Monday, August 18th. BWX Technologies's payout ratio is 31.25%.

Insider Activity at BWX Technologies

In related news, CEO Rex D. Geveden sold 25,000 shares of BWX Technologies 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 in the company, valued at approximately $35,369,326. The trade was a 11.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Leland D. Melvin sold 600 shares of BWX Technologies stock in a transaction on Monday, August 11th. The stock was 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 approximately $994,512.54. This represents a 9.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,953 shares of company stock worth $5,359,758 in the last ninety days. 0.47% of the stock is currently owned by corporate insiders.

BWX Technologies Company 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.