Sapient Capital LLC Reduces Position in BWX Technologies, Inc. $BWXT

Key Points

• Sapient Capital LLC reduced its stake in BWX Technologies by 2.0%, now owning 310,670 shares valued at around $44.76 million, making it the 24th largest position in their portfolio.
• Several institutional investors, including T. Rowe Price and Westwood Holdings, significantly increased their holdings in BWX Technologies during the first quarter, indicating a growing interest in the stock.
• BWX Technologies reported a quarterly EPS of $1.02, surpassing analysts' expectations, with a 12.1% year-over-year revenue increase reaching $764 million for the quarter.

Sapient Capital LLC decreased its stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 2.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 310,670 shares of the technology company's stock after selling 6,488 shares during the period. BWX Technologies comprises 0.8% of Sapient Capital LLC's portfolio, making the stock its 24th largest holding. Sapient Capital LLC owned about 0.34% of BWX Technologies worth $44,755,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ameriflex Group Inc. bought a new position in BWX Technologies during the fourth quarter valued at approximately $34,000. Stone House Investment Management LLC bought a new position in BWX Technologies during the first quarter valued at approximately $31,000. Compass Financial Services Inc bought a new position in BWX Technologies during the first quarter valued at approximately $33,000. MassMutual Private Wealth & Trust FSB lifted its position in BWX Technologies by 200.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 354 shares of the technology company's stock valued at $35,000 after purchasing an additional 236 shares during the period. Finally, Vermillion Wealth Management Inc. bought a new position in BWX Technologies during the fourth quarter valued at approximately $40,000. Institutional investors own 94.39% of the company's stock.

Insider Buying and Selling at BWX Technologies

In other BWX Technologies news, Director Leland D. Melvin sold 600 shares of BWX Technologies stock in a transaction on Monday, August 11th. The shares were sold at an average price of $178.26, for a total value 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 filing with the SEC, which is available at this link. Also, CEO Rex D. Geveden sold 25,000 shares of BWX Technologies stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 197,594 shares of the company's stock, valued at $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. Over the last quarter, insiders sold 29,953 shares of company stock valued at $5,359,758. Corporate insiders own 0.47% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on BWXT shares. Northland Securities started coverage on shares of BWX Technologies in a research report on Wednesday, September 10th. They issued an "outperform" rating and a $205.00 price target on the stock. William Blair reiterated an "outperform" rating on shares of BWX Technologies in a research report on Wednesday. Wall Street Zen downgraded shares of BWX Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Northland Capmk upgraded shares of BWX Technologies to a "strong-buy" rating in a research report on Tuesday, September 9th. Finally, Bank of America increased their price target on shares of BWX Technologies from $155.00 to $220.00 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $160.83.

BWX Technologies Price Performance

BWXT traded up $0.48 during trading on Friday, hitting $174.51. 2,476,862 shares of the company traded hands, compared to its average volume of 1,041,001. The company has a market cap of $15.95 billion, a PE ratio of 54.53, a P/E/G ratio of 3.95 and a beta of 0.75. The stock's 50-day simple moving average is $161.77 and its two-hundred day simple moving average is $131.68. BWX Technologies, Inc. has a 1 year low of $84.21 and a 1 year high of $189.25. The company has a current ratio of 1.69, a quick ratio of 1.60 and a debt-to-equity ratio of 1.28.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted 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. 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%. BWX Technologies's quarterly revenue was up 12.1% on a year-over-year basis. During the same period last year, the company posted $0.82 earnings per share. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. As a group, sell-side analysts anticipate that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Monday, August 18th were 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 of this dividend was Monday, August 18th. BWX Technologies's dividend payout ratio (DPR) is presently 31.25%.

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.