Scientech Research LLC acquired a new stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 9,583 shares of the technology company's stock, valued at approximately $945,000.
A number of other institutional investors have also modified their holdings of the stock. HHM Wealth Advisors LLC raised its stake 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 valued at $38,000 after buying an additional 100 shares during the last quarter. Gateway Investment Advisers LLC increased its stake in shares of BWX Technologies by 6.0% in the 1st quarter. Gateway Investment Advisers LLC now owns 2,154 shares of the technology company's stock valued at $212,000 after purchasing an additional 121 shares in the last quarter. Mesirow Financial Investment Management Inc. increased its stake in shares of BWX Technologies by 3.3% in the 1st quarter. Mesirow Financial Investment Management Inc. now owns 4,186 shares of the technology company's stock valued at $413,000 after purchasing an additional 132 shares in the last quarter. Avantax Advisory Services Inc. increased its stake in shares of BWX Technologies by 2.0% in the 1st quarter. Avantax Advisory Services Inc. now owns 7,136 shares of the technology company's stock valued at $704,000 after purchasing an additional 141 shares in the last quarter. Finally, Commerce Bank increased its stake in shares of BWX Technologies by 6.9% in the 1st quarter. Commerce Bank now owns 2,313 shares of the technology company's stock valued at $228,000 after purchasing an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 94.39% of the company's stock.
Analyst Ratings Changes
Several brokerages recently weighed in on BWXT. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $150.00 price target (up previously from $119.00) on shares of BWX Technologies in a research note on Tuesday, July 8th. Bank of America boosted their price objective on BWX Technologies from $155.00 to $220.00 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. Northland Capmk upgraded BWX Technologies to a "strong-buy" rating in a research note on Tuesday. Northland Securities began coverage on BWX Technologies in a research note on Wednesday. They set an "outperform" rating and a $205.00 price objective for the company. Finally, Maxim Group reiterated a "hold" rating on shares of BWX Technologies in a research note on Wednesday, August 6th. Two research 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 issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $160.83.
Get Our Latest Analysis on BWX Technologies
BWX Technologies Trading Down 0.9%
NYSE:BWXT traded down $1.56 during trading hours on Friday, reaching $168.54. 688,838 shares of the stock were exchanged, compared to its average volume of 1,055,831. 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 50-day moving average of $158.26 and a two-hundred day moving average of $129.20. BWX Technologies, Inc. has a twelve month low of $84.21 and a twelve month high of $189.25. The company has a market capitalization of $15.40 billion, a price-to-earnings ratio of 52.67, a PEG ratio of 3.85 and a beta of 0.75.
BWX Technologies (NYSE:BWXT - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The technology company reported $1.02 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.23. BWX Technologies had a return on equity of 30.61% and a net margin of 10.28%.The company had revenue of $764.00 million for the quarter, compared to analysts' expectations of $708.00 million. During the same period in the prior year, the firm earned $0.82 earnings per share. The firm's revenue was up 12.1% compared to the same quarter last year. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. On average, equities analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current year.
BWX Technologies Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Monday, August 18th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. BWX Technologies's dividend payout ratio is currently 31.25%.
Insider Buying and Selling
In other news, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the company's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $177.43, for a total transaction of $371,183.56. Following the sale, the senior vice president owned 10,149 shares of the company's stock, valued at approximately $1,800,737.07. This represents a 17.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 stock was sold at an average price of $179.00, for a total value of $4,475,000.00. Following the sale, the chief executive officer directly owned 197,594 shares in the company, valued at $35,369,326. This represents a 11.23% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,953 shares of company stock worth $5,359,758 over the last ninety days. Insiders own 0.47% of the company's stock.
About BWX Technologies
(
Free Report)
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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