BWX Technologies, Inc. $BWXT Shares Sold by State of New Jersey Common Pension Fund D

Key Points

• The State of New Jersey Common Pension Fund D reduced its stake in BWX Technologies by 7.6%, holding 30,847 shares valued at approximately $3.04 million as of the end of the recent quarter.
• Several institutional investors, including Dimensional Fund Advisors and Russell Investments Group, have increased their positions in BWX Technologies, contributing to a total institutional ownership of 94.39%.
• BWX Technologies reported better-than-expected earnings of $1.02 EPS for the last quarter, surpassing analysts' expectations, and has set its FY 2025 EPS guidance between 3.650-3.750.

State of New Jersey Common Pension Fund D reduced its position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 7.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,847 shares of the technology company's stock after selling 2,526 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in BWX Technologies were worth $3,043,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Utah Retirement Systems boosted its stake in shares of BWX Technologies by 2.1% during the 4th quarter. Utah Retirement Systems now owns 4,900 shares of the technology company's stock worth $546,000 after acquiring an additional 100 shares in the last quarter. HHM Wealth Advisors LLC boosted 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 worth $38,000 after acquiring an additional 100 shares in the last quarter. Gateway Investment Advisers LLC boosted its stake in shares of BWX Technologies by 6.0% during the 1st quarter. Gateway Investment Advisers LLC now owns 2,154 shares of the technology company's stock worth $212,000 after acquiring an additional 121 shares in the last quarter. Mesirow Financial Investment Management Inc. boosted its stake in shares of BWX Technologies by 3.3% during the 1st quarter. Mesirow Financial Investment Management Inc. now owns 4,186 shares of the technology company's stock worth $413,000 after acquiring an additional 132 shares in the last quarter. Finally, Avantax Advisory Services Inc. raised its position in shares of BWX Technologies by 2.0% during the 1st quarter. Avantax Advisory Services Inc. now owns 7,136 shares of the technology company's stock worth $704,000 after purchasing an additional 141 shares during the last quarter. 94.39% of the stock is owned by hedge funds and other institutional investors.

BWX Technologies Price Performance

NYSE BWXT traded down $2.2030 during trading hours on Friday, hitting $163.1370. 1,277,712 shares of the company's stock traded hands, compared to its average volume of 1,405,280. BWX Technologies, Inc. has a 52-week low of $84.21 and a 52-week high of $189.25. The company has a market capitalization of $14.91 billion, a PE ratio of 50.98, a PEG ratio of 3.69 and a beta of 0.73. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.69 and a quick ratio of 1.60. The firm's 50-day moving average is $151.64 and its 200-day moving average is $123.32.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.23. BWX Technologies had a net margin of 10.28% and a return on equity of 30.61%. The company had revenue of $764.00 million during the quarter, compared to analysts' expectations of $708.00 million. During the same quarter in the prior year, the company earned $0.82 EPS. BWX Technologies'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. Equities analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Maxim Group restated a "hold" rating on shares of BWX Technologies in a research report on Wednesday, August 6th. William Blair restated an "outperform" rating on shares of BWX Technologies in a research report on Wednesday, June 18th. Truist Financial set a $145.00 price target on shares of BWX Technologies and gave the stock a "hold" rating in a research report on Tuesday, August 5th. CLSA restated an "outperform" rating and set a $177.60 price target (up previously from $153.00) on shares of BWX Technologies in a research report on Tuesday, May 27th. Finally, Wall Street Zen downgraded shares of BWX Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $154.51.

Insider Buying and Selling at BWX Technologies

In related news, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the company's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $177.43, for a total value of $371,183.56. Following the completion of 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 sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Leland D. Melvin sold 600 shares of the company's stock in a transaction dated 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 sale, the director directly owned 5,579 shares of the company's stock, valued at $994,512.54. This represents a 9.71% 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 in the last 90 days. 0.47% of the stock is currently owned by insiders.

BWX Technologies 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.