Tcfg Wealth Management LLC Has $380,000 Holdings in BWX Technologies, Inc. $BWXT

Key Points

• Tcfg Wealth Management LLC reduced its holdings in BWX Technologies by 75.6% in the second quarter, now owning 2,638 shares valued at $380,000.
• Insider selling has occurred recently, with CEO Rex D. Geveden selling 25,000 shares for approximately $4.48 million, resulting in an 11.23% decrease in his ownership.
• Analysts have a consensus rating of "Moderate Buy" for BWX Technologies, with an average target price of $160.83.

Tcfg Wealth Management LLC cut its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 75.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,638 shares of the technology company's stock after selling 8,162 shares during the quarter. Tcfg Wealth Management LLC's holdings in BWX Technologies were worth $380,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Stone House Investment Management LLC acquired a new stake in BWX Technologies during the first quarter worth approximately $31,000. Compass Financial Services Inc bought a new stake in shares of BWX Technologies during the 1st quarter valued at $33,000. HHM Wealth Advisors LLC lifted its position 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 acquiring an additional 100 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of BWX Technologies by 109.6% during the 1st quarter. Farther Finance Advisors LLC now owns 459 shares of the technology company's stock worth $46,000 after purchasing an additional 240 shares in the last quarter. Finally, National Bank of Canada FI increased its position in shares of BWX Technologies by 369.7% in the first quarter. National Bank of Canada FI now owns 559 shares of the technology company's stock worth $55,000 after purchasing an additional 440 shares during the period. 94.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BWXT. Maxim Group reaffirmed a "hold" rating on shares of BWX Technologies in a research report on Wednesday, August 6th. Northland Securities began coverage on shares of BWX Technologies in a research report on Wednesday, September 10th. They issued an "outperform" rating and a $205.00 target price for the company. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $150.00 price target (up previously from $119.00) on shares of BWX Technologies in a research report on Tuesday, July 8th. Northland Capmk upgraded shares of BWX Technologies to a "strong-buy" rating in a research report on Tuesday, September 9th. Finally, Bank of America raised their target price on BWX Technologies from $155.00 to $220.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $160.83.

Insider Transactions at BWX Technologies

In other news, CEO Rex D. Geveden sold 25,000 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 197,594 shares of the company's stock, valued at $35,369,326. This represents a 11.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Omar Fathi Meguid sold 2,261 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $179.84, for a total transaction of $406,618.24. Following the completion of the transaction, the senior vice president owned 2,361 shares of the company's stock, valued at approximately $424,602.24. This trade represents a 48.92% 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 valued at $5,359,758 over the last three months. Company insiders own 0.47% of the company's stock.

BWX Technologies Trading Up 2.7%

Shares of BWX Technologies stock opened at $191.61 on Tuesday. The firm's 50 day moving average is $170.56 and its 200 day moving average is $138.33. The firm has a market capitalization of $17.51 billion, a PE ratio of 59.88, a price-to-earnings-growth ratio of 4.23 and a beta of 0.78. BWX Technologies, Inc. has a 1 year low of $84.21 and a 1 year high of $193.25. 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 issued its earnings results on Monday, August 4th. The technology company reported $1.02 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.23. The firm 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 company's quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the business posted $0.82 earnings per share. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. Equities research analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Monday, August 18th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, August 18th. BWX Technologies's dividend payout ratio is presently 31.25%.

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.

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