US Bancorp DE Sells 1,725 Shares of BWX Technologies, Inc. $BWXT

Key Points

• US Bancorp DE has reduced its stake in BWX Technologies, Inc. by 14.0%, selling 1,725 shares and bringing its total holdings to 10,627 shares valued at approximately $1,531,000.
• Several institutional investors, such as Valeo Financial Advisors and T. Rowe Price, significantly increased their stakes in BWX Technologies, showcasing strong investor interest in the company.
• The stock currently has a consensus rating of "Moderate Buy" with a price target of $168.08 following various analyst rating changes and transactions by company insiders.

US Bancorp DE lessened its stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 14.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,627 shares of the technology company's stock after selling 1,725 shares during the period. US Bancorp DE's holdings in BWX Technologies were worth $1,531,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of BWXT. Valeo Financial Advisors LLC lifted its stake in shares of BWX Technologies by 33,572.0% in the 2nd quarter. Valeo Financial Advisors LLC now owns 1,517,599 shares of the technology company's stock valued at $2,228,000 after acquiring an additional 1,513,092 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in shares of BWX Technologies by 19.7% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 4,503,679 shares of the technology company's stock valued at $444,288,000 after acquiring an additional 741,282 shares during the last quarter. Westwood Holdings Group Inc. lifted its stake in shares of BWX Technologies by 279.0% in the 1st quarter. Westwood Holdings Group Inc. now owns 958,563 shares of the technology company's stock valued at $94,562,000 after acquiring an additional 705,648 shares during the last quarter. Blair William & Co. IL lifted its stake in shares of BWX Technologies by 84.3% in the 1st quarter. Blair William & Co. IL now owns 782,991 shares of the technology company's stock valued at $77,242,000 after acquiring an additional 358,170 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of BWX Technologies by 6,116.6% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 323,326 shares of the technology company's stock valued at $31,896,000 after acquiring an additional 318,125 shares during the last quarter. Institutional investors own 94.39% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on BWXT. Deutsche Bank Aktiengesellschaft set a $180.00 price target on BWX Technologies and gave the company a "hold" rating in a report on Wednesday, October 8th. Maxim Group restated a "hold" rating on shares of BWX Technologies in a report on Wednesday, August 6th. Wall Street Zen downgraded BWX Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Truist Financial boosted their price target on BWX Technologies from $145.00 to $173.00 and gave the company a "hold" rating in a report on Wednesday. Finally, Northland Capmk upgraded BWX Technologies to a "strong-buy" rating in a report on Tuesday, September 9th. Three research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $168.08.

Insider Buying and Selling

In other news, Director Leland D. Melvin sold 600 shares of the business's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $178.26, for a total value of $106,956.00. Following the sale, the director directly owned 5,579 shares of the company's stock, valued at $994,512.54. The trade was a 9.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Rex D. Geveden sold 25,000 shares of the business'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 sale, the chief executive officer directly owned 197,594 shares in the company, valued at approximately $35,369,326. This represents a 11.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,953 shares of company stock valued at $5,359,758. 0.47% of the stock is owned by company insiders.

BWX Technologies Stock Up 2.6%

BWXT stock opened at $209.06 on Friday. BWX Technologies, Inc. has a fifty-two week low of $84.21 and a fifty-two week high of $214.72. The business's 50 day moving average price is $176.33 and its two-hundred day moving average price is $143.15. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.60 and a current ratio of 1.69. The company has a market capitalization of $19.11 billion, a price-to-earnings ratio of 65.33, a price-to-earnings-growth ratio of 4.05 and a beta of 0.78.

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, 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 firm had revenue of $764.00 million for the quarter, compared to the consensus estimate of $708.00 million. During the same quarter in the prior year, the business earned $0.82 EPS. The business's revenue for the quarter was up 12.1% on a year-over-year basis. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. As a group, analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

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