Valeo Financial Advisors LLC Grows Stock Holdings in BWX Technologies, Inc. $BWXT

Key Points

• Valeo Financial Advisors LLC significantly increased its holdings in BWX Technologies by 33,572.0%, owning 1,517,599 shares after acquiring an additional 1,513,092 shares in the second quarter.
• A number of other investors made adjustments to their positions in BWX Technologies, with 94.39% of the stock now owned by institutional investors.
• BWX Technologies reported a 10.28% net margin and beat earnings estimates with $1.02 EPS for the last quarter, prompting analysts to set a consensus rating of "Moderate Buy" with an average target price of $160.83.

Valeo Financial Advisors LLC raised its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 33,572.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,517,599 shares of the technology company's stock after purchasing an additional 1,513,092 shares during the quarter. Valeo Financial Advisors LLC owned 1.66% of BWX Technologies worth $2,228,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC raised its position in shares of BWX Technologies by 2.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,448 shares of the technology company's stock valued at $830,000 after buying an additional 172 shares in the last quarter. Merit Financial Group LLC bought a new stake in BWX Technologies during the first quarter worth approximately $202,000. Gateway Investment Advisers LLC increased its stake in BWX Technologies by 6.0% during the first 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 during the last quarter. UMB Bank n.a. raised its position in BWX Technologies by 80.5% during the first quarter. UMB Bank n.a. now owns 915 shares of the technology company's stock valued at $90,000 after purchasing an additional 408 shares during the period. Finally, Miracle Mile Advisors LLC raised its position in BWX Technologies by 0.8% during the first quarter. Miracle Mile Advisors LLC now owns 18,669 shares of the technology company's stock valued at $1,842,000 after purchasing an additional 151 shares during the period. 94.39% of the stock is currently owned by institutional investors.

Insider Activity at BWX Technologies

In other news, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the business's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $177.43, for a total transaction of $371,183.56. Following the completion of the sale, the senior vice president directly owned 10,149 shares of the company's stock, valued at approximately $1,800,737.07. The trade was a 17.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Omar Fathi Meguid sold 2,261 shares of the company's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $179.84, for a total transaction of $406,618.24. Following the completion of the sale, the senior vice president directly owned 2,361 shares of the company's stock, valued at approximately $424,602.24. This trade represents a 48.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,953 shares of company stock valued at $5,359,758 over the last ninety days. Company insiders own 0.47% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BWXT. Wedbush restated an "outperform" rating on shares of BWX Technologies in a research report on Wednesday, October 1st. Truist Financial set a $145.00 price objective on shares of BWX Technologies and gave the stock a "hold" rating in a research note on Tuesday, August 5th. Wall Street Zen lowered shares of BWX Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Northland Securities initiated coverage on shares of BWX Technologies in a research note on Wednesday, September 10th. They set an "outperform" rating and a $205.00 price objective for the company. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of BWX Technologies in a research note on Saturday, September 27th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, BWX Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $160.83.

BWX Technologies Stock Up 2.7%

Shares of BWXT opened at $191.61 on Tuesday. The firm has a market capitalization of $17.51 billion, a P/E ratio of 59.88, a P/E/G ratio of 4.23 and a beta of 0.78. BWX Technologies, Inc. has a 12-month low of $84.21 and a 12-month 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. The firm has a fifty day moving average price of $170.56 and a 200-day moving average price of $138.33.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.23. The firm had revenue of $764.00 million during 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 business's revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.82 earnings per share. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. Equities research analysts expect that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Monday, August 18th were paid a dividend of $0.25 per share. 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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