Voya Investment Management LLC Sells 7,762 Shares of BWX Technologies, Inc. $BWXT

Key Points

• Voya Investment Management LLC reduced its stake in BWX Technologies by 29.2% during the first quarter, now holding 18,788 shares valued at approximately $1.85 million.
• BWX Technologies reported $1.02 EPS for the recent quarter, beating estimates by $0.23 and showing a year-over-year revenue increase of 12.1%.
• The company announced a quarterly dividend of $0.25 per share, representing an annualized yield of 0.6% with a payout ratio of 31.25%.

Voya Investment Management LLC lessened its holdings in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 29.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,788 shares of the technology company's stock after selling 7,762 shares during the quarter. Voya Investment Management LLC's holdings in BWX Technologies were worth $1,853,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. ProShare Advisors LLC grew its holdings in BWX Technologies by 7.3% in the 4th quarter. ProShare Advisors LLC now owns 4,277 shares of the technology company's stock worth $476,000 after acquiring an additional 292 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in BWX Technologies by 1.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 319,455 shares of the technology company's stock worth $35,584,000 after acquiring an additional 5,336 shares during the last quarter. Mackenzie Financial Corp bought a new stake in BWX Technologies in the 4th quarter worth $387,000. Vermillion Wealth Management Inc. bought a new stake in BWX Technologies in the 4th quarter worth $40,000. Finally, Ameriflex Group Inc. bought a new stake in shares of BWX Technologies during the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 94.39% of the company's stock.

Insider Activity

In other BWX Technologies news, CEO Rex D. Geveden sold 25,000 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The shares were 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 directly owned 197,594 shares in the company, valued at $35,369,326. This represents a 11.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the senior vice president 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 disclosure for this sale can be found here. In the last three months, insiders have sold 29,953 shares of company stock valued at $5,359,758. Company insiders own 0.47% of the company's stock.

Wall Street Analyst Weigh In

BWXT has been the topic of several research reports. CLSA reissued an "outperform" rating and set a $177.60 price objective (up previously from $153.00) on shares of BWX Technologies in a research note on Tuesday, May 27th. Bank of America boosted their price objective on shares of BWX Technologies from $155.00 to $220.00 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. Maxim Group reissued a "hold" rating on shares of BWX Technologies in a research note on Wednesday, August 6th. 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 on the stock. Finally, Wall Street Zen lowered shares of BWX Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, BWX Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $160.83.

BWX Technologies Stock Performance

Shares of BWXT traded up $3.84 during mid-day trading on Monday, hitting $178.34. 1,045,148 shares of the company traded hands, compared to its average volume of 1,100,955. 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 stock has a 50-day moving average price of $162.57 and a two-hundred day moving average price of $132.45. BWX Technologies, Inc. has a 1 year low of $84.21 and a 1 year high of $189.25. The stock has a market cap of $16.30 billion, a price-to-earnings ratio of 47.42, a P/E/G ratio of 3.95 and a beta of 0.75.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its earnings results 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. The company 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 firm's quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.82 earnings per share. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. Equities analysts anticipate that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 5th. Shareholders 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 0.6%. The ex-dividend date was Monday, August 18th. BWX Technologies's dividend payout ratio is presently 31.25%.

BWX Technologies Company 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.