Woodward Diversified Capital LLC Buys Shares of 53,581 NuScale Power Corporation $SMR

Key Points

• Woodward Diversified Capital LLC purchased 53,581 shares of NuScale Power Corporation, valued at approximately $2.12 million, making it the firm's 15th largest holding.
• According to recent reports, the stock has seen significant insider selling, with a director selling over 2.37 million shares valued at approximately $104.37 million.
• NuScale Power's latest quarterly earnings showed a loss of ($0.13) per share, missing expectations and indicating a negative net margin of 221.07%.

Woodward Diversified Capital LLC bought a new position in NuScale Power Corporation (NYSE:SMR - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 53,581 shares of the company's stock, valued at approximately $2,120,000. NuScale Power accounts for about 1.1% of Woodward Diversified Capital LLC's holdings, making the stock its 15th largest holding.

Other large investors have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. boosted its position in NuScale Power by 84.5% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 784 shares of the company's stock worth $31,000 after acquiring an additional 359 shares during the period. Toth Financial Advisory Corp lifted its position in shares of NuScale Power by 185.0% in the second quarter. Toth Financial Advisory Corp now owns 1,710 shares of the company's stock worth $68,000 after purchasing an additional 1,110 shares in the last quarter. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of NuScale Power during the second quarter worth approximately $69,000. Quantbot Technologies LP purchased a new position in NuScale Power during the first quarter valued at approximately $27,000. Finally, Albion Financial Group UT increased its stake in NuScale Power by 26.2% in the 2nd quarter. Albion Financial Group UT now owns 2,045 shares of the company's stock valued at $81,000 after buying an additional 425 shares during the period. 78.37% of the stock is owned by institutional investors and hedge funds.

NuScale Power Stock Performance

SMR opened at $36.66 on Thursday. The company has a market cap of $10.44 billion, a PE ratio of -30.81 and a beta of 2.02. The stock has a 50-day moving average of $39.34 and a 200-day moving average of $31.16. NuScale Power Corporation has a 52-week low of $11.08 and a 52-week high of $53.50.

NuScale Power (NYSE:SMR - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.13) earnings per share for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.01). The company had revenue of $8.05 million during the quarter, compared to the consensus estimate of $10.49 million. NuScale Power had a negative net margin of 221.07% and a positive return on equity of 2.61%. On average, research analysts predict that NuScale Power Corporation will post -0.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SMR. Canaccord Genuity Group lifted their target price on shares of NuScale Power from $44.00 to $60.00 and gave the company a "buy" rating in a research note on Wednesday, September 3rd. Bank of America restated an "underperform" rating and issued a $34.00 target price (down previously from $38.00) on shares of NuScale Power in a research note on Tuesday. BNP Paribas raised NuScale Power to a "hold" rating in a research report on Friday, July 25th. Northland Capmk upgraded NuScale Power to a "hold" rating in a report on Monday, July 7th. Finally, UBS Group boosted their price target on NuScale Power from $34.00 to $38.00 and gave the company a "neutral" rating in a research note on Monday, August 11th. Three analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, NuScale Power currently has a consensus rating of "Hold" and a consensus price target of $36.67.

Insider Transactions at NuScale Power

In related news, Director Corp Fluor sold 2,372,563 shares of NuScale Power stock in a transaction on Friday, September 19th. The shares were sold at an average price of $43.99, for a total value of $104,369,046.37. Following the transaction, the director owned 10,085,344 shares in the company, valued at $443,654,282.56. This trade represents a 19.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last quarter, insiders have sold 11,624,569 shares of company stock valued at $468,599,880. Company insiders own 1.27% of the company's stock.

NuScale Power Company Profile

NuScale Power Corporation engages in the development and sale of modular light water reactor nuclear power plants to supply energy for electrical generation, district heating, desalination, hydrogen production, and other process heat applications. It offers NuScale Power Module (NPM), a water reactor that can generate 77 megawatts of electricity (MWe); and VOYGR power plant designs for three facility sizes that are capable of housing from one to four and six or twelve NPMs.

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