BWX Technologies, Inc. $BWXT Shares Sold by First Manhattan CO. LLC.

First Manhattan CO. LLC. trimmed its stake in BWX Technologies, Inc. (NYSE:BWXT) by 5.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,600 shares of the technology company’s stock after selling 200 shares during the quarter. First Manhattan CO. LLC.’s holdings in BWX Technologies were worth $355,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Vontobel Holding Ltd. acquired a new position in shares of BWX Technologies in the 1st quarter worth $383,000. Synergy Asset Management LLC acquired a new position in shares of BWX Technologies in the 1st quarter worth $296,000. Clear Creek Financial Management LLC acquired a new position in shares of BWX Technologies in the 1st quarter worth $223,000. Artemis Investment Management LLP acquired a new position in shares of BWX Technologies in the 1st quarter worth $19,331,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of BWX Technologies by 343.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 33,063 shares of the technology company’s stock worth $3,262,000 after acquiring an additional 25,615 shares during the last quarter. 94.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at BWX Technologies

In other BWX Technologies news, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the business’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $177.43, for a total value of $371,183.56. Following the transaction, the senior vice president owned 10,149 shares in the company, valued at $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 SEC, which is available through the SEC website. Also, Director Leland D. Melvin sold 600 shares of the business’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $178.26, for a total value of $106,956.00. Following the completion of the transaction, the director owned 5,579 shares in the company, valued at $994,512.54. This trade represents a 9.71% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,953 shares of company stock worth $5,359,758. 0.47% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on BWXT shares. William Blair restated an “outperform” rating on shares of BWX Technologies in a report on Wednesday, June 18th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $150.00 price objective (up from $119.00) on shares of BWX Technologies in a research note on Tuesday, July 8th. CLSA restated an “outperform” rating and set a $177.60 price objective (up from $153.00) on shares of BWX Technologies in a research report on Tuesday, May 27th. Bank of America lifted their target price on BWX Technologies from $155.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, August 13th. Finally, Maxim Group reaffirmed a “hold” rating on shares of BWX Technologies in a research note on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, BWX Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $154.51.

BWX Technologies Stock Performance

Shares of NYSE BWXT opened at $160.63 on Thursday. The business’s 50-day moving average price is $155.16 and its two-hundred day moving average price is $126.11. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.69 and a quick ratio of 1.60. BWX Technologies, Inc. has a one year low of $84.21 and a one year high of $189.25. The company has a market capitalization of $14.68 billion, a P/E ratio of 50.20, a price-to-earnings-growth ratio of 3.67 and a beta of 0.75.

BWX Technologies (NYSE:BWXT) last issued its earnings results on Monday, August 4th. The technology company reported $1.02 EPS for the quarter, beating 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 previous year, the company posted $0.82 earnings per share. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. Analysts anticipate that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Monday, August 18th will be paid a $0.25 dividend. The ex-dividend date is Monday, August 18th. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. BWX Technologies’s payout ratio is 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.