BWX Technologies, Inc. $BWXT Shares Bought by Oakworth Capital Inc.

Oakworth Capital Inc. grew its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT) by 10.0% during the second quarter, HoldingsChannel reports. The firm owned 1,105 shares of the technology company’s stock after purchasing an additional 100 shares during the quarter. Oakworth Capital Inc.’s holdings in BWX Technologies were worth $159,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in BWXT. Stone House Investment Management LLC purchased a new position in BWX Technologies during the first quarter worth about $31,000. Compass Financial Services Inc purchased a new stake in BWX Technologies in the 1st quarter valued at about $33,000. MassMutual Private Wealth & Trust FSB grew its holdings in BWX Technologies by 200.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 354 shares of the technology company’s stock valued at $35,000 after buying an additional 236 shares during the period. HHM Wealth Advisors LLC increased its stake in shares of BWX Technologies by 34.5% during the 1st quarter. HHM Wealth Advisors LLC now owns 390 shares of the technology company’s stock valued at $38,000 after acquiring an additional 100 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in shares of BWX Technologies by 109.6% during the 1st quarter. Farther Finance Advisors LLC now owns 459 shares of the technology company’s stock worth $46,000 after acquiring an additional 240 shares during the period. Institutional investors and hedge funds own 94.39% of the company’s stock.

Analyst Upgrades and Downgrades

BWXT has been the topic of several research analyst reports. Northland Securities initiated coverage on shares of BWX Technologies in a research report on Wednesday, September 10th. They issued an “outperform” rating and a $205.00 target price on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $150.00 price target (up previously from $119.00) on shares of BWX Technologies in a research note on Tuesday, July 8th. Maxim Group reissued a “hold” rating on shares of BWX Technologies in a research note on Wednesday, August 6th. Bank of America upped their price objective on BWX Technologies from $155.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, August 13th. Finally, Truist Financial set a $145.00 target price on BWX Technologies and gave the stock a “hold” rating in a research report on Tuesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $160.83.

Insider Buying and Selling

In related news, Director Leland D. Melvin sold 600 shares of the firm’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $178.26, for a total transaction of $106,956.00. Following the sale, the director directly owned 5,579 shares in the company, valued at approximately $994,512.54. This trade represents a 9.71% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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 value 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. This represents a 17.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,953 shares of company stock worth $5,359,758 in the last ninety days. 0.47% of the stock is owned by corporate insiders.

BWX Technologies Price Performance

BWXT opened at $180.69 on Monday. BWX Technologies, Inc. has a 52-week low of $84.21 and a 52-week high of $189.25. The company has a 50 day moving average of $165.51 and a two-hundred day moving average of $134.70. The company has a market cap of $16.52 billion, a P/E ratio of 56.47, a P/E/G ratio of 4.09 and a beta of 0.75. The company has a quick ratio of 1.60, a current ratio of 1.69 and a debt-to-equity ratio of 1.28.

BWX Technologies (NYSE:BWXT) last posted its earnings results on Monday, August 4th. The technology company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.23. BWX Technologies had a net margin of 10.28% and a return on equity of 30.61%. The business had revenue of $764.00 million for the quarter, compared to analyst estimates of $708.00 million. During the same quarter in the previous year, the business posted $0.82 EPS. The business’s quarterly revenue was up 12.1% on a year-over-year basis. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. On average, 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 given a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. BWX Technologies’s dividend payout ratio is presently 31.25%.

About BWX Technologies

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.