Vanguard Group Inc. Sells 22,289 Shares of BWX Technologies, Inc. $BWXT

Vanguard Group Inc. reduced its stake in BWX Technologies, Inc. (NYSE:BWXT) by 0.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,381,998 shares of the technology company’s stock after selling 22,289 shares during the period. Vanguard Group Inc. owned approximately 10.26% of BWX Technologies worth $1,351,571,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BWXT. Creative Financial Designs Inc. ADV boosted its stake in BWX Technologies by 250.0% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 175 shares of the technology company’s stock worth $25,000 after purchasing an additional 125 shares during the period. Hantz Financial Services Inc. lifted its holdings in shares of BWX Technologies by 861.9% in the second quarter. Hantz Financial Services Inc. now owns 202 shares of the technology company’s stock worth $29,000 after buying an additional 181 shares in the last quarter. Stone House Investment Management LLC purchased a new stake in shares of BWX Technologies in the first quarter worth about $31,000. Compass Financial Services Inc bought a new position in shares of BWX Technologies in the first quarter valued at approximately $33,000. Finally, HHM Wealth Advisors LLC grew its stake in BWX Technologies by 34.5% during the first 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 in the last quarter. 94.39% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Rex D. Geveden sold 10,000 shares of BWX Technologies stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $197.90, for a total value of $1,979,000.00. Following the transaction, the chief executive officer owned 187,594 shares in the company, valued at $37,124,852.60. This trade represents a 5.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.47% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on BWXT shares. Northland Securities set a $225.00 target price on shares of BWX Technologies in a report on Tuesday, November 4th. BTIG Research boosted their price target on shares of BWX Technologies from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Maxim Group reiterated a “hold” rating on shares of BWX Technologies in a research report on Wednesday, August 6th. William Blair reissued an “outperform” rating on shares of BWX Technologies in a research note on Wednesday, September 17th. Finally, Northland Capmk upgraded BWX Technologies to a “strong-buy” rating in a research report on Tuesday, September 9th. Three equities research 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $184.83.

BWX Technologies Stock Performance

Shares of NYSE BWXT opened at $169.76 on Friday. The stock has a market cap of $15.52 billion, a price-to-earnings ratio of 53.05, a P/E/G ratio of 4.24 and a beta of 0.78. The company has a current ratio of 1.69, a quick ratio of 1.60 and a debt-to-equity ratio of 1.28. BWX Technologies, Inc. has a 1-year low of $84.21 and a 1-year high of $218.50. The stock’s 50-day moving average is $191.03 and its 200 day moving average is $160.52.

BWX Technologies (NYSE:BWXT) last issued its earnings results on Monday, November 3rd. The technology company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.15. BWX Technologies had a return on equity of 30.61% and a net margin of 10.28%.The business had revenue of $866.29 million during the quarter, compared to analyst estimates of $795.48 million. During the same quarter in the prior year, the firm earned $0.83 earnings per share. BWX Technologies’s revenue for the quarter was up 28.9% on a year-over-year basis. BWX Technologies has set its FY 2025 guidance at 3.750-3.800 EPS. On average, sell-side analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Wednesday, November 19th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. BWX Technologies’s dividend payout ratio (DPR) is currently 30.03%.

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.