Westwood Holdings Group Inc. Sells 303,918 Shares of BWX Technologies, Inc. $BWXT

Westwood Holdings Group Inc. decreased its stake in BWX Technologies, Inc. (NYSE:BWXT) by 31.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 654,645 shares of the technology company’s stock after selling 303,918 shares during the quarter. Westwood Holdings Group Inc.’s holdings in BWX Technologies were worth $94,308,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. ARK Investment Management LLC increased its position in shares of BWX Technologies by 426.5% during the second quarter. ARK Investment Management LLC now owns 641,049 shares of the technology company’s stock worth $92,350,000 after acquiring an additional 519,285 shares in the last quarter. GAMMA Investing LLC boosted its stake in BWX Technologies by 29.6% in the 2nd quarter. GAMMA Investing LLC now owns 2,071 shares of the technology company’s stock worth $298,000 after purchasing an additional 473 shares during the period. Sequoia Financial Advisors LLC increased its holdings in BWX Technologies by 7.1% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 46,409 shares of the technology company’s stock worth $6,686,000 after purchasing an additional 3,087 shares in the last quarter. Curi RMB Capital LLC increased its holdings in BWX Technologies by 3.5% during the 1st quarter. Curi RMB Capital LLC now owns 70,384 shares of the technology company’s stock worth $6,943,000 after purchasing an additional 2,379 shares in the last quarter. Finally, Jump Financial LLC raised its stake in shares of BWX Technologies by 901.4% in the 1st quarter. Jump Financial LLC now owns 53,875 shares of the technology company’s stock valued at $5,315,000 after purchasing an additional 48,495 shares during the period. 94.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Rex D. Geveden sold 10,000 shares of BWX Technologies stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $197.90, for a total transaction of $1,979,000.00. Following the completion of the transaction, the chief executive officer owned 187,594 shares in the company, valued at approximately $37,124,852.60. This trade represents a 5.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.47% of the company’s stock.

Analysts Set New Price Targets

BWXT has been the subject of several recent research reports. Wall Street Zen raised BWX Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Wedbush restated an “outperform” rating on shares of BWX Technologies in a research note on Wednesday, October 1st. Bank of America raised their price target on shares of BWX Technologies from $220.00 to $230.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Deutsche Bank Aktiengesellschaft set a $180.00 price objective on shares of BWX Technologies and gave the company a “hold” rating in a report on Wednesday, October 8th. Finally, Northland Capmk upgraded shares of BWX Technologies to a “strong-buy” rating in a report on Tuesday, September 9th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $184.83.

BWX Technologies Trading Down 4.6%

Shares of BWX Technologies stock opened at $174.86 on Friday. The stock has a market cap of $15.99 billion, a P/E ratio of 52.51, a P/E/G ratio of 3.43 and a beta of 0.85. The company has a quick ratio of 1.62, a current ratio of 1.71 and a debt-to-equity ratio of 1.21. BWX Technologies, Inc. has a 12-month low of $84.21 and a 12-month high of $218.50. The business’s 50 day moving average is $190.60 and its 200-day moving average is $167.52.

BWX Technologies (NYSE:BWXT) last issued its earnings results on Monday, November 3rd. The technology company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.15. The business had revenue of $866.29 million for the quarter, compared to the consensus estimate of $795.48 million. BWX Technologies had a net margin of 10.04% and a return on equity of 30.70%. The firm’s revenue for the quarter was up 28.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.83 earnings per share. BWX Technologies has set its FY 2025 guidance at 3.750-3.800 EPS. Equities research analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Wednesday, November 19th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.6%. The ex-dividend date was Wednesday, November 19th. BWX Technologies’s dividend payout ratio (DPR) is 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.