Tribune Investment Group LP raised its position in BWX Technologies, Inc. (NYSE:BWXT – Free Report) by 60.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,000 shares of the technology company’s stock after acquiring an additional 6,000 shares during the period. BWX Technologies comprises approximately 1.3% of Tribune Investment Group LP’s holdings, making the stock its 27th largest holding. Tribune Investment Group LP’s holdings in BWX Technologies were worth $3,114,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of BWX Technologies during the 2nd quarter worth approximately $2,359,895,000. Invesco Ltd. lifted its position in BWX Technologies by 0.7% in the fourth quarter. Invesco Ltd. now owns 2,568,117 shares of the technology company’s stock worth $443,873,000 after purchasing an additional 18,967 shares during the period. Franklin Resources Inc. boosted its stake in BWX Technologies by 2.4% during the fourth quarter. Franklin Resources Inc. now owns 2,258,282 shares of the technology company’s stock worth $390,321,000 after buying an additional 53,594 shares in the last quarter. Geode Capital Management LLC boosted its stake in BWX Technologies by 3.9% during the fourth quarter. Geode Capital Management LLC now owns 1,857,716 shares of the technology company’s stock worth $321,176,000 after buying an additional 69,857 shares in the last quarter. Finally, Blair William & Co. IL increased its holdings in BWX Technologies by 20.9% in the 4th quarter. Blair William & Co. IL now owns 1,439,666 shares of the technology company’s stock valued at $248,832,000 after buying an additional 248,598 shares during the period. Institutional investors own 94.39% of the company’s stock.
BWX Technologies Price Performance
Shares of BWX Technologies stock opened at $156.95 on Monday. The stock has a market capitalization of $14.38 billion, a price-to-earnings ratio of 40.66, a P/E/G ratio of 2.45 and a beta of 0.76. The company has a current ratio of 2.40, a quick ratio of 2.33 and a debt-to-equity ratio of 1.51. BWX Technologies, Inc. has a 1-year low of $154.59 and a 1-year high of $241.82. The firm’s 50-day moving average price is $180.70 and its two-hundred day moving average price is $197.34.
BWX Technologies Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Tuesday, August 18th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Tuesday, August 18th. BWX Technologies’s dividend payout ratio is presently 27.98%.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on BWXT. JPMorgan Chase & Co. started coverage on shares of BWX Technologies in a research note on Monday, July 27th. They issued an “overweight” rating and a $230.00 price objective for the company. Weiss Ratings raised shares of BWX Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft raised shares of BWX Technologies from a “hold” rating to a “buy” rating and increased their price target for the stock from $205.00 to $255.00 in a research report on Friday, May 15th. Truist Financial cut their price target on shares of BWX Technologies from $212.00 to $202.00 and set a “hold” rating for the company in a research note on Friday, August 14th. Finally, BTIG Research reaffirmed a “buy” rating and set a $235.00 price objective on shares of BWX Technologies in a report on Tuesday, August 4th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, BWX Technologies has a consensus rating of “Moderate Buy” and an average target price of $227.20.
Read Our Latest Analysis on BWX Technologies
Insider Buying and Selling at BWX Technologies
In other news, CEO Rex D. Geveden sold 10,000 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $172.50, for a total value of $1,725,000.00. Following the completion of the sale, the chief executive officer directly owned 192,491 shares in the company, valued at approximately $33,204,697.50. This trade represents a 4.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.60% of the company’s stock.
BWX Technologies Profile
BWX Technologies, Inc (NYSE: BWXT) is a specialized supplier of nuclear components and services, primarily serving the U.S. government and commercial markets. The company’s core expertise lies in the design, fabrication and servicing of nuclear propulsion systems for the U.S. Navy, where it supports the maintenance and overhaul of naval nuclear reactors. In addition to defense applications, BWXT develops small modular reactors (SMRs), nuclear fuel and related technologies for non‐defense power generation, offering scalable solutions to meet evolving energy and industrial demands.
Beyond propulsion and power systems, BWXT is a leading producer of medical radioisotopes used in diagnostic imaging and cancer treatment.
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