BWX Technologies, Inc. $BWXT Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. reduced its position in BWX Technologies, Inc. (NYSE:BWXT) by 11.5% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 286,080 shares of the technology company’s stock after selling 37,246 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in BWX Technologies were worth $41,213,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. ARK Investment Management LLC grew its stake in shares of BWX Technologies by 426.5% during the 2nd quarter. ARK Investment Management LLC now owns 641,049 shares of the technology company’s stock worth $92,350,000 after purchasing an additional 519,285 shares during the period. Vontobel Holding Ltd. acquired a new position in shares of BWX Technologies during the 1st quarter worth $383,000. Clear Creek Financial Management LLC acquired a new position in shares of BWX Technologies during the 1st quarter worth $223,000. Sequoia Financial Advisors LLC grew its stake in shares of 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 during the period. Finally, PNC Financial Services Group Inc. grew its stake in shares of BWX Technologies by 52.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 11,460 shares of the technology company’s stock worth $1,131,000 after purchasing an additional 3,950 shares during the period. 94.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BWXT. Maxim Group reaffirmed a “hold” rating on shares of BWX Technologies in a research note on Wednesday, August 6th. Bank of America upped their price target on shares of BWX Technologies from $155.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. Northland Securities began coverage on shares of BWX Technologies in a research note on Wednesday, September 10th. They set an “outperform” rating and a $205.00 price target on the stock. Northland Capmk upgraded shares of BWX Technologies to a “strong-buy” rating in a research report on Tuesday, September 9th. Finally, William Blair reiterated an “outperform” rating on shares of BWX Technologies in a research report on Wednesday, September 17th. Three equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $168.08.

Insider Activity

In other news, Director Leland D. Melvin sold 600 shares of the stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $178.26, for a total transaction of $106,956.00. Following the transaction, the director directly owned 5,579 shares in the company, valued at $994,512.54. This represents a 9.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Omar Fathi Meguid sold 2,261 shares of the stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $179.84, for a total transaction of $406,618.24. Following the transaction, the senior vice president owned 2,361 shares in the company, valued at approximately $424,602.24. The trade was a 48.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,953 shares of company stock valued at $5,359,758 in the last 90 days. Company insiders own 0.47% of the company’s stock.

BWX Technologies Price Performance

NYSE:BWXT opened at $204.23 on Tuesday. The firm has a market cap of $18.67 billion, a price-to-earnings ratio of 63.82, a price-to-earnings-growth ratio of 4.04 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. The company’s 50-day moving average is $179.96 and its two-hundred day moving average is $148.95. BWX Technologies, Inc. has a 12-month low of $84.21 and a 12-month high of $214.72.

BWX Technologies (NYSE:BWXT) last released its earnings results on Monday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.23. The company had revenue of $764.00 million for the quarter, compared to analyst estimates of $708.00 million. BWX Technologies had a net margin of 10.28% and a return on equity of 30.61%. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.82 EPS. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. Research analysts expect that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Monday, August 18th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, August 18th. BWX Technologies’s dividend 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.