OMERS ADMINISTRATION Corp purchased a new position in BWX Technologies, Inc. (NYSE:BWXT – Free Report) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 66,000 shares of the technology company’s stock, valued at approximately $12,847,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Cannell & Spears LLC increased its stake in BWX Technologies by 4.0% during the 1st quarter. Cannell & Spears LLC now owns 1,312 shares of the technology company’s stock worth $251,000 after purchasing an additional 50 shares in the last quarter. Wedbush Securities Inc. raised its holdings in BWX Technologies by 4.3% during the 4th quarter. Wedbush Securities Inc. now owns 1,263 shares of the technology company’s stock worth $218,000 after buying an additional 52 shares during the period. Oppenheimer Asset Management Inc. lifted its stake in BWX Technologies by 1.0% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 5,448 shares of the technology company’s stock valued at $942,000 after buying an additional 54 shares in the last quarter. Guggenheim Capital LLC lifted its stake in BWX Technologies by 2.2% in the fourth quarter. Guggenheim Capital LLC now owns 2,598 shares of the technology company’s stock valued at $449,000 after buying an additional 55 shares in the last quarter. Finally, Private Advisor Group LLC boosted its holdings in shares of BWX Technologies by 2.4% in the first quarter. Private Advisor Group LLC now owns 2,847 shares of the technology company’s stock valued at $582,000 after buying an additional 67 shares during the period. 94.39% of the stock is currently owned by institutional investors and hedge funds.
BWX Technologies Price Performance
Shares of BWXT opened at $156.95 on Monday. The company has a quick ratio of 2.33, a current ratio of 2.40 and a debt-to-equity ratio of 1.51. BWX Technologies, Inc. has a twelve month low of $154.59 and a twelve month high of $241.82. The stock has a market capitalization of $14.38 billion, a P/E ratio of 40.66, a P/E/G ratio of 2.45 and a beta of 0.76. The company has a 50 day moving average of $180.70 and a 200-day moving average of $197.34.
BWX Technologies Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Tuesday, August 18th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.7%. The ex-dividend date is Tuesday, August 18th. BWX Technologies’s payout ratio is presently 27.98%.
Analysts Set New Price Targets
BWXT has been the subject of several research reports. Weiss Ratings raised shares of BWX Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, August 12th. Wall Street Zen cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Seaport Research Partners raised shares of BWX Technologies from a “neutral” rating to a “buy” rating and set a $245.00 target price for the company in a research note on Monday, June 22nd. Truist Financial lowered their target price on BWX Technologies from $212.00 to $202.00 and set a “hold” rating for the company in a report on Friday, August 14th. Finally, Deutsche Bank Aktiengesellschaft raised BWX Technologies from a “hold” rating to a “buy” rating and lifted their price target for the company from $205.00 to $255.00 in a research note on Friday, May 15th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $227.20.
Check Out Our Latest Stock Analysis on BWXT
Insider Buying and Selling
In other BWX Technologies news, CEO Rex D. Geveden sold 10,000 shares of the business’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $172.50, for a total transaction of $1,725,000.00. Following the sale, the chief executive officer directly owned 192,491 shares of the company’s stock, valued at $33,204,697.50. The trade was a 4.94% decrease in their position. 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. 0.60% of the stock is owned by company insiders.
About BWX Technologies
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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