Vaughan Nelson Investment Management L.P. Trims Holdings in BWX Technologies, Inc. $BWXT

Vaughan Nelson Investment Management L.P. trimmed its stake in BWX Technologies, Inc. (NYSE:BWXT) by 43.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 312,325 shares of the technology company’s stock after selling 242,975 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in BWX Technologies were worth $44,994,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Synergy Asset Management LLC raised its stake in shares of BWX Technologies by 30.1% in the 2nd quarter. Synergy Asset Management LLC now owns 3,903 shares of the technology company’s stock valued at $562,000 after acquiring an additional 903 shares during the period. Abacus Planning Group Inc. purchased a new stake in shares of BWX Technologies in the 2nd quarter valued at approximately $241,000. Naples Global Advisors LLC raised its stake in shares of BWX Technologies by 1.4% in the 2nd quarter. Naples Global Advisors LLC now owns 37,310 shares of the technology company’s stock valued at $5,375,000 after acquiring an additional 525 shares during the period. Oakworth Capital Inc. raised its stake in shares of BWX Technologies by 10.0% in the 2nd quarter. Oakworth Capital Inc. now owns 1,105 shares of the technology company’s stock valued at $159,000 after acquiring an additional 100 shares during the period. Finally, Congress Asset Management Co. purchased a new stake in shares of BWX Technologies in the 2nd quarter valued at approximately $4,854,000. 94.39% of the stock is owned by hedge funds and other institutional investors.

BWX Technologies Trading Up 0.6%

Shares of NYSE:BWXT opened at $186.82 on Friday. BWX Technologies, Inc. has a 52 week low of $84.21 and a 52 week high of $190.01. The company’s 50 day moving average is $169.73 and its two-hundred day moving average is $137.18. 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 has a market cap of $17.08 billion, a PE ratio of 58.38, a P/E/G ratio of 4.21 and a beta of 0.78.

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

BWX Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Monday, August 18th were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. BWX Technologies’s dividend payout ratio is currently 31.25%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BWXT. William Blair reissued an “outperform” rating on shares of BWX Technologies in a research note on Wednesday, September 17th. Bank of America increased their target price on shares of BWX Technologies from $155.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, August 13th. Truist Financial set a $145.00 target price on shares of BWX Technologies and gave the stock a “hold” rating in a report on Tuesday, August 5th. Wedbush reiterated an “outperform” rating on shares of BWX Technologies in a report on Wednesday. Finally, Wall Street Zen lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $160.83.

Insider Activity

In related news, SVP Omar Fathi Meguid sold 2,261 shares of the stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $179.84, for a total value of $406,618.24. Following the transaction, the senior vice president directly owned 2,361 shares of the company’s stock, valued at $424,602.24. This trade represents a 48.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the stock in a transaction on Monday, August 11th. The shares were sold at an average price of $177.43, for a total transaction of $371,183.56. Following the completion of the transaction, the senior vice president directly owned 10,149 shares in the company, valued at $1,800,737.07. This trade represents a 17.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,953 shares of company stock valued at $5,359,758. 0.47% of the stock is currently owned by company insiders.

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.