Bayforest Capital Ltd Sells 1,630 Shares of BWX Technologies, Inc. $BWXT

Bayforest Capital Ltd decreased its position in BWX Technologies, Inc. (NYSE:BWXT) by 42.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,247 shares of the technology company’s stock after selling 1,630 shares during the quarter. Bayforest Capital Ltd’s holdings in BWX Technologies were worth $324,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of BWX Technologies by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 9,404,287 shares of the technology company’s stock valued at $927,733,000 after buying an additional 192,363 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in shares of BWX Technologies by 19.7% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 4,503,679 shares of the technology company’s stock valued at $444,288,000 after buying an additional 741,282 shares in the last quarter. Valeo Financial Advisors LLC boosted its position in BWX Technologies by 33,572.0% during the second quarter. Valeo Financial Advisors LLC now owns 1,517,599 shares of the technology company’s stock worth $2,228,000 after purchasing an additional 1,513,092 shares during the period. Dimensional Fund Advisors LP boosted its position in BWX Technologies by 11.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,211,624 shares of the technology company’s stock worth $119,522,000 after purchasing an additional 128,791 shares during the period. Finally, Bessemer Group Inc. grew its holdings in BWX Technologies by 1.6% during the first quarter. Bessemer Group Inc. now owns 1,038,223 shares of the technology company’s stock valued at $102,419,000 after purchasing an additional 16,262 shares during the last quarter. Institutional investors own 94.39% of the company’s stock.

BWX Technologies Stock Performance

Shares of NYSE BWXT opened at $203.94 on Thursday. The business has a fifty day simple moving average of $175.74 and a 200 day simple moving average of $142.39. 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 firm has a market capitalization of $18.64 billion, a price-to-earnings ratio of 63.73, a PEG ratio of 4.03 and a beta of 0.78. BWX Technologies, Inc. has a one year low of $84.21 and a one year high of $214.00.

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

BWX Technologies Announces Dividend

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

Insider Transactions at BWX Technologies

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Bank of America boosted their price objective 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. William Blair restated an “outperform” rating on shares of BWX Technologies in a research note on Wednesday, September 17th. Maxim Group restated a “hold” rating on shares of BWX Technologies in a research note on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft set a $180.00 price objective on shares of BWX Technologies and gave the stock a “hold” rating in a research note on Wednesday, October 8th. Finally, Wedbush restated an “outperform” rating on shares of BWX Technologies in a research note on Wednesday, October 1st. Three investment 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $168.08.

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.