Concurrent Investment Advisors LLC Has $998,000 Stake in BWX Technologies, Inc. $BWXT

Concurrent Investment Advisors LLC raised its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 8.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,925 shares of the technology company’s stock after buying an additional 544 shares during the period. Concurrent Investment Advisors LLC’s holdings in BWX Technologies were worth $998,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of BWXT. Stone House Investment Management LLC acquired a new stake in shares of BWX Technologies during the first quarter worth approximately $31,000. Compass Financial Services Inc bought a new position in BWX Technologies in the 1st quarter worth approximately $33,000. HHM Wealth Advisors LLC raised its position in BWX Technologies by 34.5% in the 1st quarter. HHM Wealth Advisors LLC now owns 390 shares of the technology company’s stock worth $38,000 after purchasing an additional 100 shares during the last quarter. Farther Finance Advisors LLC raised its position in BWX Technologies by 109.6% in the 1st quarter. Farther Finance Advisors LLC now owns 459 shares of the technology company’s stock worth $46,000 after purchasing an additional 240 shares during the last quarter. Finally, National Bank of Canada FI raised its position in BWX Technologies by 369.7% in the 1st quarter. National Bank of Canada FI now owns 559 shares of the technology company’s stock worth $55,000 after purchasing an additional 440 shares during the last quarter. Institutional investors and hedge funds own 94.39% of the company’s stock.

Analyst Upgrades and Downgrades

BWXT has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft set a $180.00 price objective on shares of BWX Technologies and gave the stock a “hold” rating in a research report on Wednesday, October 8th. Wall Street Zen cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. William Blair restated an “outperform” rating on shares of BWX Technologies in a research report on Wednesday, September 17th. 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 report on Wednesday, August 13th. Finally, Northland Securities began coverage on shares of BWX Technologies in a research report on Wednesday, September 10th. They set an “outperform” rating and a $205.00 target price for the company. Three equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, BWX Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $168.08.

BWX Technologies Stock Performance

Shares of BWX Technologies stock opened at $203.94 on Thursday. The firm has a fifty day moving average of $175.74 and a two-hundred day moving average of $142.39. The stock 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 52 week low of $84.21 and a 52 week high of $214.00. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.60 and a current ratio of 1.69.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings results on Monday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $708.00 million. During the same quarter in the previous year, the business earned $0.82 EPS. The firm’s revenue was up 12.1% on a year-over-year basis. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. As a group, equities research analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Announces Dividend

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

Insider Activity

In other news, SVP Omar Fathi Meguid sold 2,261 shares of the business’s 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 completion of the transaction, the senior vice president owned 2,361 shares of the company’s stock, valued at $424,602.24. The trade was a 48.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Rex D. Geveden sold 25,000 shares of the business’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $179.00, for a total transaction of $4,475,000.00. Following the completion of the transaction, the chief executive officer directly owned 197,594 shares of the company’s stock, valued at $35,369,326. This trade represents a 11.23% decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,953 shares of company stock worth $5,359,758 over the last quarter. Corporate insiders own 0.47% of the company’s stock.

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.