Citizens Business Bank Purchases New Position in BWX Technologies, Inc. $BWXT

Citizens Business Bank purchased a new stake in BWX Technologies, Inc. (NYSE:BWXT) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 4,431 shares of the technology company’s stock, valued at approximately $638,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Huntleigh Advisors Inc. raised its holdings in shares of BWX Technologies by 8.1% in the second quarter. Huntleigh Advisors Inc. now owns 4,152 shares of the technology company’s stock valued at $598,000 after buying an additional 310 shares during the last quarter. Kanawha Capital Management LLC purchased a new stake in shares of BWX Technologies in the second quarter valued at about $232,000. VELA Investment Management LLC raised its holdings in shares of BWX Technologies by 3.6% in the second quarter. VELA Investment Management LLC now owns 17,021 shares of the technology company’s stock valued at $2,452,000 after buying an additional 598 shares during the last quarter. Chevy Chase Trust Holdings LLC raised its holdings in shares of BWX Technologies by 403.3% in the second quarter. Chevy Chase Trust Holdings LLC now owns 463,919 shares of the technology company’s stock valued at $66,832,000 after buying an additional 371,748 shares during the last quarter. Finally, Stratos Wealth Partners LTD. purchased a new stake in shares of BWX Technologies in the second quarter valued at about $217,000. 94.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on BWXT shares. Deutsche Bank Aktiengesellschaft set a $180.00 price target on shares of BWX Technologies and gave the stock a “hold” rating in a report on Wednesday, October 8th. Weiss Ratings lowered shares of BWX Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. William Blair reiterated an “outperform” rating on shares of BWX Technologies in a research report on Wednesday, September 17th. Wedbush restated an “outperform” rating on shares of BWX Technologies in a research report on Wednesday, October 1st. Finally, Bank of America raised their target price 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. Three investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $168.08.

BWX Technologies Stock Performance

Shares of BWXT stock opened at $202.92 on Friday. The company’s fifty day simple moving average is $176.80 and its 200-day simple moving average is $143.86. BWX Technologies, Inc. has a 52 week low of $84.21 and a 52 week high of $214.72. 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 $18.55 billion, a PE ratio of 63.41, a P/E/G ratio of 4.15 and a beta of 0.78.

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. BWX Technologies had a net margin of 10.28% and a return on equity of 30.61%. The business had revenue of $764.00 million for the quarter, compared to the consensus estimate of $708.00 million. During the same quarter last year, the firm posted $0.82 EPS. The business’s revenue for the quarter 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. As a group, equities research analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Dividend Announcement

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

Insider Activity

In related news, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of BWX Technologies 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 sale, 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Leland D. Melvin sold 600 shares of BWX Technologies stock in a transaction on Monday, August 11th. The stock was sold at an average price of $178.26, for a total transaction of $106,956.00. Following the sale, the director directly owned 5,579 shares in the company, valued at $994,512.54. This trade represents a 9.71% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,953 shares of company stock worth $5,359,758. 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.