Anchor Capital Advisors LLC Lowers Stock Holdings in BWX Technologies, Inc. $BWXT

Anchor Capital Advisors LLC lowered its stake in BWX Technologies, Inc. (NYSE:BWXT) by 4.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 313,115 shares of the technology company’s stock after selling 16,204 shares during the quarter. BWX Technologies comprises approximately 1.3% of Anchor Capital Advisors LLC’s holdings, making the stock its 25th largest holding. Anchor Capital Advisors LLC owned 0.34% of BWX Technologies worth $45,107,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. Intrua Financial LLC lifted its stake in BWX Technologies by 3.9% in the 1st quarter. Intrua Financial LLC now owns 2,625 shares of the technology company’s stock worth $259,000 after purchasing an additional 99 shares in the last quarter. HHM Wealth Advisors LLC lifted its stake 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 in the last quarter. Oakworth Capital Inc. lifted its stake in BWX Technologies by 10.0% in the 2nd quarter. Oakworth Capital Inc. now owns 1,105 shares of the technology company’s stock worth $159,000 after purchasing an additional 100 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in BWX Technologies by 0.4% in the 2nd quarter. Louisiana State Employees Retirement System now owns 25,700 shares of the technology company’s stock worth $3,702,000 after purchasing an additional 100 shares in the last quarter. Finally, State of Michigan Retirement System lifted its stake in BWX Technologies by 0.5% in the 2nd quarter. State of Michigan Retirement System now owns 22,000 shares of the technology company’s stock worth $3,169,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 94.39% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on BWXT. Maxim Group reiterated a “hold” rating on shares of BWX Technologies in a research note on Wednesday, August 6th. Weiss Ratings cut shares of BWX Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Bank of America boosted 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. Finally, Zacks Research upgraded shares of BWX Technologies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 7th. 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, BWX Technologies has an average rating of “Moderate Buy” and an average target price of $173.95.

BWX Technologies Stock Performance

BWX Technologies stock opened at $198.48 on Thursday. The company’s 50-day moving average price is $186.17 and its 200-day moving average price is $154.12. BWX Technologies, Inc. has a twelve month low of $84.21 and a twelve month high of $218.50. The company has a quick ratio of 1.60, a current ratio of 1.69 and a debt-to-equity ratio of 1.28. The company has a market cap of $18.14 billion, a PE ratio of 62.03, a price-to-earnings-growth ratio of 4.24 and a beta of 0.78.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings results on Monday, November 3rd. The technology company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.85 by $0.15. The company had revenue of $866.29 million for the quarter, compared to the consensus estimate of $795.48 million. BWX Technologies had a net margin of 10.28% and a return on equity of 30.61%. The firm’s revenue was up 28.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.83 EPS. BWX Technologies has set its FY 2025 guidance at 3.750-3.800 EPS. On average, equities research analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Wednesday, November 19th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.5%. The ex-dividend date is Wednesday, November 19th. BWX Technologies’s dividend payout ratio is presently 30.03%.

Insider Activity

In related news, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the company’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $177.43, for a total transaction of $371,183.56. Following the transaction, the senior vice president directly owned 10,149 shares in the company, valued at approximately $1,800,737.07. This represents a 17.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Leland D. Melvin sold 600 shares of the company’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $178.26, for a total transaction of $106,956.00. Following the transaction, the director owned 5,579 shares in the company, valued at $994,512.54. The trade was a 9.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.47% of the company’s stock.

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.