Pinnbrook Capital Management LP Purchases Shares of 39,846 BWX Technologies, Inc. $BWXT

Pinnbrook Capital Management LP acquired a new position in BWX Technologies, Inc. (NYSE:BWXT) in the 2nd quarter, HoldingsChannel reports. The firm acquired 39,846 shares of the technology company’s stock, valued at approximately $5,740,000.

A number of other large investors also recently modified their holdings of the stock. Intrua Financial LLC grew its holdings in BWX Technologies by 3.9% during the first quarter. Intrua Financial LLC now owns 2,625 shares of the technology company’s stock worth $259,000 after buying an additional 99 shares in the last quarter. HHM Wealth Advisors LLC boosted its holdings in BWX Technologies by 34.5% during the 1st quarter. HHM Wealth Advisors LLC now owns 390 shares of the technology company’s stock worth $38,000 after acquiring an additional 100 shares during the last quarter. Oakworth Capital Inc. grew 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 worth $159,000 after acquiring an additional 100 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in shares of 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 acquiring an additional 100 shares in the last quarter. Finally, State of Michigan Retirement System raised its holdings in shares of BWX Technologies by 0.5% in the second quarter. State of Michigan Retirement System now owns 22,000 shares of the technology company’s stock valued at $3,169,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 94.39% of the company’s stock.

Insider Activity

In related news, CEO Rex D. Geveden sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $197.90, for a total transaction of $1,979,000.00. Following the sale, the chief executive officer directly owned 187,594 shares in the company, valued at approximately $37,124,852.60. This represents a 5.06% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.47% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on BWXT shares. Northland Securities set a $225.00 price target on shares of BWX Technologies in a report on Tuesday, November 4th. Northland Capmk upgraded BWX Technologies to a “strong-buy” rating in a research note on Tuesday, September 9th. Zacks Research raised BWX Technologies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 7th. Weiss Ratings reiterated a “buy (b-)” rating on shares of BWX Technologies in a report on Thursday. Finally, BTIG Research boosted their price objective on BWX Technologies from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Three analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $184.83.

BWX Technologies Stock Performance

NYSE:BWXT opened at $177.57 on Friday. The company has a market capitalization of $16.23 billion, a P/E ratio of 55.49, a P/E/G ratio of 4.24 and a beta of 0.78. The business has a fifty day simple moving average of $190.10 and a two-hundred day simple moving average of $157.92. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.69 and a quick ratio of 1.60. BWX Technologies, Inc. has a 1 year low of $84.21 and a 1 year high of $218.50.

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

BWX Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 19th will be paid a $0.25 dividend. The ex-dividend date is Wednesday, November 19th. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. BWX Technologies’s dividend payout ratio (DPR) is presently 30.03%.

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.